Name: Sheryl Dennis
Title: Partner
Company: Fields and Dennis, LLP
Location: 20 Williams St., Suite 165, Wellesley, Mass.
Birthplace and year: Wakefield, Mass., 1952
Family: Husband Hugh Ferguson; son Nicholas
College: Methodist College - BA Potlitical Science; New England School of Law - JD; Western New England College School of Law - LLM
First job in finance or allied field: Associate at Tucker, Biegel, Spezial & Associates
What do you do now and what are you planning for the future? Our practice is focused on real estate, estate planning and litigation.
Hobbies: Skiing, vintage cars and reading.
Favorite book: "Midnight in the Garden of Good and Evil"
Favorite movie: "Year of the Comet"
Person you admire most (outside of family): Karl Rove; Benjamin Netanyahu
Keys to success: Focus and concentration
If you had to choose another vocation what would it be? Archeology
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.
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.
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
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