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Articles in "The CRE Insider, August 2012"
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New Tax Rules Catch CRE Industry By Surprise (posted 08/28/12 at 9:48am)
New repair versus capitalization regulations have some property owners scratching their heads, while others are still unaware of the temporary regulations they should now be following. From an accounting perspective, however, significant changes in the tax treatment of property repairs and improvements could have a direct impact on the bottom line this year and in future years for those in the real estate industry.
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Collaboration, Not Witchcraft, Transforming Salem (posted 08/27/12)
Public/private partnership. Creative problem-solving. The descriptions sound almost hackneyed, but Salem’s renaissance demonstrates how the collaboration between the public and private sectors can lead to tremendous improvements.
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North Shore Rental Complex Construction On The Rise (posted 08/27/12)
Over the past few years, the decline of the housing market and tightening consumer credit guidelines have made it increasingly difficult for homebuyers to qualify for financing. Additionally, due to the economic downturn, many would-be homeowners are continuing to rent. As the “renting generation” ages, their choice to rent rather than buy should positively affect local construction, real estate and lending companies.
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Arts & Cultural District Planned In Beverly (posted 08/27/12)
Stephen D. ImmermanMontserrat College of Art in Beverly, Massachusetts, is, as our tagline says, “Where Creativity Works.” Not only are we producing the next generation of creative thinkers and visual communicators, we are also investing in efforts underway to enhance the vibrancy of the economic and cultural environment in downtown Beverly, and throughout the North Shore’s creative economy. This is thanks in part to a generous planning grant from the National Endowment for the Arts (NEA).
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Comings, Goings At Cummings Center (posted 08/27/12)
Few people know the ins and outs of Cummings Center in Beverly like Stephen Drohosky. He started his CRE career with Cummings Properties in 1997 after five years spent practicing commercial litigation as a lawyer. Drohosky initially joined Cummings as litigation counsel, but after putting the bug in company founder Bill Cummings’ ear that he was interested in moving to the business side of things, two years later he became operations manager for the company. Then director of operations. And finally in 2006, he started his current job as general manager responsible for all daily operations in Beverly, including leasing, operations, construction and customer service. He oversees about 150 client firms, as well as about 100 people on his staff.
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CDC Brings Affordable Housing To North Shore (posted 08/27/12)
North Shore CDC seeks to positively impact the communities on the North Shore in which we work by creating great neighborhoods and cultivating leadership, opportunity and investment by others.