Name: Warren Kirshenbaum
Title: Of Counsel
Company: Orsi Arone Rothenberg Ianuzzi & Turner
Location: 160 Gould St., Needham, MA
Birthplace and year: Johannesburg, South Africa - 1966
Family: Wife, Elizabeth; Children, Marisa, Sammy and Julia
College: University of Witswatersrand, Johannesburg, Bachelor of Comm'l. Business; N.E. School of Law - JD; NYU Law - LLM
First job outside of law: Sold African beaded jewelry in law school
First job in law: Worked for Manhattan attorney Howard Rachlin
What do you do now and what are you planning for the future? Involved in commercial real estate with a focus on workouts, restructuring and distressed assets purchases. Also corp. and business representation including trademark work.
Hobbies: Time with family, sporting events and working out
Favorite book: "The Yankee Years" by Joe Torre
Favorite movie: "Love Affair"
Person you admire most (outside of family): Paul Farfel
Key to success: Know your limitations
If you had to choose another vocation what would it be? Author or professor
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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.
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
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.
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