Name: Michael Marcone
Title: President
Company: Marcone Capital, Inc.
Location: 1266 Furnace Brook Pkwy., Ste. 309, Quincy, MA 02169
Birthplace and year: Hartford, Conn., 1968
Family: Wife, Virginie
College: Bentley College, BS in Finance
First job in finance or allied field: Underwriter and asset manager for Continental Realty Credit
What do you do now and what are you planning for the future? Provide mortgage financing for office, industrial, retail and multifamily real estate.
Hobbies: Tennis, skiing
Favorite book: Anything by Lee Childs
Favorite movie: "Star Wars"
Person you admire most (outside of family): Steve Jobs
Key to success: Hard work
If you had to choose another vocation what would it be? Psychiatrist
Lynn, MA The city of Lynn’s purchase of the former Eastern Bank headquarters at 195 Market St. is paying dividends in more ways than one. In issuing an RFP in the spring of 2024, the city was seeking to acquire multi-purpose space,
I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
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.
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
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