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President’s Message: Fair housing – A commitment to equality - by William Woodward
May 5, 2023
More than 80 attended the IREM Boston Chapter’s Boot Camp for Property Managers during our April 20th in-person training in Braintree, Mass. Covering a wide range of topics, much time was devoted to the issue of fair housing – very fitting as April is designated as National Fair Housing Month. While those of us in the property management and real estate industries are well aware of this celebrated month, we could all benefit from a little refresher on its origins.
BOMA Boston Update: April Roundtable, BOMI classes and BOMA Springfest
May 5, 2023
Boston, MA On April 27th, BOMA Boston and the Energy & Environment committee presented a roundtable on Energy & Waste Audits. The event was held at BXP’s Fort Point Room, at Atlantic Wharf which is a zero waste facility. The panel discussion led by Radhika Kanaskar, sustainability program lead, Federal Reserve Bank of Boston offered insight on the different types of energy and waste audits, including ASHRAE and decarbonization.
Groundbreaking ceremony held for The Preserve at Olmsted Green
May 5, 2023
Boston, MA The vision for Olmsted Green and its East and West Campus was ahead of its time nearly 20 years ago when a partnership between the New Boston Fund and the Lena Park CDC was designated as the master developer of the nearly 38.5 acres in Mattapan on the former Boston State Hospital site.
NH CIBOR president’s message: What are New Hampshire banks planning for the year? - by Matthew Bac...
May 5, 2023
As I was writing my last president’s message, I couldn’t help but think “Are we going to find out what the current administration considers ‘too big to fail’?” Following the 2007-2008 financial crisis, there were several unprecedented moves made by the Federal Reserve
MHIC hires Ronayne as chief capital development officer and O’Donnell as director of community inv...
May 5, 2023
Boston, MA Massachusetts Housing Investment Corporation (MHIC), has appointed two executives to its senior leadership team. Elizabeth Ronayne, who joined MHIC on March 6, will serve as chief capital development officer, and Beth O’Donnell, who joined on April 10, will serve as director of community investment. Both bring experience in affordable housing and real estate investment, with a focus on racial equity. They will be instrumental in pushing forward MHIC’s mission to revitalize neighborhoods by investing in whole communities.
Class A & B office vacancy rates drop in Greater Portland, sublease market is significantly higher t...
May 5, 2023
>Over the past year, the office market in downtown Portland has seen a steady amount of absorption, leading to a 1% drop in the vacancy rate. The overall average rental rate fell compared to last year with the sublease asking rate dropping by 3.3% ($1 per s/f), but the direct asking rate increasing
Beacon Capital Partners earns 12th Energy Star Partner of the Year recognition
May 5, 2023
Boston, MA According to Beacon Capital Partners, they have received the 2023 Energy Star Partner of the Year Sustained Excellence Award for continued leadership in successfully improving and optimizing energy efficiency across its portfolio. The Sustained Excellence Award is the highest honor bestowed by the Energy Star program.
CoreNet Global New England president’s message: Annual Awards of Excellence - by Maureen Rystrom
May 5, 2023
Our Annual Awards of Excellence took place on April 27th at Westin Seaport, and with 400 in attendance, it was such a fabulous evening celebrating our 2022 Chapter’s Leadership and Project Award Winners, as well as the graduating class of the 2022 Cohort of the Young Leaders Professional Development Program. The evening couldn’t have happened without our wonderful sponsors, including our Premier Sponsor, Margulis Perruzzi Architects.
Greater Portland office market overview and forecast - by Jim Harnden and Sam LeGeyt
May 5, 2023
When you look at the overall office market in Greater Portland for 2022, the sector was in transition. Another year removed from COVID, and another year, where we still do not believe we have seen the last of its impacts. Firms are still trying to determine how many of their employees will be returning
Malone Commercial Brokers wins two 2023 CoStar Impact Awards in two categories
May 5, 2023
Portland, ME Malone Commercial Brokers have received the 2023 CoStar Impact Award in two categories. CoStar’s Impact Awards highlight the commercial real estate transactions and projects that have transformed their markets over the past year. The winners are chosen by independent panels
MassDevelopment issues $126.33m to Puddingstone at Chestnut Hill, LLC
May 5, 2023
Brookline, MA MassDevelopment has issued a $77.9 million tax-exempt bond and a $48.43 million taxable bond on behalf of Puddingstone at Chestnut Hill, LLC, an affiliate of Chestnut Hill Realty Corp., which will use proceeds to build a six-story, 250-unit mixed-income multifamily rental-housing facility on 3.78 acres of undeveloped land at 201 Sherman Rd.
