News: Finance

Professional Profile: David Zamary, 2014

Name: David A. Zamary Title: First VP & Acting President, Connecticut Mortgage Bankers Assn. Company: First County Bank Location: 100 Prospect Street, Stamford, CT Place of Birth and Year: Bridgeport, CT – 1957 Family: wife; Debra, daughters; Taryn, Jenna College: Fairfield University – BA Economics; MBA in Finance – U of New Haven First Job in Finance or Allied Field: Mechanics & Farmers Bank – Mgmt. Trainee What do you do now and what are you planning for the future: As acting pres., promote the welfare of mortgage banking – tougher process – went from loosey goosey to real tight process. Also have a lot of educational seminars at CMBA Hobbies: Bike ride; speed walk; spend time outdoors Favorite Book: “Lord of the Flies” by William Golding Favorite Movie: “Scarface” Person you most emulate (outside of family): John F. Kennedy Key to success (one idea): Be honest, know the business; provide good follow up; be conscientious If you were forced to choose another vocation what would it be?: Psychologist or psychiatrist – work with people
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Kozlowski of Newmark Capital Markets secures $115.6m financing for two properties

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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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.
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
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.
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