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.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.