News: Spotlights
Posted: December 29, 2023
2023 Year in Review: Benjamin Hamm,
Kaplan Construction
Project Manager
Kaplan Construction
What person, project, transaction, or market trend had the greatest impact on your industry this year?
Inflation and increased interest rates have certainly throttled back demand, but thankfully we haven’t seen a huge decline at this point. For projects I’ve been involved in, there have been some adjustments to the scope for cost savings, but the projects have been moving forward as usual.
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023?
We have entered our fourth year of managing the Worcester Art Museum’s capital improvement plan, in which I have overseen the 15+ projects we’ve been contracted for so far. I’m very grateful for the opportunity to restore and modernize their historic buildings and cultivate relationships with their dedicated staff.
Tags:
Spotlights
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!
Quick Hits
Columns and Thought Leadership
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
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 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
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,