News: Spotlights

2022 Ones to Watch: Greg Contente Vice President of Development Samuels & Associates

What recent project, transaction or accomplishment are you most proud of? The Parcel 12 air rights development has been a major part of my life for four years. This complex mixed-use project will feature an office and lab building, a hotel, a retail plaza, and major infrastructure improvements – all constructed over an active highway. We closed on the air rights agreements, financing, and anchor leases at the onset of the pandemic when uncertainty was at its peak. My team successfully negotiated final deal structures and secured commitments to allow this multi-layered project to progress. After years of engineering, permitting and construction, the future building is now taking shape.

What led you to your current profession? After two years living/working in South America, I became inspired by cities centered around plazas with large gathering spaces. I started asking, “How do these spaces get built?” Combining my background in both finance and urban planning, real estate development has since provided an opportunity to build modern infrastructure and create active spaces in urban settings. Development requires consensus-building through community and public processes, solving puzzles to create financially feasible projects, and raising capital with complicated structures. Thankfully I had mentors who encouraged me to tackle complex, multi-faceted projects and to find ways to make city life ever more engaging.

What are the top 3 items on your bucket list?

  1. Paraglide across the Alps,
  2. Build a project in South America,
  3. Make the Camino de Santiago pilgrimage

What are you doing when you aren’t working? Playing guitar with my son

 

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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