News: Finance

Newmark hires Renner as valuation & advisory market leader for the New England region

James Renner

Boston, MA Newmark has hired James Renner as a senior managing director and valuation & advisory (V&A) market leader for New England, including Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. He is based in Newmark’s Boston office.

“James brings an exceptional depth of market knowledge and trusted leadership, further connecting and amplifying V&A’s myriad of leadership across the U.S.,” said Helene Jacobson MAI, MRICS, executive managing director, U.S. practice lead, valuation & advisory. “His reputation for quality, integrity and precision aligns seamlessly with our standard of excellence. We’re thrilled to welcome him to Newmark.”

 With more than three decades of valuation experience, Renner’s institutional background provides a unique perspective of clients’ requirements to Newmark’s valuation practice. Renner came to Newmark after serving as vice president and lead commercial valuations within Wells Fargo Bank – Real Estate Valuation Services, where he was responsible for procurement and review of commercial appraisals supporting the bank’s loan collateral. He worked with many internal lines of business and external appraisal vendors, providing risk management and consult to lenders within the bank. Renner managed appraisal valuations throughout the New England territory for Wells Fargo Bank.

“Newmark’s strong platform and commitment to delivering best-in-class valuation services are differentiators in the industry, backing its professionals with the resources, scale and support needed to deliver at a high level,” said Renner. “The firm understands the importance of local insight backed by national scale, and I’m looking forward to building on that foundation across New England.”

Tags: Finance
MORE FROM Finance

From the mayor’s office to the World Cup: A dynamic season at RE&FA

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.
Are appraisers on the same page as the assessor? - by Richard Seman

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.