Name: Martin Geitz
Title: Chair, Connecticut Bankers Association
Company: Simsbury Bank
Location: 760 Hopmeadow St., P.O. Box, 248, Simsbury, CT 06070
Birthplace and year: Inglewood, N.J., 1956
Family: Wife, Brenda and 3 children
College: Johns Hopkins University, BA, German Literature; Cornell, MBA
First job outside of finance: Wendy's, fast food manager
First in finance or allied field: Commercial relationships for Continental Bank, Chicago, Ill.
What do you do now and what are you planning for the future? Ensure value for members; lobbying activities, education regulatory compliance; communication for industry changes, both to members and to the public.
Hobbies: Travel, golf, cooking
Favorite book: "Undaunted Courage" by Stephen Ambrose
Favorite movie: "The Godfather"
Persons you admire most (outside of family): People who dedicate their lives to solving social problems of inequality and unequal access to capital such as: Elyse Cherry and Dick Jones of Boston Community Capital and Sam Hamilton of Headco.
Key to success: Hard work
If you had to choose another vocation what would it be? Tour guide for travel.
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.
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.
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