Portsmouth, NH The Kane Co. transformed the former Southern New Hampshire University (SNHU) building at 231 Corporate Dr., into an emergency pet clinic for Ethos Veterinary Emergency Hospital. Faced with a tenant’s requirement for an additional 10,000 s/f of space,
Manchester, NH North & South Construction Services has renovated and officially opened a property that hosted some legendary local businesses over the decades, including the Red Arrow Restaurant, Fournier’s Furniture, The Manchester Deli and Lemay Brothers Jewelers. At a ribbon
Boston, MA Industry veteran John Vecchi has joined Marr Scaffolding Company’s Scaffold Division as sales representative / project manager. Vecchi will be responsible for sales, estimation
What person, project, transaction, or market trend had the greatest impact on your industry this year? Rising Interest Rates impacted our industry; even with construction costs down and the supply chain improving; demand slowed down to pre- pandemic years. Investors took a break on development plans watching the economy and interest rates.
What person, project, transaction, or market trend had the greatest impact on your industry this year? Without a doubt, rising interest rates had the single greatest impact on the commercial real estate development industry this year. Increased borrowing costs combined with inflationary forces challenged project teams to problem solve
What person, project, transaction, or market trend had the greatest impact on your industry this year? Interest rates are a market trend with a strong impact on business. Property that yesterday would have “cash flowed” with rent it was receiving doesn’t necessarily do so today because the cost of money is higher.
What emerging trends will drive investment and development in 2024? There is no trend larger or that will have a major impact on the security industry than artificial intelligence (AI). The security AI trend would also include a blend of AI and cybersecurity.
What person, project, transaction, or market trend had the greatest impact on your industry this year? The evolution of return-to-office policies and workplace strategy models continues to impact tenants, landlords and all those involved in office transactions. In the corporate services space, we must find nimble innovative solutions to accommodate companies’
What person, project, transaction, or market trend had the greatest impact on your industry this year? Maple on Franklin in Holbrook – a 72-unit passive house design senior housing development. The need for affordable housing is at a critical point, especially for seniors looking to age in place near their support systems
How has your career path changed in 2023? My career path changed in 2023 to include more focus on ESG (Environmental, Social & Governance) and sustainability support for my key real estate clients. Joining Ramboll’s global team also expanded my ability to provide environmental, engineering and energy services internationally.
What person, project, transaction, or market trend had the greatest impact on your industry this year? As we continue to lean into the retail design industry, we are continuing to see 3rd party delivery services and online pick-up continue to impact how retailers deal with multiple points of engagement.
What person, project, transaction, or market trend had the greatest impact on your industry this year? 2023 brought its share of challenges. The “Covid hangover” along with inflationary pressure and major geopolitical issues all combined to deliver significant and ongoing ripple effects
What person, project, transaction, or market trend had the greatest impact on your industry this year? One continuing trend with huge impact on our industry is mixed-use, community-centered development – buildings and public spaces integrated into the fabric of neighborhoods
What person, project, transaction, or market trend had the greatest impact on your industry this year? The demand for multifamily housing in Massachusetts (specifically within Boston and the surrounding communities) has been a steady constant for several years with no signs of a significant slowdown in the near future.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? FamilyAid has been a rewarding project, converting a former nursing home into family housing. We’re all privy to the housing crisis and our client and the city of Newton have been instrumental in getting this project going.
What person, project, transaction, or market trend had the greatest impact on your industry this year? The market trend for residential remodeling has been moving towards a “design-build” approach where there’s a unified process from design through completion.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Earning the promotion to principal at Bergmeyer in 2023 was the ultimate recognition and a significant career milestone for me. It symbolizes my peers’ trust in me and acknowledges my varied, continuous, evolving contributions
What person, project, transaction, or market trend had the greatest impact on your industry this year? An increased demand for smart access control, and its convenience, is seen among residents and property managers. Mobile-based technology is delivering improved smart lock
What person, project, transaction, or market trend had the greatest impact on your industry this year? Elected officials are listening to community groups who are more vocal about proposed changes to zoning and proposed new construction. The discussion around carbon footprints, community needs and public realm priorities