Zaval and Lambert join FNF 1031 Exchange Services, Inc. - N.E. office
According to FNF 1031 Exchange Services, Inc., Edward Zaval has joined the company's N.E. office as vice president and regional manager, and Mary Lambert has joined the company as a senior exchange Coordinator, servicing this region's needs in section 1031 like kind exchange transactions.
Zaval's 1031 transactional experience includes individual and corporate exchanges of real estate, as well as office and industrial equipment, triple-net properties and other 1031-eligible property. His articles have appeared in the New England Real Estate Journal.
Lambert has considerable experience in the field, being previously associated with two institutional qualified intermediaries, and works closely with attorneys and other professional advisors in processing exchange documentation for diverse like kind structures.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
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
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.
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 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.