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We still have a strong seller’s market by Earle Wason
May 26, 2023
My last article for the New England Real Estate Journal was titled Spring Preview 2023. In that article I stated that “The inflation of today, high gasoline prices, war in Ukraine and the steady increase in interest rates will have to have an effect on our economy, hotel operations and hotel sales.
Retail roulette: The risks and rewards of relocation clauses in commercial leasing by Adam Barnosky...
May 26, 2023
Given changing economic conditions and shifting consumer trends in the commercial real estate market, developers require flexibility when expanding or modifying retail centers, while tenants seek stability and often invest heavily in a specific location with unique visibility and benefits.
2023 Ones to Watch Rising Stars: Katherine Garavaglia, Robinson & Cole LLP
May 26, 2023
One thing on my bucket list: For my personal bucket list, I grew up speaking French and English, but my goal is to become fluent in Spanish, Italian and Arabic. Professionally, one item on my bucket list is to close a deal in every state and inhabited U.S. territory. I only have four states and two territories left!
2023 Ones to Watch Rising Stars: Maria Montas, Bergmeyer
May 26, 2023
One thing on my bucket list: Each year, I make it a priority to visit a place I have never been before, whether it’s a different state, a different country or even a different continent to explore new cultures and ways of life. Ultimately, I strive to visit all seven continents.
The economy is a big unknown right now by David O'Sullivan
May 26, 2023
The economy is a big unknown right now. There is fighting in Congress over budget and debt limit, speculation on the Fed’s next move and questions about which banks may be heading for trouble. So where do we turn for advice on the next trend in the real estate industry? There is really a mixed bag when it comes to the industry.
2023 Ones to Watch Rising Stars: Joe Mastrocola, CM&B
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? In the fall of 2021, we completed the construction of one of Massachusetts’ first sports betting lounges. This complex project required significant planning and communication to turn the project over on time and on budget with minimal impact on the client’s 24/7 fully operational environment.
Industrial markets – What are they telling us? by William Pastuszek
May 26, 2023
The era of free money being over, and with post-COVID inflation eroding purchasing power and making everything more expensive, markets are adjusting to the higher cost of acquiring and holding real estate. Plus, everyone is kept on edge by what is going on inside and outside the borders of the nation. And in New England, we are eyeing what is going on in the rest of the country.
2023 Ones to Watch Rising Stars: Greg Bongo, CM&B
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? I am proud of the portfolio of successful projects I have been part of while with CM&B. Building relationships with top-tier clients and receiving callbacks for the next project encourages a contagious momentum.
Identifying replacement properties in a 1031 tax-deferred exchange by Brendan Greene and Mark McCue
May 26, 2023
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment” to defer paying capital gains taxes if the property owner sells such property, identifies “like kind” property within forty-five days of the sale, and acquires “like kind” property within one hundred eighty days of the sale.
2023 Ones to Watch Rising Stars: Steve Koester, Corderman & Company, Inc.
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? Over the last year, I had the opportunity to participate in the ACE Mentor Program in the Boston chapter. This year’s project involved developing an emergency response site in the Boston Common.
2023 Ones to Watch Rising Stars: Jim Hogan, Northstar Project & Real Estate Services
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? The redevelopment of the MIT/Kendall Sq. MBTA Station. For the past five years, I have managed on behalf of MITIMCo the redevelopment of 6,000 s/f owned by three parties – MIT, city of Cambridge, and the state of Massachusetts.
2023 Ones to Watch Rising Stars: Tanya Larrabee, Sherin and Lodgen LLP
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? I advised a local lender regarding a $32 million loan facility to affiliates of a renewable energy company for construction and permanent financing of six solar photovoltaic and energy storage systems on various properties in Massachusetts and Rhode Island.
2023 Ones to Watch Rising Stars: Jacqueline Maloney, Kaplan Construction
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? I’m incredibly proud of building Castle Island Brewery in South Boston. Located in the historic former Cole Hersee manufacturing facility, the 9,500 s/f brewery features a tasting room adorned with a custom mural and focal wall, retail area, and private event space.
2023 Ones to Watch Rising Stars: Matthew Cuneo, SVN | Parsons Commercial Group | Boston
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? Since starting in 2023, I have been a part of 16 office, industrial and retail leasing transactions totaling over 64,000 s/f. I successfully helped represent Cressey Performance for their 15,000 s/f renewal at 577 Main St. in Hudson, Mass.
2023 Ones to Watch Rising Stars: Kevin Hanrahan, The Washington Trust Company
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? A prospective borrower recently reached out to Washington Trust’s Commercial Real Estate team for construction financing for a new luxury residential subdivision in Rhode Island. Due to strong demand and a large number of presold units, the prospect’s former lender was unable to provide financing.
2023 Ones to Watch Rising Stars: Josh Sullivan, True Storage
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? 2022 was a banner year for True Storage, with acquisitions being no exception. I am proud to have completed 15 transactions last year for development sites across the country, which will deliver over 1 million s/f of storage once construction is complete. Of those 15 sites, 12 required rezoning or entitlement work, which was no small feat.
Bialow Real Estate elevates Jaffe and Mahr to partner
May 26, 2023
Needham, MA Bialow Real Estate has elevated both Andrew Jaffe and Andrew Mahr to be partners of the organization. Along with founder/CEO Corey Bialow, the three will continue to grow the business, including working with several national franchises on their expansions, multiple “eatertainment” concepts looking to enter markets across the U.S. and a number of chef-driven and full-service dining experiences.
2023 Ones to Watch Rising Stars: Chris Dandreo, The Procopio Companies
May 26, 2023
When I am not working, I am: Recently, I’ve bought and began refinishing my house, which has been a significant undertaking. It has been an incredibly rewarding experience that has allowed me to transform the space. From basic repairs to long hours spent painting, each step has been a learning process.
Seaport x Black Owned Bos. Market retail pop-up returns for the summer
May 26, 2023
Boston, MA Seaport x Black Owned Bos. Market returns to the Seaport neighborhood for its fourth year with a record of over 60 vendors for the market’s 2023 season. Seaport x Black Owned Bos. Market was named the “Best Retail Pop Up of 2021” by Boston Magazine
2023 Ones to Watch Rising Stars: Kevin McConnell, The Associated Construction Company
May 26, 2023
What recent project, transaction, or accomplishment are you most proud of? As a leader, I find fulfillment in creating an environment for employees to grow and flourish, achieved by securing profitable contracts for a stable and long-term workplace. Our goal is to ensure our team feels secure, happy and cared for, with growth opportunities.