News: Finance

Robert Dorfman, President - Dorfman Capital

Name: Robert Dorfman Title: President Company: Dorfman Capital Location: Cotuit, Mass. Birthplace and year: Worcester, Mass., 1951 Family: 4 daughters: Lindsay, Jackie, Stefanie and Caroline College: Tufts University, BA, liberal arts; Boston University, MBA First job outside of real estate: Citizen Group Publications - advertising sales First job in real estate or allied field: National Bank of North America (Bank America) - corporate finance trainee What do you do now and what are you planning for the future? Extreme makeovers, i.e. - finance historic restoration projects which transform communities. Special interest in aquatic and marine preservation. Hobbies: Swimming, boating, nature walking, playing the guitar Favorite book: "The Power of Kabbalah" by Yohuda Berg Favorite movie: "Legend of Bagger Vance" Person you admire most (outside of family): Sarano Kelley Key to success: Expand in the face of contraction If you had to choose another vocation what would it be? Athletic coaching
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Columns and Thought Leadership
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.
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.