News: Finance

Real Estate Finance Association Golf Tournament and gala honorees named

Boston, MA The Real Estate Finance Association (REFA) has named this year’s honorees for the 30th Annual Gala event. 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 Company 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.

The 30th Annual REFA Gala will be held on Thursday, October 11 from 5:30 - 9:00 p.m. at the Marriott Copley Place. 

On July 23, REFA will host its 15th Annual Charitable Golf & Tennis Tournament at Dedham Country & Polo Club in Dedham, Mass., benefiting FamilyAid Boston and Rosie’s Place. FamilyAid Boston has been providing shelter, housing, and hope to families since 1916 and is the leading provider of solutions to family homelessness in Greater Boston. Rosie’s Place is the first emergency shelter for women in the United States. The mission of Rosie’s Place is to provide a safe and secure environment for poor and homeless women to maintain their dignity, seek opportunity and find security in their lives. Close to 130 REFA members and guests will participate in the golf outing, golf clinic and tennis tournament, followed by a reception and awards dinner. 

REFA’s second Fundamentals Education program of the year will be held on July 17 on the topic of “Acquisitions and Dispositions” with moderator Amanda Eckhoff, partner, Robinson + Cole LLP and speakers Eric Lemont, partner, Sullivan & Worcester LLP and Eric Allon, partner, Bernkopf Goodman LLP. The panelists will provide an overview of key provisions of commercial purchase and sale agreements from both the seller’s and buyer’s perspective and also discuss what is “market” when negotiating such provisions. The program will be held as a luncheon from 12 - 1:15 p.m. at Sullivan & Worcester LLP, One Post Office Sq. in Boston. 

Tags: Finance
MORE FROM Finance

Kozlowski of Newmark Capital Markets secures $115.6m financing for two properties

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
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.
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
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