News: Front Section

2017 Annual Review: Patrick Callahan of Callahan Construction Managers

What was your greatest professional accomplishment in 2017? 2017 was an exceptional year with opportunities for Callahan to continue our growth throughout the region and further our mission in building lasting, trusted relationships with our clients. Over the last year, I have been especially proud of our team’s dedication to exceeding client expectations, which has resulted in a great deal of project work from repeat clients who entrust Callahan to deliver solutions across all sectors, from multifamily and mixed-use to hospitality and education.

What was your most notable project, deal, or transaction in 2017? While I am proud of every project we have managed in 2017, I am most gratified by the impact achieved by our corporate community engagement program, Callahan Constructing Communities. During the past year, we expanded our outreach to new communities such as Quincy, Malden, and Somerville. We also advanced our community partnerships to support priority initiatives including women in the trades and workforce development. As a result, Callahan Constructing Communities recently earned national recognition as an industry-leading program for successful community enrichment – a satisfying testament to our dedication to giving back to the cities and towns in which we work.

What are your predictions for commercial real estate in 2018? We are optimistic for 2018 as most property sectors continue to show strength and ongoing demand for new product across all sectors, from residential and senior housing, to education and lab space. Because Boston is home to such a diverse group of industries, we are seeing a broad-based healthy demand for the development of properties that support these industries, as well as housing for employees working in these sectors.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary