Name: Paul Ayoub
Title: Partner
Company: Nutter McClennan & Fish
Location: 155 Seaport Blvd., Boston, Mass. 02210
Birthplace and year: Boston, Mass., 1955
Family: Wife, Jane; daughter, Lizzie
College: Brown University, BA, Political Science; Boston College Law School, JD
First job outside of finance: Assistant press secretary for Gov. Ed King
First job in finance or allied field: Associate at Gaston Snow & Ely Bartlett
What do you do now and what are you planning for the future? I am a real estate and finance attorney. I represent local and national banks, including new loans and debt restructuring. I represent developers on acquisition, sale, permitting and leasing of all property types.
Hobbies: Time with family; I am involved in many charitable organizations, including St. Jude Children's Research Hospital.
Favorite book: "Man of the Hill" by Tip O'Neill
Favorite movie: "Good Will Hunting," "Caddy Shack"
Person you admire most (outside of family): Danny Thomas
Keys to success: Caring about people. Be passionate about what you do.
If you had to choose another vocation what would it be? Work for a non-profit organization
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.
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.
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
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.
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