Paul Alphen President Real Estate Bar Association of Mass.
Name: Paul Alphen
Title: President, Real Estate Bar Association for Massachusetts
Company: Balas Alphen & Santos
Location: 200 Littleton Rd., Westford, Mass. 01886
Birthplace and year: Boston, Mass., 1954
Family: Wife, Annette; sons, Paul and Christopher
College: Boston College, BA and MBA in Sociology; Suffolk University, MPA; New England School of Law, JD
First job outside of real estate: Police officer, Wayland
First job in current field: Real estate lawyer: Hall Balas & Finnegan
What do you do now and what are you planning for the future? REBA goal is to educate and increase our memberships, especially with regard to real estate lawyers.
Hobbies: Power boating, cars, travel
Favorite book: "An Innocent Man" by John Grisham
Favorite movie: "Bullitt"
Person you admire most (outside of family): John Pine (retired Boston municipal court judge)
Key to success: Treat others as you would like to be treated.
If you had to choose another vocation what would it be? Write boating reviews for "Boating" magazine or car reviews for "Car & Driver"
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.
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
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.