Name: Ted Sidel
Title: Managing Director
Company: Eagle Bridge Capital
Location: 33 Broad St., 9th Floor, Boston MA 02109
Place of Birth: Boston, Mass.
Family: Wife Michelle, two boys ages 8 and 3
College: Union College-BA Economics; BU Real Estate School-diploma in Real Estate Studies
First Job in Finance or Allied Field: Spectrum Financial-associate director
What do you do now and what are you planning for the future: We arrange debt and equity financing for commercial real estate. Going forward, we will continue to operate a small boutique firm serving a select group of clients.
Hobbies: Golf, coach hockey and baseball for my kids, fishing
Favorite book: Anything finance, business or entrepreneur related
Favorite movie: Old School
Person you most emulate (outside of family): Warren Buffet
Key to success: Common sense approach; honesty and be in the right place at the right time.
If you were forced to choose another vocation, what would it be? Making venture capital investments for my own account.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
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
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.
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.