News: Finance

William Suglia 2009

Name: William Suglia Title: Senior Vice President/Division Executive Company: Citizens Bank Location: Manchester, N.H. Birthplace and year: New York City, 1957 Family: Wife, Lisa; children: triplets, John, Will, Cara, and Thomas College: St. Anselm College, BA, Political Science; New York University, MBA First job outside of finance: Parking lot attendant First job in finance or allied field: Commercial real estate lender, Chase Manhattan Bank What do you do now and what are you planning for the future? Manage the commercial real estate group for northern New England, maintain an ongoing book of business relationships; maintain credit stability; make new loans (selectively). Hobbies: Skiing, golf, riding my Harley Favorite book: "The Republic of Suffering" by Drew Gilpin Faust Favorite movie: "Deuce Bigelow" Key to success: Read the fine print. If you had to choose another vocation what would it be? Teacher
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Columns and Thought Leadership
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
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.
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.