We were pleased to see several notable projects come to fruition over the past year. One significant project was the expansion of the GE Aviation facility in Hooksett, N.H. That facility now employs over 700 people, and this expansion secures a longterm commitment on the part of GE Aviation to making some of the most up-to-date jet engine components in the world right here in New Hampshire. 2016 is also the year we obtained approvals for two of N.H.’s largest mixed-use projects: “Market and Main” in Bedford, and “Woodmont Commons” in Londonderry; projects with ultimate build-out values of well over $1 billion.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and