 (1).gif)
News:
Finance
Posted: October 11, 2012
Suglia and Smith join Salem Five Bank as vice presidents
According to Salem Five Bank president and CEO Joseph Gibbons, Bill Suglia has been appointed to the position of senior vice president and commercial real estate loan officer.
Prior to joining Salem Five, Suglia worked as a senior vice president and division executive of commercial real estate at Citizens Bank responsible for managing the northern New England market including New Hampshire, Maine and Vermont.
Also, Allison Smith has been appointed to the position of vice president and senior portfolio manager in the commercial real estate division.
Smith was formerly a senior vice president in the commercial real estate division at Citizens Bank. Prior to this role she served as the vice president of credit review.
Smith holds a bachelor of science degree in education from St. Lawrence University. She has served on the boards of several charitable foundations in New Hampshire and is actively involved in civic organizations in Bedford, NH, where she currently resides.
Tags:
Finance
MORE FROM Finance
C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $40m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
 (1).gif)
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.
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
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.
