Name: Rocco Quaresima, MAI
Title: President, Connecticut Chapter of Appraisal Institute
Company: FRQ Property Advisors, LLC
Location: 750 Main St., Suite 304, Hartford, CT 06103
Place of birth and year: Hartford, CT - 1967
Family: Single - engaged
College: UCONN - BS Business Administration, Finance
First job in Appraisal or allied field: Reviewer for CBT
What do you do now and what are you planning for the future: Get more younger members involved - bring back camaraderie.
Hobbies: Make wine; cook
Favorite book: "Quantum Success"
Favorite movie: "Shawshank Redemption"
Person you most emulate (outside of family): Chris Italia (appraiser)
Key to success (one idea): Integrity - hard work
If you were forced to choose another vocation what would it be?: Chef
Lynn, MA The city of Lynn’s purchase of the former Eastern Bank headquarters at 195 Market St. is paying dividends in more ways than one. In issuing an RFP in the spring of 2024, the city was seeking to acquire multi-purpose space,
The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
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.
I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
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