News: Finance

The REFA 2013 Recap: Membership is at an all-time high

The Real Estate Finance Association (REFA) saw one of its most successful years in 2013. With membership and corporate sponsorships at an all-time high, there is not a better time to be a part of REFA! 2013 Highlights include: * Membership is at an all-time high with 550 members and 67 corporate sponsors. * Close to 600 members of the REFA community celebrated the 25th Annual REFA Gala and honored mayor Thomas Menino with the Robert S. Swain Jr. Distinguished Service Award. * REFA Golf Outing which saw record attendance and raised $24,000 for two local charities. * 27 quality programs and events that featured distinguished speakers such as Pamela Herbst, AEW Capital Management LP; Tod McGrath, MIT; Tom DeSimone, WS Development; Andy Hoar, CBRE | New England; and Michael Labelle, Boston Properties. In 2014, REFA will continue to offer quality programming and quality networking opportunities. We look forward to growing our membership and working together to help make REFA Boston's leading commercial real estate business association. Please join them for their Annual Forecasting Luncheon on Wednesday, January 15 at WilmerHale LLP. Frank Petz, Frank Petz of Jones Lang LaSalle will moderate the panel discussion which will give insight into the outlook for the real estate industry in 2014. Confirmed panelist for the program include Alicia Sasser Modestino from the Federal Reserve Bank of Boston, and Anthony Pangaro from Millenium Partners.
Tags: Finance
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Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT

East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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Are appraisers on the same page as the assessor? - by Richard Seman

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

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
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.