Name: Jonathan Black
Title: Partner
Company: Brown Rudnick, LLP
Location: One Financial Center, 18th Floor, Boston, MA
Birthplace and year: Cincinnati, OH - 1964
Family: Wife, Marichu; Children - Jonathan, Jennifer, Patrick, Alyssa and Erin
College: University of Penn., bachelor of English; University of Virginia School of Law - JD
First job outside of law: Sold Polo clothes for department store
First job in law: Asst. to attorney at Schatz & Shatz
What do you do now and what are you planning for the future? Structured financing and restructuring out of current market dislocations; debt asset acquisitions and structuring.
Hobbies: Time with family, workout, read, swimming and boating
Favorite book: "The Sound and the Fury" by William Faulkner
Favorite movie: "Braveheart"
Person you admire most (outside of family): Ron Borod
Key to success: Know as much as you can; continually educate yourself
If you had to choose another vocation what would it be? Author
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4