News: Owners Developers & Managers

BOMA Boston to send four properties to International TOBY awards

The Building Owners and Managers Association of Boston (BOMA Boston) will send four buildings to compete at BOMA International's The Outstanding Building of the Year (TOBY) Awards in Orlando, FL this June. The following buildings won local TOBY awards back in November, and were just announced as Middle-Atlantic Region winners this past week. 2014 TOBY MAC Winners • 250,000-500,000 s/f: 40 Broad St., owned by TIAA-CREF Real Estate Management Core Property Fund, managed by Lincoln Property Company. • Government Building: 1550 MAIN, Springfield, owned by Massachusetts Development Authority, managed by CBRE | NE Partners LP. • Historical Building: One Liberty Sq., owned by the One Liberty Square LLC, managed by Lincoln Property Company. • Suburban Low-Rise: Westboro Executive Park, Westborough, owned by Cornerstone Real Estate Advisers, managed by Jones Lang LaSalle Americas, Inc. These four buildings will be officially awarded as regional TOBY award winners at the BOMA Middle-Atlantic Conference, to be held in Boston from March 30 - April 1. The BOMA Middle Atlantic Conference is made up of 15 other BOMA locals in addition to Boston. This will be the first time Boston has hosted the Middle Atlantic Conference since 2003. Other Regional TOBY MAC Winners: • Over 1 Million s/f: 1633 Broadway, New York; • 500,000 - 1 Million s/f: Three Parkway, Philadelphia; • 100,000 - 249,999 s/f: 110 East 2nd St., New York; Under 100,000 s/f: 999 Riverview Drive, New Jersey; • Earth Award: Hearst Tower, New York; • Renovated: Chevy Chase Pavilion, Metropolitan Washington; • Corporate Facility: 22 Sylvan Way, New Jersey; • Industrial Park: Raritan Business Center, New Jersey; and • Suburban Mid-Rise: Carnegie Center, New Jersey. The Office Building of the Year (TOBY) categories are separated by total square footage, and building type including:, corporate facility, government building, sustainable building (Earth Award), historical building, renovated building, industrial office park, and suburban mid and low-rise. This year, BOMA Boston honored buildings in 13 different categories, covering city and suburban buildings. BOMA Boston, a division of the Greater Boston Real Estate Board and a federated chapter of BOMA International, represents owners and managers of over 150 million s/f of commercial real estate in the Greater Boston area. BOMA Boston provides the best professional knowledge and networking opportunities in the Greater Boston real estate industry. These opportunities are provided through interactive educational programs and committee work; publication of local, state, national and international industry news and initiatives; legislative and regulatory representation; and community involvement. Founded in 1889, the Greater Boston Real Estate Board counts as its members more than 7,500 professionals engaged in all sectors of the industry. One of the local boards of the National Association of Realtors (the largest trade association in North America), BOMA International and the National Apartment Association, GBREB is considered unique nationally due to its varied membership base. The board also has five major divisions which are: Building Owners and Managers Association; Commercial Brokers Association; Real Estate Finance Association; Rental Housing Association; Greater Boston Association of Realtors. The Annual BOMA TOBY Awards recognize the best operations and management in commercial real estate. The Awards are part of the BOMA International TOBY Awards and awards are given in 14 categories for best practices in building operations. The winners of the BOMA Boston TOBY Awards have the opportunity to compete at the regional and international levels of BOMA.
MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.