News: Spotlights

2022 Year in Review: Marci Alvarado, SVN Parsons Commercial Group Boston

Marci Alvarado
Senior Advisor
SVN Parsons Commercial Group Boston

What was your most important professional accomplishment or most notable project, deal, or transaction in 2022?
Earlier this year, John Parsons, president & CEO of SVN Parsons, reached out to me to help him find a new location for our company. He wanted to be further east and closer to amenities. I sourced an off-market deal for him at 5 Commonwealth Rd. in Natick, a 26,000 s/f office building, which just recently closed and will become our company’s new headquarters. Parsons is planning a gut rehab inside the building and a major upgrade to the facade. It wasn’t easy to find and there were some minor complications along the way, but I couldn’t be more pleased that it came to fruition.

How has your career path changed in 2022?
During 2022, unfortunately our family experienced a number of serious health challenges which diverted my attention away from business for significant periods of time. This situation caused me to find ways to become more efficient with my time. Fortunately, I am blessed with an amazing husband and children who supported me throughout. Despite the new demands placed on me personally, I had one of the best years to date in my career. In fact, I am on track right now to be one of the top advisors at SVN nationally.

I am truly grateful for everyone who played a part in helping to make that happen.

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!
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
CRE market continues to navigate and adjust - by Kristie Russell

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 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!
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
Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

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