MEREDA’s “Morning Menu” Breakfast Event: ” Protecting Your Property – Hot Topics in Estate and Retirement Planning for Real Estate Investors”

BreakfastLogoJoin the Maine Real Estate & Development Association (MEREDA) for breakfast on October 28 from 7:30 – 9:00 AM at the Clarion Hotel, 1230 Congress Street in Portland as two top financial experts discuss ways to protect your property through estate & retirement planning.

Did you know….. In 1974 the IRA was designed to be a self-directed retirement plan that provides tax deferred growth and was intended to provide the freedom to invest in an abundance of assets.  But somewhere along the way, one of the most important concepts of owning an IRA was lost, the concept of self direction and investing in assets that best suit the individual investor.  Assets such as real estate, promissory notes, businesses, live stock, assets that the investor knows and understands.

Many investors have been falsely misled to believe that the stock market is not only the best place but the only place to invest retirement money. There are many different permissible investments, investments beyond the traditional stock market which may suit different investors.  Laurie Bachelder of Freedom Wealth Advisors will provide an overview that will  include plan investments, prohibited transactions, types of retirement accounts, disqualified persons, leverage and more.

Separately, real estate investors face particular challenges in employing common estate planning techniques.  Income tax planning obstacles such as loss carryovers, phantom income, and negative capital provide significant traps for the unwary.  Many estate planning techniques fail to take into consideration such income tax concerns, which are not prevalent for other types of business and investment interests.

Baker Newman Noyes’ Jean McDevitt’s presentation will focus on avoiding pitfalls at the intersection of income and estate tax, and highlight ideas for planning with real estate holdings.  Jean will discuss these estate planning hazards as well as introduce a planning opportunity for those with an appetite for the complex.

Registering for this Event:
Your RSVP is requested by October 22, 2014. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after October 22.

Ticket Prices:
Members: $45.00 per person | Non-Members: $55.00 per person.
Prices increase by $10 after October 22.

Visit www.mereda.org for more information and to register.

This MEREDA “Morning Menu” Breakfast Event is Sponsored by Norway Savings Bank and Baker Newman Noyes.

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Hiring a Commercial Real Estate Appraiser

So you find yourself needing to have a real estate appraisal performed by a certified appraiser in order to obtain a loan for a purchase transaction. Here are a few things you should know:

As defined by the Uniform Standards of Professional Appraisal Practice (USPAP), the Client is

The party or parties who engage, by employment or contract, an appraiser in a specific assignment. “1″

Federal banking regulations require that a “financial institution” actually order the appraisal and thus be the Clientof the appraiser.  This is an important distinction to note.  Yes, you are paying (the bank) for the appraisal, however you are not the Client – the bank is. An appraisal for a federally related transaction (basically a real estate loan at/above $250,000) must be prepared directly for a financial institution. The Interagency Appraisal and Evaluation Guidelines state:

Read more >>>

“1″ The Uniform Standards of Professional Appraisal Practice, 2014-2015, published by the Appraisal Foundation, Page U2

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Maine Real Estate & Development Association (MEREDA) Hosts Annual Fall Social on October 23 on Portland’s Waterfront

Sponsored by:  Bangor Savings Bank, Preti Flaherty, and Libby Hill

When:  October 23, 2014 | Time:  5:00 – 7:00 PM

Where: Hilton Garden Inn, Portland Downtown Waterfront, 65 Commercial St., Portland, ME

About the Event:
Join MEREDA for Hors d’oeuvres, Spirits, and Lively Conversation with Colleagues, Friends and other Industry Professionals on Portland’s Waterfront.  This must-attend event sells out every year, so be sure to register early!  MEREDA’s networking events are not only fun — they are an extremely valuable business development tool.

Registering for this Event:
Your RSVP is requested by October 17, 2014. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after October 17.

Ticket Prices:
Members: $45.00 per person
Non-Members: $60.00 per person
Prices increase by $10 after October 17.

Visit www.mereda.org to register online.

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Appealing FEMA’s Newly Proposed Flood Maps

The roll-out of newly proposed flood insurance rate maps could hinder the rights of owners to develop their properties or dramatically increase insurance costs. In the coming weeks, communities across New England in close proximity to bodies of water will receive preliminary Federal Emergency Management Agency (FEMA) flood insurance rate maps.  In many instances, the new maps will shift flood zones further inland and upland, including more homes and businesses in high-risk zones.  Also troubling are the escalating rates for flood insurance. 

