Category: Appraisal & Consulting

Barrington, MA Tom Boyle of the Hartford, CT office of Chozick Realty has completed the marketing and sale of the 66-unit Beechtree Commons Apartments for $7.95 million or $120,454 per unit.

Burlington, MA Erland Construction, in collaboration with Nordblom Company and Maugel DeStefano Architects, has completed the transformative upgrade of 18,000 s/f at 45 Blue Sky Dr. for Myomo, a leader in orthotics and prosthetics robotics.

Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19^th at the Babson Executive Conference Center in Wellesley, Mass.

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Long awaited, the Federal Reserve dropped the “benchmark” federal funds rate to the 4.75 to 5% range, a 50 basis point drop. The statement from the Fed’s rate-setting committee noted the decrease was made “in light of the progress on inflation and the balance of risks.

The Counselors of Real Estate (CRE) did not disappoint in NYC. Out of the box at the annual meeting of the CRE, NYC is active, if not vibrant. A grand variety of sub market volcanic eruptions. The five Burroughs are caring and sharing. And transactions are occurring and activity ramping.

It’s been only about six months since I wrote an article on why remote work was here to stay, a way of life. The data showed that, at a minimum, working from home would be most of the time, with perhaps only a few visits to the office to catch up, meet up, and see what’s new.

It’s not a generalization to say that appraisers and the appraisal profession are deliberative, and can be hesitant to change without proven reasons to do so. But change is here. Appraisers are now faced with evaluating AI technology and how the technology can-and-will-impact appraisal theory and practice. This technology has evolved in the past couple of years to have capabilities that appraisers can use to their advantage.

Connecticut, often recognized for its picturesque landscapes, quaint towns, and proximity to major metropolitan areas, has been a desirable place for property owners, especially for those investing in apartment buildings. However, recent years have seen a significant rise in apartment tax assessments,

Fall is a time for change. The last summer romp and first frost, at least in the northeast. A good time to take a leap forward. Pardon the shorthand and flagrant redundancy, deliberated to reflect the rhythm that is apparent.