 (1).gif)
News:
Finance
Posted: June 9, 2017
Suglia named president of Bank of New England
Salem, NH The board of directors at Bank of New England have appointed Bill Suglia as its new president. Suglia who joined the bank a year ago is a seasoned real estate professional and bank executive who brings more than 30 years of lending and credit management experience, with extensive knowledge of both the New Hampshire and metro Boston markets.
Prior to joining Bank of New England, Suglia was a senior vice president and division executive at Citizens Bank and most recently worked at both Salem Five and Eastern Bank as a senior loan officer.
Suglia holds a bachelor of arts degree from St. Anselm College and an MBA from Long Island University.
Suglia and his wife Lisa currently reside in Andover, Mass., where they raised four children.
Bank of New England is a locally owned, privately held commercial bank specializing in real estate project finance with nine retail branches located in Merrimack Valley and Southern New Hampshire.
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)
Columns and Thought Leadership
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.
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