Ferreira joins Thornton Tomasetti's sustainability practice as vice president
May 5, 2023
Portland, ME Prudence Ferreira has joined Thornton Tomasetti’s sustainability practice as a vice president. Ferreira will be heading up the firm’s passive buildings consulting team. She will be assisting
Williams promoted to executive vice president at Dakota
May 5, 2023
Waltham, MA According to Dakota Partners, Gary Williams has been promoted to executive vice president of construction. “In the time he has been with us, Gary has done tremendous work in bringing consistency and uniformity to the data and details within the construction team. He has brought hands-on leadership to current project teams, reinforced existing teams with additional resources and is working hard daily to enable the overall success of the department,” said Dakota principal and CEO, Marc Daigle.
Morse of Hancock becomes Professional Wetland Scientist
May 5, 2023
Danvers, MA According to Hancock Associates, Devon Morse, a wetland scientist/project manager at the firm, has received her Professional Wetland Scientist (PWS) certification. Morse joined Hancock in 2020 and is responsible for coastal and inland wetland delineations, establishment or restoration of habitats, environmental local, state and federal permitting and project management within the wetland science department.
OMNI Resource Management, Inc. acquires Alarm Computer Technology
May 5, 2023
Braintree, MA OMNI Resource Management, a regional leader in diversified facilities services, has acquired Massachusetts-based, Alarm Computer Technology (ACT), a full-service security systems contractor. Founded in 1983 by Helder Lemos, ACT specializes in state-of-the-art video surveillance, burglar and fire alarm, and automation systems. “ACT’s geographical service area, large commercial client base, and long-standing commitment to quality service aligns very well with our business model.
The Hamilton Company begins process for approvals of One Union Square development
May 5, 2023
Somerville, MA The Hamilton Company has initiated the process for obtaining approvals for One Union Square – a transformative development that will anchor new economic activity, create new civic and community spaces, and help realize the city’s long-term objective of strengthening Union Sq. as both a neighborhood and commercial center.
Advisors Living holds grand opening for Cape Elizabeth sales office
May 5, 2023
Cape Elizabeth, ME Advisors Living, the residential sales platform of Boston Realty Advisors, held its formal grand opening for the new sales office in Maine, to serve residential buyers and sellers in Southern Maine, including the Greater Portland region from York along the coast north to
Wilder promotes Burke to executive vice president; hires Hebert and promotes Swist and Gallerani
May 5, 2023
Boston, MA Wilder, the real estate development, management, and leasing firm, has completed staff promotions and the addition of a new senior team member. These strategic changes are a response to the dynamic needs of the market, their portfolio, and partners. The following staff changes will support the continued success of all stakeholders.
Wason Associates Hospitality brokers Giri Hotels’ acquisition
of 248 room Anchorage by the Se...
May 5, 2023
Ogunquit, ME Giri Hotels has acquired Anchorage by the Sea, a waterfront hotel located at 125 Shore Rd. The transaction was negotiated by Wason Associates Hospitality Real Estate on behalf of the seller: AMIO, LLC and Anchorage Motor Inn Ogunquit Inc. This acquisition represents the blending of long-time
ARCO National Construction partners with Calare Properties to complete 124,800 s/f distribution faci...
May 5, 2023
Saco, ME ARCO National Construction is partnering with repeat developer client Calare Properties to build a 124,800 s/f distribution facility. The build-to-suit development will be home to a Fortune 500 company end-user. The facility offers access to major distribution routes and is located one mile from I-195. Construction is expected to finish in Q3 2023.