News: Finance

REFA to honor mayor Menino at 25th Annual Gala

The Real Estate Finance Association told their membership last month that mayor Thomas Menino will be the recipient of the Robert S. Swain Jr. Distinguished Service Award at the 25th Annual REFA Gala, to be held Thursday October 17th at Westin Copley Place. The announcement was made on the heels of the mayor's press conference last month in which he decided to not seek a record 6th term as Mayor of Boston, a post he has held since 1993. Mayor Thomas Menino will join an elite list in the real estate community of past recipients; most recently Joe Fallon of the Fallon Company in 2012, Thomas Hynes of Colliers International in 2011, and Thomas DeSimone of WS Development in 2010. The first honoree, Marvin Siflinger, now with Housing Partners, Inc., was honored in 1989 while working for The Massachusetts Housing Finance Authority. REFA has also recognized three families over the course of the award's history. The distinguished service award is named in honor of the late Robert S. Swain, Jr. Mr. Swain gained respect and admiration of his colleagues within the real estate finance industry during his 33-year career in the profession. 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 eventually developed into the present Real Estate Finance Association. The REFA Gala, which perennially attracts over 500 real estate professionals, has long been a celebration of the organizations accomplishments, as well as recognizing an individual who has made significant contributions to the real estate industry as well as the community.
Tags: Finance
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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.
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.