News: Spotlights

2017 Women in Real Estate Spotlight - Marianne Wronka

Marianne Wronka
Executive Vice President
Wronka, Ltd.

Years in real estate: 10+

How do you play your strengths to your advantage in your career: Where sometimes parties in a transaction have opposing goals, perhaps it’s my Libra sign that abhors conflict that comes to the rescue, or my desire to help people. I see myself as a collaborator and mediator to bring everyone on the same page and get to a win-win situation.

What trends are you seeing so far this year: The market is tightening with less direct office space available in my geographical area of Rte. 93 / Rte. 128 / North Shore, with vacancy down to approximately 8% and with rental rates increasing. I see more subleases. With the major shift in the retail market, I see opportunities for traditionally non-retail businesses taking retail space where they can help bring business to the retail center and provide synergy.

How have you navigated obstacles to achieve success in your career: Using a recent transaction as an example, often when the customer became frustrated and impatient, or was being unrealistic about their expectations, I would provide them with market data specific to their needs, and tour any property that may fit their need to bring them back on course. I would stay sometimes in daily communication with the customer, or all parties so everyone is on the same page. I also developed a successful program to facilitate sublease listings so that owner, tenant and prospect are all aware up front of how the process will work with financial incentives to have co-brokers bring their customers.

What do you do for fun: I enjoy reading and walking outdoors, although never enough time. I work 8-10 hours a week at Dress Barn at Redstone Shopping Center in Stoneham. One of my high school jobs was working in a department store, in men’s wear. Now I enjoy ladies fashions , I get my exercise, relieve stress, get my retail therapy, but mostly I enjoy helping ladies look and feel good. Unlike real estate deals that take some time to complete, it’s a change of pace to see immediate results.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
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