News: Spotlights

2020 Ones to Watch: Karen Bunch, Urban Advisor at Jay Nuss Realty Group

Karen Bunch
Jay Nuss Realty Group

Which project, deal, or transaction was the “game-changer” in the advancement of your career? From 2017 to the present I have been the chairwoman of the board of directors of Greater Grove Hall Main Streets organization. It is a non-profit organization that partners with the city of Boston, small businesses and community stakeholders to improve the vitality of the community. I became the owner’s representative for the development of the property at 1199-1203 Blue Hill Ave., Mattapan, MA, a 32-unit mixed-use housing with 2500 s/f of retail space and parking. This project enabled me to enhance my portfolio and to advise on an array of large projects with private owners throughout the state.

How do you contribute to your community or your profession? As Chairwoman, Greater Grove was one of the sponsors of the Neighborhood Network Art Week located at 434 Warren St. in Roxbury, MA. In addition, Greater Grove Hall Main Streets was able to partner with the Harvard Street Neighborhood Health Center to disseminate COVID-19 health and safety information

What led you to your current profession? I began my career working for Staples, Kraft and Sara Lee Corp. in the division of Hillshire Farms and Kahn’s. Fenway Park was one of my major accounts. I rose from buyer to field sales manager. Upon my promotion, my father congratulated me, but told me that I would never be free in America until I worked for myself. I realized that my calling was to help to improve communities. For that reason, I chose to go into real estate. The first property I sold belonged to Red Sox great, Luis Tiant. 

Who or what inspires you? My Dad had worked for the Stamford, CT Housing Authority, and when I was a young girl, I would go with him and to see the buildings on which he worked. Seeing his work inspired me to go into real estate. Following my father’s death, my mother encouraged me to “go do something,” like build a building. My mother, Rose Evelyn Bunch, is 80 and lives in Stamford, CT. My mother was 58 when my father died. Her strength for two decades inspired me. It was during those years that I began to realize how strong a woman my mother was.

MORE FROM Spotlights
Spotlights

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!
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
CRE market continues to navigate and adjust - by Kristie Russell

CRE market continues to navigate and adjust - by Kristie Russell

The New Hampshire commercial real estate landscape has experienced notable fluctuations in recent years. Within the office sector, there has been a consistent uptick in available space since 2020, attributed to a wave of companies downsizing or closing their New Hampshire operations. However,
Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Two popular sources of commercial real estate financing are banks and insurance companies. According to the Mortgage Bankers Association, banks and insurance companies combined hold 54% of the nearly $4.7 trillion in outstanding commercial mortgages as of the end of 2023. Both of these lender groups are subject to regulations
Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Here are a few of my favorite topics of conversation: politics, religion, money, and relationships. Other than a below average level of social capability, why do you suppose that those are some of my favorite conversation pieces? Well, I believe that there is a fascinating truth hidden within these realms
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