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Finance
Posted: October 10, 2007
Washington Trust Co. provides $3.7m financing for 125 acre development
The Washington Trust Company's Commercial Real Estate Group is providing $3.7 million in financing to Great Brook Partner, LLC for the acquisition of 125 acres of land, road development and infrastructure development for a 51 lot residential subdivision to be know as Great Brook located off Gales Ferry Rd. and Daboll Rd.
Great Brook Partner, LLC's members include Thomas Santilli, Peter Santilli and Douglas DeSimone, and was created for the sole purpose of developing the 51 lot residential subdivision.
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Finance
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Columns and Thought Leadership
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
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
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
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.
