 (1).gif)
News:
Finance
Posted: December 11, 2008
Marcone Capital arranges $9.3 million construction loan for 58,114 s/f center
Mike Marcone of Marcone Capital, Inc. has arranged $9.3 million construction loan on a 58,114 s/f retail center situated on a 3.16 acre parcel located at 514, 542, and 558 Southbridge St.
The borrower, 542 Southbridge St., LLC, has received all necessary building permits, has already cleared the site of all previous structures including several old industrial buildings, and at this point has almost finished the construction of the center.
The property will consist of three single story buildings, the largest of which is a 36,050 s/f building that is 100% leased on a long term basis to Price Rite. The Price Rite lease is guaranteed by Wakefern Food Corp.
Tags:
Finance
MORE FROM Finance
Funding your project: Available, but expensive, in many ways - by Daniel Calano
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.
 (1).gif)
Columns and Thought Leadership
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.
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.
