News: Spotlights
Posted: December 29, 2023
2023 Year in Review: George Malakidis,
Callahan Construction
Project Executive
Callahan Construction
What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Our most notable project of 2023 was the completion and full build out of Revolution Labs for our client at Greatland Realty Partners. It was a very successful project for all stakeholders and an impressive feat to lease out and build out all tenant fitups between the end of 2022 and 2023.
How has your career path changed in 2023? The life sciences market is slowing down and deals will be harder to perfect over the next year or so, I am grateful to work for a company that is diversified in our project portfolio between the multi-family, life science, assisted living and student housing markets.
What emerging trends will drive investment and development in 2024? There are still deals that are ready to be developed in the market. We are starting to see reductions in subcontractor pricing and more labor availability in the market which should start to drive prices lower, coupled with potential lowering of interest rates in 2024, we are hopeful for these deals to come to fruition in the later half of 2024.
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!
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
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,
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
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