New England’s longest lasting growth run continues and 2019 risk strategies will include watching for disruptions. Rising construction costs will be the story of 2019 as supplier margins pressurize. Labor force participation will defy national trending while restraints on supply add risk. GDP growth rate decline is predicted to continue through 2020.
The uptick in the interest rates will place downward pressure on pricing. I also feel locally the market will continue to be robust but with some caution toward lending. Vacancy and bad debt will be real and accountable on the projected budgets for both the banks and clients. Rents will continue to stabilize and developers will need to provide concessions and discounts
Our team repositioned two of our first-class properties in southern N.H., one of which was vacant at the time of our acquisition. Capitalizing on the uptick in activity in the Nashua market, we leased over 130,000 s/f at these two buildings in a 10 month span, bringing both to 100% occupancy with long-term, credit tenants.
We really grew the firm this year and I think my greatest professional accomplishment, or at least the one I’m most proud of, is the mentoring and coaching I was able to provide to our younger agents.
Being able to pass along my commercial real estate experience and the knowledge I’ve gained from my 13 years of real estate transactions, has been extremely rewarding.
For over 25 years, Ballardvale Office Park in Wilmington, Mass. has relied on U.S. Pavement Services to maintain their 340,000 s/f parking lot. This year we had just one weekend to clean, crackfill, sealcoat, and stripe the property, while ensuring everything was complete by Monday morning. Providing superior customer service while
A continuation of strong activity. Ride the wave! From a commercial office and retail leasing standpoint, landlords and tenants alike are recognizing the importance of establishing a creative, enjoyable experience for their employees and customers.
With the expected opening of the Pawtucket-Central Falls commuter rail in 2022, it will act as a catalyst for increased transit-oriented economic development. The 150-acre Conant Thread District, abutting the new commuter station, becomes a great place to either lease or purchase useable historic mills. Working with the state and federal governments,
As a trusted risk advisor, ORMS is focused on helping our financial institution partners consummate complex deals in a safe and efficient manner. In 2018, we were honored to have supported our bank and credit union partners in financing CRE transactions of all shapes and sizes.
Jackson Walnut Park Schools: This project benefits students and faculty in many ways, which is always an outcome we are proud of. This new space also complements the school’s historic landmark building–an 1867 Second Empire mansion–with a contemporary design that promotes 21st Century learning. The 10,346 s/f center houses a new full gymnasium, theatrical stage, expansive culinary
PTC’s new global headquarters in the Seaport District is more than notable: The company’s move from Needham to Boston is a key part of the company’s business transformation. It’s a whole different mindset moving from a suburban to an urban space, and PTC’s leadership is changing its workplace strategy to anticipate the technology and workforce of the future. It’s an exciting time for them, and