News: Spotlight Content

2026 Spring Preview: Patrick Burns, Northstar Project & Real Estate Services

Patrick Burns
Senior Vice President
Northstar Project & Real Estate Services

What trends or market activity are you seeing as we move into the spring season? As an owner’s project manager, my primary focus over the past few years has been the fit-out of office space. There is a growing trend toward enhancing the workplace experience, aiming to create an office worth commuting to. These enhancements can range from high-end coffee machines in office “pantries” to an entire floor dedicated to a full-service restaurant offering significant discounts to employees.

What projects, initiatives, or types of work are currently keeping your team busiest? I am fortunate to collaborate with a talented team on the client side and within Northstar. We are managing a significant number of improvements to an office building in Cambridge, including an enhanced cafeteria, workspace, and conference center, and the completion of the fit-out of the three remaining vacant floors. Additionally, we are managing the fit-out of the rest of a floor of an office building in N.J. and several labs in Cambridge, while also beginning a lab project in Waltham. The coordination of this work in occupied spaces is a significant strength for my team. I am proud of their efforts.

What opportunities or challenges do you see shaping the commercial real estate landscape over the next several months? Political uncertainty is contributing to significant uncertainty in the real estate and construction industries. The mood appears to be more cautious than optimistic. On the positive side, there is a demand for Class A office space. JP Morgan’s recent lease at South Station seems to align with that trend. Office-to-residential conversions seem to be gaining traction, with the largest one in Worcester recently receiving funding. We remain flexible in meeting our clients’ needs and function as trusted advisors.

MORE FROM Spotlight Content

NEREJ’s 2026 Mid Year Review Spotlight

NEREJ’s 2026 Mid Year Review Spotlight is underway. This special section will feature perspectives from across commercial real estate as firms reflect on the first half of the year and discuss the trends, challenges, and opportunities shaping the months ahead.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Limited supply fuels landlord‑friendly conditions in Rhode Island’s industrial market - by Julie Freshman and George Paskalis

Limited supply fuels landlord‑friendly conditions in Rhode Island’s industrial market - by Julie Freshman and George Paskalis

As we enter the spring of 2026, the Rhode Island industrial real estate market stands on stable footing, following several years of resilience fueled by constrained supply, steady demand, and dynamic economic conditions.

How do we manage our businesses in a climate of uncertainty? - by David O'Sullivan

How do we manage our businesses in a climate of uncertainty? - by David O'Sullivan

These are uncertain times for the home building industry. We have the threat of tariffs mixed with high interest rates and lenders nervous about the market. Every professional, whether builder, broker, or architect, asks themselves, how do we manage our business in today’s climate? We all strive not just to succeed, but
As legacy names recalibrate, new entrants are moving in with fresh capital, new technologies, and business models tailored to today’s supply-chain needs - by Michael Harrington

As legacy names recalibrate, new entrants are moving in with fresh capital, new technologies, and business models tailored to today’s supply-chain needs - by Michael Harrington

Southern New Hampshire’s industrial market has always punched above its weight. For decades, the region has attracted a mix of advanced manufacturing, beverage and food producers, logistics operators, and specialty
Shallow-bay wins on 495/128:  A renewal-driven market with a thin pipeline - by Nate Nickerson

Shallow-bay wins on 495/128: A renewal-driven market with a thin pipeline - by Nate Nickerson

The Boston industrial market entered mid-2025 in a bifurcated state. Large-block vacancy remains elevated, while shallow-bay along the 495/128 corridor continues to prove resilient. Fieldstone’s focus on this geography positions us squarely in the middle of a renewal-driven, supply-constrained