Read more >>>

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MEREDA’s “Morning Menu” Breakfast Event: Environmental Challenges Associated with Historic Redevelopment Projects

BreakfastLogoMaine’s State Historic Preservation Tax Credit has focused many development projects on the historic buildings in Maine, many of which were otherwise neglected, vacant and underutilized.  However, these older buildings contain environmental challenges that need to be addressed as part of the redevelopment including contaminated soil, asbestos, lead paint and PCBs in building materials.

Join the Maine Real Estate & Development Association (MEREDA) on October 7th at Hollywood Casino Bangor from 7:30 – 9:00 AM to learn more about how to identify these environmental challenges, how to obtain protections from these environmental liabilities, how to access the state and federal grant/loan programs that are available to address these liabilities, as well as financing options and criteria for businesses utilizing these properties.   The seminar will rely on case examples from recent projects successfully completed in Maine.

Visit www.mereda.org for more information and to register. 

Registering for this Event:

Payment is expected at the time of registration.   No refunds will be granted to anyone who registers, but fails to attend or who cancels after October 1, 2014

Ticket Prices: MEREDA Member: $25 each | Non – Member: $35 each
Register After October 1: Prices increase $10 each

 

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Maine Real Estate & Development Association (MEREDA) to Host Annual Lewiston/Auburn Fall Networking Social

Make plans to join the Maine Real Estate & Development Association (MEREDA) at its Annual Lewiston/Auburn Fall Networking Social on September 16th from 5:00 – 7:00 PM at the Martindale Country Club in Auburn.

MEREDA’s networking events attract key players in Maine’s real estate industry providing great opportunities to interact with other industry experts. MEREDA’s networking events are not only fun — they are an extremely valuable business development tool.

We hope you’ll join us in Auburn on September 16th at Martindale Country Club for hors d’oeuvres, spirits, and lively conversation with other industry professionals.

Registering for this Event:
Visit www.mereda.org. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after September 10, 2014.

Sponsored by:
Hebert Construction
Libby Hill

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MEREDA’s Morning Menu Breakfast Event – “Reversing the Tide” A discussion on the new FEMA flood maps

BreakfastLogoJoin the Maine Real Estate & Development Association (MEREDA) for breakfast on September 9th from 7:30 – 9:00 AM at the Clarion Hotel, 1230 Congress Street in Portland for a discussion on the FEMA flood insurance rate maps and their impact on property owners in Maine.

Registering for this Event:
Your RSVP is requested by September 4, 2014. Payment is expected at the time of registration. No refunds will be granted to anyone who registers, but fails to attend or who cancels after September 4th.

Ticket Prices:
Members: $45.00 per person | Non-Members: $55.00 per person Prices increase by $10 after September 4th.

Visit www.mereda.org for more information and to register.

This MEREDA “Morning Menu” Breakfast Event is Sponsored by Norway Savings Bank and Verrill Dana.

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MEREDA names Michael O’Reilly as new president, announces slate of officers

Mike O'ReillyJune2014PORTLAND, Maine (July 2, 2014) – Michael O’Reilly, senior vice president in the Commercial Banking Group at Bangor Savings Bank, and the southern Maine team lead for the Commercial and Business Banking lenders is the new president of the Maine Real Estate & Development Association (MEREDA), a statewide organization of commercial real estate owners, developers and related service providers. Founded in 1985, MEREDA promotes responsible development and ownership of real estate in Maine through legislative advocacy, educational programs and professional networking opportunities.

Mike succeeds Drew Sigfridson, SIOR | Managing Director, Partner at CBRE | The Boulos Company who has led MEREDA for the past two years.

“I am honored to accept the position of MEREDA president and look forward to furthering the organization’s mission of promoting responsible development in Maine,” said Michael O’Reilly, president of MEREDA. “Over the next two years we will continue to facilitate discussions on economic growth and the future of our state”.

“I would like to thank all of the members and officers who have helped make MEREDA so successful,” said Drew Sigfridson, former president of MEREDA. “I am pleased to pass the reigns off to such an accomplished professional as Mike. I wish him all the best as president and am confident he will help take the organization to the next level.”

