News: Owners Developers & Managers

SIOR New England Chapter attends
spring Las Vegas Global Conference

Shown (from left) are: Bob Cleary, Elvis and Rob Nahigian.

 

Las Vegas, NV SIOR held its spring convention for 2025 in Las Vegas. It was reported that it was the largest attended spring conference in SIOR history with over 1,000 attendees. Approximately 10 SIOR New England Chapter members and guests attended this event held at Caesar’s Palace Hotel. The conference took place from Tuesday, May 6 to Friday, May 9. It was full of social and educational events. The New England Chapter held a chapter only dinner on Tuesday night at the Gordon Ramsay Restaurant. Approximately 13 members and guests attended. Wednesday was the Industrial Forum with a report from various SIOR members on the status of the industrial market. Generally speaking, the industrial market seems to have come to a halt in many markets. With the new tariffs, there seems to be a wait and see attitude. Many of the large industrial requirements have come to a screeching halt. 

Rob Nahigian with Justin Wren (key note speaker
and former national champion wrestler)

The first of Chinese products under the new tariff has just arrived to the U.S. and it may take a few weeks to feel its effect. The general conclusion was that the industrial market should pick up by the end of 2025 or early 2026. There have been many layoffs, and the LA Port is down by 33% on business. Many ships are not operating. 

The keynote speaker was Justin Wren. He is a 10-time state wrestling champion, five-time All-American and two time National Champion Wrestler and a UFC veteran. He has been inducted into the Black Belt magazine Hall of Fame. He left wrestling to become a humanitarian, founder and CEO of a not for-profit organization named, Fight for the Forgotten. He is working with poor tribes in the Amazon that have no housing, no water and no infrastructure. He is in the midst of raising $6 million to build housing, health care and school facilities. He started with Stacking Your Reasons to Exist and Challenge Accepted. He said that he was addicted and on alcohol during his wrestling career and found a new purpose. He needed to have a purpose through service and it was a trip to the Amazon that changed his life. He stated that we need to Live with, Listen, Learn and Love those who are less fortunate. We are fortunate in what we have in the U.S., but many do not have fresh water. He showed slides of carrying containers of fresh water for 3 hours from its source. He then spent 6 months drilling 50-60 times to try to find an aquifer. He said to remember why and who you are fighting for. Opportunity is greater than charity. If you feel that you are only one person and can never make a difference for a cause because the cause is so big and overwhelming, he said to remember this. Sleep in a room with closed windows and one mosquito in the room. One small mosquito can make a difference to your night of sleep. 

SIOR also introduced its newest CEO, Jim Dinegar who replaced retiring Robert Thornburgh. Dinegar is in his first week of SIOR and met with the Legacy Group. He told them that he works for two goals. First SIOR is a member organization, and he works for the members and the betterment of its members. Second, he will work to keep SIOR in the black financially during his tenure. Dinegar intends to listen to all the members but loves the spirit of the SIOR family and how everyone works together. 

SIOR also announced that there was a recipient for the Howell Watson Award, the highest award from SIOR. The last recipient was in 2023. This year the award was granted to Mark Goode of Chicago who is a past instructor and has been an SIOR for 45 years. He also runs the Investment Program at the SIOR conferences with Herb Krumsick. The award was first issued in 1959. Congratulations to Goode. The fall convention will be in Louisville.

MORE FROM Owners Developers & Managers

Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.