News: Finance

Real Estate Finance Association 2018 Gala and Fall Conference

Over 130 golfers joined REFA for the Annual Charitable Golf Tournament 

 

Paul Ayoub of Nutter, McClennen & Fish LLP, 
and the 2018 REFA president along with John Roach, PNC Bank

 

Boston, MA On July 23, the Real Estate Finance Association (REFA) hosted its 15th Annual Charitable Golf & Tennis Tournament at Dedham Country & Polo Club in Dedham, Mass., benefiting FamilyAid Boston and Rosie’s Place, two organizations within the city whose missions are to help end homelessness. Over 130 REFA members and guests participated in the golf outing and tennis tournament, followed by a reception and awards dinner.  

REFA’s Annual Summer Panel & Reception was held on Wednesday, August 1 at Goulston & Storrs. 100 REFA members and guests gathered as the panel of industry leaders led a discussion on “WeWork and Co-Working: The Impacts on Real Estate Capital Markets.” Matt Pullen, executive managing director, Newmark Knight Frank moderated the discussion with speakers Steven Binswanger, director, Eastdil Secured, Bryan Koop, executive vice president, Boston region, Boston Properties and Peg Mulcahy, senior vice president, Bank of America Merrill Lynch. The program was followed by a reception on Goulston & Storr’s outdoor patio. The Annual Summer Panel & Reception event is put on every summer by REFA’s Emerging Leader group. 

REFA will hold its 30th Annual Gala on Thursday, October 11 from 5:30 - 9:00 p.m. at the Marriott Copley Place. David Manfredi, CEO and founding principal, Elkus Manfredi Architects and Elizabeth Lowrey, principal, Elkus Manfredi Architects, will be awarded with the 2018 Robert S. Swain Jr. award, REFA’s Distinguished Service Award. Manfredi and Lowrey join an elite list of past recipients including:  Stephen Karp and Steven Fischman of New England Development in 2017, John Drew of the Drew Co. in 2016, Bryan Koop of Boston Properties in 2015, Pam Herbst of AEW Capital Management in 2014, mayor Thomas Menino in 2013, and Joe Fallon of the Fallon Company in 2012.

In honoring Manfredi and Lowrey, Elkus Manfredi Architects becomes the first architecture firm to be recognized among a distinguished list of New England-based companies.  

The REFA Distinguished Service Award is named in honor of the late Robert S. Swain, Jr. In his 33-year career in the real estate finance profession, Swain gained the admiration and respect of his colleagues throughout the real estate finance industry. He was a valued member of the Greater Boston Real Estate Board for over 25 years and was an active member and leader of the mortgage finance committee, which developed into the present Real Estate Finance Association. This award is an annual recognition of an outstanding contribution made to the real estate industry either by lifetime example or specific achievement.

Save the date for REFA’s Annual Fall Conference being held on Friday, September 28 at the Boston Harbor Hotel. The event will include a keynote presentation followed by an in-depth panel discussion on the topic of “Commercial Real Estate Disruptors: Then, Now and the Future.” Join 200 REFA members and colleagues for a morning of networking and education as they hear from the city’s industry leaders on how commercial real estate has and will continue to be disrupted by technology, industry trends and the economy.  

REFA hosts 30 programs and events per year with the help of its committees. Interested in helping develop and shape a program while networking with other REFA members? If so, they encourage committee participation. There are several committees to choose from, including: Annual events committee, emerging leaders committee, golf committee, membership committee, programs committee and the strategic programming committee. Join today and grow your network with REFA! 

Tags: Finance
MORE FROM Finance

Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.