Topics: Real estate

CHATHAM – A waterfront home on Stage Island played a role in the recent U.S. Justice Department tax fraud case against a Connecticut man. Hyung Kwon Kim, a South Korean citizen but a legal U.S. resident since 1998, pleaded guilty to failing to report more than $28 million kept in Swiss bank accounts. He was sentenced Jan. 25 to six months in prison and paid more than $300,000 in restitution to the Internal Rev...

Cape Codders Divided Over Rental Tax Proposals

By: Ed Maroney

HYANNIS — Some see it as a dedicated revenue stream that could help Cape communities pay for wastewater infrastructure. Others say it's an unreasonable burden on homeowners just trying to meet mortgage payments and property taxes. There seemed little room for consensus in the SRO hearing room at Barnstable Town Hall June 10, when hundreds turned out to tell state legislators what they thought of plans to tax...

CHATHAM – After 25 years in the energy industry, Jason Nye was too young to retire when he and his wife Kathy moved their family to Truro last fall. A “self-professed gym rat,” he found the perfect transition in the Chatham Health and Swim Club, which the couple purchased last month. “It's something I know and enjoy,” he said of the fitness business. When he met owner Carol Penfield, they not only hit it off b...

Sykes Properties Scheduled For Friday Auction Block

By: William F. Galvin

SOUTH HARWICH – Postponed once and canceled on another date, the auction of the mixed-use Sykes properties on Route 28 has been rescheduled for Friday. This time it will be an absolute auction, according to information provided by JJ Manning Auctioneers. “Selling individually and in the entirety with 815 Route 28 (adjacent 6,500-plus-square-foot mixed-use building) to the highest bidder, regardless of price,”...