Rudnick joins Citi Comm'l Business as VP and loan officer

Citi's Commercial Business Group has appointment Robert Rudnick as vice president and senior loan officer for its commercial real estate finance loan production office within the commercial business group's Boston location. Rudnick joins Citi from Boston Private Bank & Trust Company to support the commercial business group's real-estate lending efforts within the growing Boston marketplace. He brings more than 15 years of commercial real estate lending experience to the firm. Citi provides permanent loans on income producing properties, both multifamily and commercial, using fixed and variable-rate loan programs.

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JLL arranges $13.5m sale and financing of 96-room Residence Inn

Danvers, MA JLL Capital Markets arranged the $13.5 million sale and financing of the 96-room Residence Inn Boston North Shore/Danvers, an extended-stay hotel with approved conversion rights to an 88-unit multifamily residential community. The property is located at 51 Newbury St., 20 miles north of Boston.

Rockland Trust Foundation awards $50,000 grant

M&T Realty Capital Corp. closes $31.9 million bridge financing

MassDevelopment, Nuveen Green Capital, and Millennium Partners finalize $281m financing for Millennium Residences

Mark your calendar: RE&FA’s biggest fall events are coming

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The Hamilton Company enters lease agreement with SOVE at 62 Boylston St.

Columns and Thought Leadership

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

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

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.

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.