Our goal from the outset was to expand the footprint of our client-type. In 2018 we more than succeeded – conducting auctions for family owned businesses, non-profits, estates, investment groups, guardians, bankruptcy trustees, financial institutions, and individuals. We wanted to prove auctions aren’t just foreclosure or distress and we’re proud of our accomplishments.
I still see a strong year for CRE in 2019. Based on the projects we have and the potential projects we are looking at there are many projects in a variety of sizes moving forward.
???????Residential has slowed somewhat but multi-family, commercial, industrial, and retail remain strong.
United Steel was a finalist as subcontractor of the year by the AGC of CT. This only happens when you have great team members, and I’m not just talking about the great people that are part of the United Steel, but the great teams that our customers put together.
We are specific about who we work for because it takes a cohesive team effort and some organizations just don’t have the culture to support this effort.
The DPS team completed hundreds of projects in 2018 for both blue chip and emerging growth pharma/biotech companies and we’re grateful to our clients for entrusting us with their projects.
We’re looking forward to another excellent, positive year, with no slowdown in sight.
The city of Westfield was excited to roll out our comprehensive marketing effort, GoWestfield.com, at the Western Mass Developers Conference in June. Along with our strategic partners, we’re capitalizing on the city’s available land, access to markets, and locally-controlled high-speed fiber optic network, Whip City Fiber, to set us apart. GoWestfield.com is a one-stop portal for information about Westfield
I consider my greatest accomplishment of the past year to be the success of my team.
???????There is a lot of activity in the commercial real estate market right now and it takes an all-hands-on-deck approach to balance the growth in our overall portfolio while continuing to serve all clients with the high level customer service BankRI is known for. At the same time, we have further diversified the projects we become involved in, as well as the products available to meet our clients’ varied financial needs.
As a lifelong resident of Hudson, Mass. much of my practice focuses in this area. In 2018, I represented the seller of a unique property here which comprised 59 fully-rented one-bedroom apartments across five buildings on two parcels. The properties had been owned by the same family for two generations. That this was a $6.1 million transfer was unprecedented
The completion of The Shoppes at 655 South Willow, Manchester. As of Q4, we have completed the finishing touches on 100,000 s/f of new-to-market retail space at this modern shopping center. Still in the pre-leasing stage with multiple tenants in place, we are looking forward to the first business openings in the spring of 2019.
We have accomplished so much in 2018 as we continue to grow and emerge within the greater Boston community as a best-in-class construction management firm. We have continued to add some amazing new talent to our team, expanded our client base with some of the most dynamic companies in the state, many themselves industry leaders. In doing so, as we prepare for the future, we launched a new rebrand and website to better showcase to the market our capabilities and position Timberline for continued growth while earning a reputation as a dynamic partner whom our clients can trust and depend on.
