Peter Lennon has joined Brookline Bank's commercial real estate banking division as vice president. He comes to Brookline with over 13 years of banking experience, including relationship management for both real estate and C&I clients as well as in financial product development. Lennon will be located at the bank's Clarendon St. offices in Boston. "We continue to attract top-level talent to our team," said Darryl Fess, division executive of commercial real estate banking. "Peter's experience plus his dedication to full relationship management fits our client servicing model perfectly."
Lennon was previously employed at IBRC Boston Limited (formerly Anglo Irish Bank) in Boston, New York, and in Dublin, Ireland. He holds an Honours Degree in Economics and Politics from Trinity College Dublin.
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.
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.
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