Name: Joseph Hegenbart
Title: Managing Director
Company: NorthMarq Capital, LLC
Location: 800 South St., Suite 500, Waltham, MA 02453
Place of birth and year: Brooklyn, N.Y., 1943
Family: Wife, Kathleen; Children Christine and Jay
College: Holy Cross - BS Economics; BU - MBA
First job outside of finance: US Navy - Supply Corps.
First job in finance of allied field: State Street Bank
What do you do now and what are you planning for the future? We arrange commercial real estate financing debt and equity for the New England area. I will continue to manage the Boston office and hope to expand.
Hobbies: Bicycling, golf, squash
Favorite book: "Too Big To Fail"
Favorite movie: "The Hoosiers"
Person you most emulate (outside of family): Nelson Mandela
Key to success: Pay attention to detail; work harder than you think you can
If you were forced to choose another vocation what would it be? High school math teacher
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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.
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
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
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.