News: Finance

Timothy Breda 2009

Name: Timothy Breda Title: Senior Vice President - Office Manager Company: Goedecke & Co., LLC Location: 8 Wright St., Westport, Conn. Birthplace and year: New Haven, Conn., 1961 Family: 3 children College: University of Connecticut, BS, Finance and Real Estate (major) First job outside of real estate: Stop & Shop bagging groceries, shagging carriages First job in real estate or allied field: Commercial real estate appraiser What do you do now and what are you planning for the future? We work with our clients to determine their real estate capital needs and create the best possible solution for those capital needs including debt, equity and all hybrid forms. In the future we hope to expand our market share through additions to our experienced professional team. Hobbies: Exercise, golf, my kids' activities, fishing, UConn. Huskies, N.Y. Yankees Favorite book: "1776" by David McCullough Favorite movie: "Cinderella Man" Keys to success: Passion, perseverance, integrity If you had to choose another vocation what would it be? Run a charitable org.
Tags: Finance
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Columns and Thought Leadership
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.
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
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.