According to Christopher Oddleifson, president and CEO for Rockland Trust, Gerard Nadeau has been promoted to executive vice president, commercial banking. In this role, Nadeau will oversee all commercial banking and commercial credit administration activities for the bank. Nadeau replaces the retiring Ferdinand Kelley, who held the position for the past fourteen years.
Oddleifson said, "Gerry Nadeau has been building long-term relationships with his clients for years. He epitomizes the Rockland Trust brand and we are delighted to have him lead our commercial banking business, as we continue to grow. Gerry was instrumental in helping build our commercial banking business these past 20+ years and I'm confident that he will help us continue to be successful for the next 20."
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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 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.
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.
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