News: Spotlights

2022 Ones to Watch: Dimitra Murphy, Owner of Daddy Jones Bar & Restaurant and Agent at Commonwealth Properties

What recent project, transaction or accomplishment are you most proud of? I was the buyer’s agent for the purchase of commercial property next to my restaurant at 525 Medford St., Somerville. It is a three-story building, and presently the first floor is commercial and the second and third are residential. I am thrilled about potential new businesses joining us in Somerville’s Magoun Sq.

What does it take to succeed in your specific industry? On the real estate side of my business, both flexibility and compassion are key. With transactions, whether commercial or residential, people are going through a lot. It’s a major part of their lives and can be very overwhelming. It helps to put yourself in their mindset. For some it’s a first purchase and it’s exciting; for others, the circumstances might be very different. The same skills apply also to the restaurant industry in seeing that the customers have a good experience and that we can meet their needs and expectations.

What are the top 3 items on your bucket list? I’d like to bring my children to Greece, where my parents were born. I’d also like to see Asia – I’ve never seen that part of the world.

What are you doing when you aren’t working? I like to kickbox, run, and drink coffee (not all at the same time!). And I hope to write my first book someday.

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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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