Name: Michelle Abel
Title: Director, Tax
Company: PwC US
Location: Boston, MA
Birthplace: LaCrosse, WI
Education: J.D. University of Wisconsin - Madison; B.A. Luther College
First job outside of real estate: Shop girl at a surf shop in Stone Harbor, NJ
First job in real estate or allied field: Working in the fixed assets practice at PwC while flipping residential real estate at night and on weekends.
What do you do now and what are you planning for the future? Currently working with clients who have significant investments in tangible fixed assets (e.g. office space, retail space, hotels, lab or manufacturing facilities), to ensure the maximum tax benefits from accelerated depreciation through cost segregation, fixed assets and repairs & maintenance analyses, and section 179D deductions for energy efficient property. These services provide my clients with increased cash flow and the documentation necessary to support their deductions under exam from the IRS or state taxing authorities. Plans for the future include growing the Northeast fixed assets practice at PwC.
How do you unwind from a busy day in real estate? A short run, a tall glass of wine, and on-line shopping without shame.
Favorite book or author: Biography of Steve Jobs by Walter Isaacson - he really did change the world!
Favorite movie: E.T.
Last song you downloaded? Burn - Ellie Goulding
One word to describe your work environment: Energetic
Rules to live by in business: Take risks - to be someone you've never been, you must do something you've never done.
If you could invite one person to dinner (living or dead) who would it be and where would you go? Richard Branson - we would have sushi at O Ya!
What is your dream job? Architect
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.