 (1).gif)
News:
Finance
Posted: February 8, 2019
Real Estate Finance Association: Installation of president Travis D’Amato
Bank of America Merrill Lynch; Adrienne Maley, REFA; Travis D’Amato,
Walker & Dunlop; Bill Flynn, Net Lease Capital
Boston, MA On Thursday, January 24th, over 100 members gathered for the Greater Boston Real Estate Board’s (GBREB) installation of officers, where Travis D’Amato, SVP and managing director, Walker & Dunlop, was sworn in to his role as 2019 REFA president. Erika Clarke, vice president- commercial property management, National Development and 2019 GBREB chair took the oath of office and presided over the meeting, swearing in five division presidents and three officers, including Andy Rosen, senior vice president – commercial real estate banking, Bank of America Merrill Lynch, 2015 REFA president.
On Wednesday, January 16th, over 150 members and guests attended the Annual Forecasting Luncheon which was held at WilmerHale. The program included industry leaders, including keynote speaker Dr. Mary Burke, senior economist, Federal Reserve Bank of Boston; moderator Travis D’Amato, and speakers Pam Herbst, managing director, AEW Capital Management; Gary Magnuson, head of commercial real estate, Citizens Bank; and Eric Schlager, CEO, The Bulfinch Cos.
On Thursday, February 28th REFA will be hosting a program on “CRE Tech in Practice.” The program will be moderated by Bill Nowacki, managing director - decision science, KPMG. Panelists include: Maureen Joyce, director, AEW Capital Management; Hisham Kader, EVP and CFO, GID Investment Advisers LLC; and Jim Whalen, SVP, chief information & technology officer, Boston Properties. The program will be held at Morgan Lewis, One Federal St., from 7:45 – 9:15 a.m.
On Wednesday, March 20th, REFA will host a fundamentals on “Loan Documents.” Wendy Fiscus, partner, Nutter and Mandy Eckhoff, partner, Robinson + Cole LLP will be co-hosting this program to provide participants with the basic fundamentals and key elements of loan documents.
Please save the date for REFA’s Annual Events:
• REFA Charitable Golf & Tennis Tournament: Monday, July 22nd at Dedham Polo and Country Club.
• 31st Annual REFA Gala: Thursday, October 17th at the Westin Copley Place.
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.
 (1).gif)
Columns and Thought Leadership
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.
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.
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
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
