News: Spotlights

2022 Ones to Watch: Andrew Orpik, Vice President at Cresa Boston

What recent project, transaction or accomplishment are you most proud of? Our Cresa Boston office had its most successful year ever last year. During a pandemic, and one that really affected real estate, it’s a testament to the team we have at Cresa and the great work we’re doing for clients. For me personally, our partnership with a leading tech organization has been especially rewarding. We started working together five years ago, and we’ve helped them expand their presence within the Boston market in step with their organizational growth and innovation. They now hold more than 150,000 s/f of high-end office and R&D space throughout greater Boston.

What led you to your current profession? I was fortunate to have some incredible mentors working in the real estate industry: Rob Griffin, Jay Calnan, Joe Zink, Frank Nelson, and many others. Seeing their professionalism and the way they carried themselves gave me an immediate interest in the commercial real estate world. I was fortunate to knock on the door of Joe Sciolla at Cresa who gave me my first job and I’ve never looked back. Particularly in this industry, having mentors and being a mentor for others is invaluable in growing a network and learning the trade.

What are the top 3 items on your bucket list?

  1. Play Augusta National
  2. See the Buffalo Bills win a Superbowl
  3.  Visit all the National Parks (three down, 60 to go)

What are you doing when you aren’t working? Staying active in the community is really important to me, especially raising money for ALS research through co-founding the Comm Ave Charity Classic. In my free time, I’m usually golfing or making improvements to our new house.

 

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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