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Finance
Posted: August 9, 2012
Keefe joins Westfield Bank as vice president of commercial real estate
According to Westfield Bank president and CEO James Hagan, Dennis Keefe has joined the Westfield Bank team as vice president of commercial real estate. In this position, Keefe will develop and grow the bank’s commercial real estate portfolio and increase commercial loan diversification. He will work in conjunction with the commercial lending staff to finance apartments, office, retail and industrial properties in Mass. and northern Conn. Keefe has over 30 years of real estate and commercial banking experience. He graduated from St. Michael’s College, and later received his MBA from Western New England University. Dennis resides in Wilbraham with his wife Jill, and has two daughters living in Boston.
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Finance
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Quick Hits
Columns and Thought Leadership
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
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.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
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
Are appraisers on the same page as the assessor? - by Richard Seman
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.
