Category: Finance

The turbulence in the economy, in spite of extraordinary resilience, has dominated the media. Commercial property is an economic derivative, and, accordingly, is impacted by the macro trends. Performance is also property by property, and the bottom line is dependent upon micro trends. Like the weather, climate change, and innovation. All subject to change, and the stewards of the built environment must be nimble, must be quick.

Having been a commercial real estate appraiser for over 40 years, I’ve experienced numerous market corrections and the impacts of various governmental agencies’ changing fiscal and economic policies. For many years, I focused on the valuation of retail real estate, and I can recall delivering a speech to about 400 attendees of a UConn conference explaining the potential impact of the burgeoning online retail market on the existing supply of retail real estate.

The official Counselor of Real Estate report on “10 trends to watch for in 2024” will be out shortly, written by economic experts and practitioners. In the meantime, I have my own projections, based upon research, as well as persistent reviews over many years in real estate.

In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.

Hanover, MA Rockland Trust Company has appointed Joe Wadlinger as senior vice president and commercial regional executive. In this role, Wadlinger will lead the bank’s commercial banking division north of Boston and coordinate overall business efforts across the region.

Boston, MA The Real Estate Finance Association (REFA) has named its Board of Directors for 2024. Ravi Ragnauth, partner, Berkshire Residential Investments, will serve as president, along with president-elect Jill Sharif, VP, national business development, Commonwealth Land Title Insurance Company NCS, and treasurer John Roach, commercial real estate manager, U.S. Bank.

Boxborough, MA Campanelli is further expanding The Park at Beaver Brook. Campanelli has secured a $38.2 million construction loan from Cambridge Savings Bank, a full-service mutual bank with more than $6 billion in assets. The financing package

Worcester, MA JLL Capital Markets has arranged $35 million in financing for The Arbella at Bramble Hill, a to-be-built, 123-unit, active adult seniors community. JLL worked on behalf of the borrower, UW Senior, LLC, through the developer,

strong>Bourne, MA Nonprofit Preservation of Affordable Housing (POAH) has secured more than $12.5 million in financing from Rockland Trust for the construction of Cape View Way, LLC, a 100% affordable housing development. Cape View Way will be designed to Passive

It’s official. The first new edition of The Uniform Standards of Uniform Standards of Professional Appraisal Practice (USPAP) since 2020 is here. Do I sense a Big Yawn? Stay alert, this is some interesting stuff.

Having had the experience of working in public accounting and studying tax law in graduate school, combined with working in the appraisal profession for nearly 40 years, I have come across a great many instances where the appraiser becomes an important person in the lineage

Many authors, including myself, have been writing about the need for more, and more affordable housing. The amount needed varies significantly by different reports. Fannie May says 4.5mm; Realtor.com figures 6.5mm; National Low Income Housing Coalition reports