50 year anniversary question and answer Donald Greenhalgh
Name: Donald Greenhalgh, CPA
Title: Partner and Practice Group Leader, Real Estate
Company: DiCicco, Gulman & Company LLP
Years with Company: 10 years
Years in real estate industry: More than 35 years
Address: 150 Presidential Way, Woburn, MA 01801
Telephone: 781-937-5339
Email: dgreenhalgh@dgccpa.com
Website: www.dgccpa.com
When did you discover the New England Real Estate Journal and what business were you doing at that time? I started reading the NEREJ more than 30 years ago. At the time, I was performing projections of real estate operations for properties for syndication of ownership interests, including subsidized housing projects, hotels, warehouses and offices. Many of our clients and the properties they owned were featured in the publication. That is how I was able to learn the market, to stay on top of deals/projects, and to get a sense for where things might be headed in terms of trends.
In what way has the New England Real Estate Journal been a benefit to you and your business? As CPAs who specialize in commercial real estate, we look for ways to keep our finger on the pulse of the industry. All of the professionals in our real estate group read the NEREJ to stay informed. It's also rewarding to see our clients and their projects featured in the publication. We are actively involved with the NEREJ (DGC contributes a monthly column) and they reciprocate with fair coverage of our events. All in all, I think the NEREJ is a great resource for market data and insights.
How long have you been affiliated with the commercial real estate industry? Let's just say I've been around the block a few times! I have worked with owners, developers and investors for more than 35 years. In fact, I have had some as clients for almost as long. Before joining DiCicco, Gulman & Company in 2003, my career included time at large, international CPA firms including Laventhol & Horwath, Arthur Andersen and Deloitte & Touche.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
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!
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 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