Massachusetts real estate trade groups launch a campaign against Governor Healey’s proposal to tax high-dollar home and commercial real estate sales to fund affordable housing, citing concerns over increased housing costs and unreliable funding.
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Real estate developer Sam Mizrahi has filed a lawsuit against Edward Rogers and Constantine Enterprises Inc., alleging obstruction and financial losses in their joint condo projects. The lawsuit seeks $100 million in damages and accuses the defendants of breach of contract, negligence, and breach of fiduciary duty. Constantine disputes Mizrahi’s claims, asserting that he agreed to share project losses equally.
A spacious property located at 4 Iroquois Lane in Wilbraham was sold on April 5, 2024 for $770,000. The two-story home boasts 4,302 square feet of living space, featuring four bedrooms and four bathrooms. Built in 1996, the home features a gable roof frame with asphalt roofing materials, a cozy fireplace, forced air heating, and a cooling system. The property includes a garage and sits on a generous 1.4-acre lot.
Cottage owners are rushing to sell their properties before proposed changes to capital gains taxes take effect on June 25th. The new rules would raise the inclusion rate on capital gains greater than $250,000 from 50 percent to 66.7 percent. This means that individuals who sell a second property after the new rules take effect would pay a higher rate of tax on the profits from the sale. Realtors say they are seeing a flood of clients looking to speed up the selling process in order to avoid the higher tax bill.
The LMP Capital and Income Fund (SCD) has consistently outperformed its benchmark and peer group, delivering strong returns over the years. Its portfolio composition is well-positioned for the current economic environment, with overweights in energy, real estate, and value-oriented stocks. While the current discount to NAV is near historical highs, SCD remains an attractive long-term investment. Its focus on MLPs and REITs sets it apart from peers who are more heavily allocated to tech stocks or high-yield fixed income vehicles. However, higher expenses and a potential impact on distributions in the short term warrant caution.
Maya Jarvis has parted ways with the Oppenheim Group, following in the footsteps of former cast members Brett Oppenheim and Jason Oppenheim. The news comes amid ongoing cast changes on the hit Netflix reality series Selling Sunset. Jarvis’s departure marks the latest in a series of high-profile exits from the firm, as several other cast members have moved on to new ventures in recent months.
Two homes were sold in Teaneck, New Jersey, from April 15 to April 21. The median sale price was $745,000 for a 1,568-square-foot home on Howard Street. The other home, located on Garden Street, sold for $310,000 and has 1,578 square feet of living space.
Two home transfers were reported in the Woodbridge area from April 15 to April 21, with a median sale price of $380,000 for a 1,500-square-foot home on Lyman Avenue. Notable transactions include:
* 181 N. Hill Road, Colonia: $350,000, 1,494 square feet ($234 per square foot)
* 540 Lyman Ave., Woodbridge: $380,000, 1,500 square feet ($253 per square foot)
During the period of April 15 to April 21, there were 11 home transfers in Winslow, including 4 in Hammonton and 7 in Sicklerville. The median sale for the area was a 1,521-square-foot home on Hay Road in Hammonton that sold for $280,000. The most expensive home sold was a 2,983-square-foot property on Scenic Point Circle in Sicklerville, which sold for $540,000.
Five home transfers were reported in the Middletown area from April 15 to April 21, with a median sale price of $600,000 for a 723-square-foot home on Ocean Avenue in North Middletown. Notable transactions include:
– 181 Everett Road, Lincroft: $925,000 for 1,652 square feet ($560 per square foot), three bedrooms, and three bathrooms.
– 4 Westminster Lane, Middletown: $560,000 for 2,067 square feet ($271 per square foot), three bedrooms, and three bathrooms.
– 363 Atlantic Ave., North Middletown: $420,000 for 1,334 square feet ($315 per square foot), two bedrooms, and one bathroom.
– 120 Ocean Ave., North Middletown: $600,000 for 723 square feet ($830 per square foot), one bedroom, and one bathroom.
– 40 Coleman Place, Red Bank: $735,000 for 1,844 square feet ($399 per square foot), three bedrooms, and two bathrooms.