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Finance
Posted: September 11, 2014
REFA hosts Annual Fall Conference at the Westin on September 5 - Nordby of CoStar Portfolio Strategy delivered the keynote
On Friday, September 5, REFA held their Annual Fall Conference at the Westin. Hans Nordby, managing director of CoStar Portfolio Strategy, delivered a keynote address - providing a positive outlook on the market. Frank Petz, managing director, capital markets of JLL moderated a panel discussion on Boston's Booming Suburban Markets. Justin Krebs, partner, Normandy Real Estate Partners; Edward Marsteiner, partner & director of acquisitions, National Development; Richard Monopoli, vice president, development, Boston Properties and Doug MacLean, senior vice president - commercial lending, First Niagara Bank discussed some of their development projects and the market influences behind the projects.
On Thursday, October 2, Pam Herbst, managing director and head of the direct investment group at AEW Capital Management will be the recipient of the Robert S. Swain Jr. Distinguished Service Award at the 26th Annual REFA Gala!
Herbst joins an elite list in the real estate community of past recipients; most recently mayor Thomas Menino in 2013, Joe Fallon of the Fallon Company in 2012, Thomas Hynes of Colliers International in 2011, and Thomas DeSimone of WS Development in 2010.
The Annual REFA Gala will be held on Thursday, October 2 at Westin Copley Place. Over 500 real estate finance professionals will gather for one of the best networking events of the season!
This fall, REFA will hold many great events including a REFA Fundamentals with Lori Mabardi, research director at JLL on Tuesday, September 16; a members-only luncheon on "How Assembly Row Was Assembled" - featuring Don Briggs of Federal Realty Investment Trust on Thursday, October 9 and an industry leaders luncheon with Anthony Frammartino, principal of The Townsend Group on Tuesday, October 21.
Interested in Joining REFA or learning more about REFA's events? Contact Maggie Collins at mcollins@gbreb.com
We have over 600 followers on Twitter! Join the conversation today @REFABoston.
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Finance
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Quick Hits
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.
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
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.
