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News:
Finance
Posted: February 12, 2009
Robert Nahigian 2009
Name: Robert J. Nahigian
Title: President, New England & Upstate New York Chapter CRE
Company: Auburndale Realty
Location: 335 Auburn St., Newton, MA 02466
Family: Wife, Donna, daughters: Jessie and Kimmie
College: Lehigh University, BA, Government & Urban Studies; Columbia University, Masters, Urban Planning
First job in appraisal or allied field: Property manager for Auburndale Realty
What do you do now and what are you planning for the future? Value by high level educational survival programs; value to local CRE chapter through PR, advisory assignments, profiles and promotion of chapter members. Continue with membership development.
Hobbies: Travel with family, Civil War buff
Favorite book: "Hot Flat & Crowded" by Tom Friedman
Favorite movie: "Gone With the Wind"
Person you admire most (outside of family): Warren Buffet
Keys to success: Continue to reinvent yourself, creative diversification, enhancing relationships, continue to educate yourself
If you had to choose another vocation what would it be? Professional baseball player, second base
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Quick Hits
Columns and Thought Leadership
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
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.
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
