 (1).gif)
News:
Finance
Posted: July 14, 2023
Winchester Savings Bank appoints Salehpour and Cotter to board of trustees
Winchester, MA According to John Carroll, president and CEO of Winchester Savings Bank (WSB), they have appointed Sara Perkins Salehpour and Paula Cotter to the board of trustees.
Dr. Salehpour is a dentist and co-owner of practices in Arlington and Cambridge. She has been a WSB corporator since 2017.
“Sara is a long-time Winchester resident and small business owner,” Carroll said. “She is engaged in our community and cares deeply about making it a special place to live and work. Her experience owning a dental practice will provide great insights to our team as we continue to grow.”
Cotter has more than 20 years in banking, most recently at East Boston Savings Bank. She has extensive experience in a variety of areas, including operations, mortgage lending, and marketing.
“Paula has a depth and breadth of banking knowledge that will be invaluable to our board,” said Carroll. “We have exciting plans for growing this amazing bank, and her expertise will be incredibly helpful.”
Founded in 1871, WSB is a mutually chartered, independent, community bank offering a full line of products and services for individuals and businesses.
Tags:
Finance
MORE FROM Finance
From the mayor’s office to the World Cup: A dynamic season at RE&FA
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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
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
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.