MEREDA also announced the 2014 / 2015 slate of officers as follows:

- Vice President: Paul Peck, of Drummond & Drummond, LLP
- Treasurer: William Shanahan, of Northern New England Housing Investment Fund
- Assistant Treasurer: James C. Otis, of Otis | Atwell
- Secretary: Jaimie P. Schwartz, of Bernstein Shur
- Assistant Secretary: Shelly R. Clark, of MEREDA

About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity. The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at www.mereda.org.

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MEREDA Announces Board Changes, Recognizes Retiring Directors

PORTLAND, Maine (June 30, 2014) – The Maine Real Estate & Development Association (MEREDA) announces recent board changes. Retiring members include Eric Stauffer from Preti Flaherty, Geoff Gattis from Bath Savings Institution and Mark Malone from Malone Commercial Brokers, Inc. Joining the board to fill their seats are Timmi Paulson from Preti Flaherty, Theresa Hodge from Bath Savings Institution and Jennifer Small from Malone Commercial Brokers, Inc.

“MEREDA’s success is largely based on the support and commitment from its volunteers. We are thankful for all of the great contributions that our exiting board members have made to the organization,” said Drew Sigfridson, president of MEREDA. “We are pleased to welcome their successors going into our new fiscal year. We are confident that they will continue to add value to the organization and we look forward to their leadership in serving the real estate community.”

Eric P. Stauffer, of Preti Flaherty, has been an integral part of MEREDA for 28 years, as both a board member and long-time participant on MEREDA’s Legislative Committee, which he co-chaired for a number of years. Stauffer was the recipient of the 2007 MEREDA Volunteer of the Year Award, 1992 MEREDA Public Policy Award and 2002 MEREDA Founder’s Award. Stauffer will be replaced on the board by Timmi Paulson, a real estate attorney, also from Preti Flaherty and a MEREDA member.

Geoff Gattis, of Bath Savings Institution, was an active MEREDA member for the past 18 years. He will be replaced on the board of directors at the end of June by Theresa Hodge, Vice President of Commercial Lending at Bath Savings Institution and MEREDA member.

Additionally, Mark Malone, of Malone Commercial Brokers, Inc. who served on the MEREDA board for eight years will be replaced by Jennifer Small, an associate broker with Malone Commercial Brokers, Inc. and member of MEREDA’s Membership and Marketing Committee since 2010.

OutgoingMembers_06June

Mark Malone, Geoff Gattis, Eric P. Stauffer

 

 

IncomingMembers_06June

Timmi Paulson, Theresa Hodge, Jennifer Small

 

 

 

 

 

 

 

 


About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity.  The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at www.mereda.org.

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MEREDA Promotes Shelly R. Clark to Vice President of Operations

Clark-Shelly-rect_2014PORTLAND, Maine (June 23, 2014) – The board of directors of the Maine Real Estate & Development Association (MEREDA) is pleased to announce the promotion of Shelly R. Clark of  Portland to Vice President of Operations.

Clark has been with MEREDA since 1997.  As Vice President of Operations, she is responsible for managing all day-to-day operations, including coordinating educational programs, membership development and retention efforts, as well as marketing and communications. In 2011, Clark was awarded MEREDA’s President’s Award for her service to the organization. In addition to her role as Vice President of Operations, Clark serves on MEREDA’s executive committee as Assistant Secretary.

“Shelly is the glue that holds the organization together. Her energy and passion for our work is unparalleled.” said Drew Sigfridson, president of MEREDA. “This promotion is well deserved and demonstrates Shelly’s value and commitment to our members and to the real estate community. We look forward to her continued success.”

Clark is a graduate of Thomas College and holds a degree in Business Management. She is active in the community and resides with her husband in Portland.

About the Maine Real Estate & Development Association (MEREDA)

MEREDA is a nonprofit whose members banded together in 1985 to present the views of the state’s real estate industry to lawmakers in Augusta. Today, MEREDA’s more than 280 member firms are primarily from the commercial real estate industry and employ thousands of Maine citizens and drive a huge percentage of Maine’s economic activity.  The organization aims to promote fair and responsible development and ownership of real estate throughout Maine. Additional information about MEREDA is available at www.mereda.org.

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