Spotlights

Preventive legal medicine to avoid shareholder disputes: workable fair-value buy-sell agreement - by Roger Durkin

Durkin Law defends licensed real estate appraisers and CPAs who are charged with violation of license board regulations.  Durkin Law also represents shareholders,  partners, and LLC members in business ownership disputes. Shareholder legal disputes involve freeze-outs and/or a form of fiduciary embezzlement wherein

From the real estate investors’ perspective: 1031 exchange or Opportunity Zone? - by Patricia Flowers

The final regulations are not out yet, but it’s‚ becoming clear that the 1031 Tax Deferred Exchange and the Opportunity Zone Fund (OZFs) are two very different programs that will be used for two different types of investments.   One of the most talked about programs to come out of the Tax Cuts and Jobs Act

Batter Up! Every financial decision you make has at least some tax consequence - by Paul Dion

Choosing where to live is one of the most important decisions we make on this journey we call life. Do we embrace the familiar comfort of the small town where we grew up, or do we strike off for fame and fortune in the big city? Do we celebrate new advances in home snowblower technology, or do we opt-out of winter entirely

New England Real Estate Journal's
2019 Women in Construction

Norwell, MA The New England Real Estate Journal recently honored women specializing in Construction. The March 29th Spotlight edition shares insight into today’s construction industry from a woman’s point of view.

New England Real Estate Journal's 2019 New England Industrial Development Resource Guide

Check of the New England Real Estate Journal's 2019 New England Industrial Development Resource Guide here!

Managing in this diverse and changing CRE world... a property manager’s perspective - by Chris Mellen

I’m going to be a bit of a contrarian when it comes to forecasting the outlook of the real estate market especially now that we’re going into our 10th year of this up cycle that we’ve been enjoying. This tendency comes out of my more than three decades in property management, however, contrary to popular belief, upturns or down, we property managers can always realize improvement and increase value. So being a contrarian makes no difference and all signs really do indicate a solid 2019 that everyone…. seems to be forecasting. 

Soothsayers expect this year to set the stage for the next couple of years. It should be interesting - by Dennis Serpone

The Pope is sitting in his office. Knock at the door. Come in. A man walks up to the Pope and introduces himself. “My name is Frank Perdue. I’d like to donate $1 million anonymously.” The Pope thanks him. “However, it’s conditional on changing one word in the Lord’s Prayer. I’d like you to change...Give us this day our daily bread, to give us this day our daily chicken.” The Pope can’t believe what he’s hearing and explains that these are God’s words. They can’t be changed.

Don’t hire a generalist for special-purpose properties! - by Jeffrey Dugas

As someone who has worked with the golf industry for the past 25 years I have seen my share of appraisal reports prepared by general certified appraisers with limited experience. I have found them to be almost universally subpar, no pun intended. Golf course appraisal is more difficult than most people realize, because it accounts for appraisal theory not found with office, retail, industrial or apartments. This article touches on the nuances we encounter daily when working on this specific property type and the mistakes made by those lacking experience.

Maine office market overview - by Nate Stevens

The strong office market throughout Greater Portland continued in 2018 as vacancy rates fell for the ninth consecutive year. A survey of 347 Class A and Class B office buildings, totaling just over 12.4 million s/f, in seven submarkets, found that the total vacancy rate, including sublease space, fell to 4.18%, down from 4.4% in 2017 and the lowest rate since 2000. Four out of the seven submarkets had a drop in vacancy with the remaining three showing little increase. Several large transactions shaped the majority of the movement in most submarkets, and the popularity of downtown Portland continues.

Let’s just let the American people do their thing and not worry about all the craziness - by Earle Wason

For the third year in a row I have the opportunity to consider the New Year’s forecast for the hospitality industry here in New England. In preparing for writing this article I reviewed my last two years and my expectations for the year ahead for both years were consistent and in line with my thinking. We were all watching our economy grow, stock market hitting record highs and hotel revenues benefitting by it. Well operated hotels throughout New England enjoyed very good years in 2017 and 2018.