Name: Michael Sinclair
Title: Chair - Massachusetts Mortgage Bankers Assn.
Company: Hingham Institution for Savings
Location: 55 Main St., Hingham, MA
Birthplace and year: Boston - 1962
Family: Wife - Kim; Son - Danny
College: New England College of Finance - Associate in Banking; MBA - Fairfield University
First job in finance or allied field: Teller at Quincy Savings Bank
What do you do now and what are you planning for the future: Maintain the MMBA's present path; exchange information with members; stay active with regulators.
Hobbies: Time with family, NE Patriots football
Favorite book: Anything by John Grisham
Favorite movie: "Star Wars"
Person you most emulate (outside of family): John F. Kennedy
Key to success (one idea): Work hard; keep you eye on the ball
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
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.
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 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.