Name: Ken Dicks, MAI
Title: President, Mass. & R.I. Chapter of Appraisal Institute
Company: Santander Bank, USA
Location: Dorchester, MA
Birthplace and year: Staten Island, New York - 1961
Family: Betsy (wife/partner 26 years) two sons, Brendan , Christopher and Finn McCool our Golden Doodle.
College: University of South Florida, BS Business Administration
First job outside of appraisal: Newspaper delivery New York Daily News and Staten Island Advance age 10.
First Job in appraisal: Research Assistant, Bay Area Appraisal Services, Tampa, Florida
What do you do now and what are you planning for the future: Actively pursuing new educational offerings to benefit members, continued engagement in appraisal related legislation on the local level and developing new programs to enhance future opportunities for the organization.
Hobbies: Bicycling (7 year PMC veteran), family time walking the beaches of Southeast Massachusetts and trips to Ireland, gardening.
Favorite Book: "Long Walk to Freedom"
Favorite Movie: "Love Actually"
Person you most emulate (outside of family): Nelson Mandella
Key to success: Strong work ethic and the ability to view and solve problems from multiple vantage points.
If you were to choose another vocation what would it be?: Landscape photographer
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.
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
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
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.