Name: Richard Simmons Jr., RA
Title: President, Massachusetts Board of Real Estate Appraisers
Company: Town of Lynnfield Assessor's office
Location: 55 Summer St., Lynnfield, Mass.
Birthplace: Gardner, Mass.
Family: Divorced
College: Nasson College, Springfield, Maine - BA English Literature
First job outside of appraisal: Sales at Eastern Mountain Sports
First job in appraisal or allied field: Joined Simmons Associates in 1981 with my father.
What do you do now and what are you planning for the future? Maintain the organization, increase membership and its presence regionally.
Hobbies: Backpacking, downhill skiing and bicycling.
Favorite book: Elizabethan drama
Favorite movie: "One Flew Over the Cuckoo's Nest"
Person you emulate (outside of family): Allan Caprone
Key to success: Due diligence and hard work.
If you were to choose another vocation what would it be? Own a bicycle touring company.
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.
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
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.
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.