Blakeley and Linde honored at United Way Leadership Breakfast
The 17th annual Real Estate & Building Industry Leadership Breakfast at the Westin Copley Place, Uniting to End Family Homelessness, honored Gerald Blakeley Jr. and the late Edward Linde.
The commercial-industrial R.E. members from Greater Boston firms heard Mortimer Zuckerman, chairman/CEO of Boston Properties, give the keynote address. He and Linde met Blakeley, former president, chairman and principal stockholder of Cabot, Cabot & Forbes (CC&F), when they were employed by the developer.
Linde and Zuckerman were co-founders and CEOs of Boston Properties when they left CC&F in 1970. United Way of Mass. Bay & Merrimack Valley were presented the 2010 Norman Leventhal/Edwin Sidman R.E. & Building Industry Leadership Award.
Zuckerman is now chairman and editor in chief of U.S. News & World Report, publisher of the New York Daily News and a regular commentator on The McLaughlin Group.
CC&F planned the initial development of 8,200 acres in Laguna Niguel, Calif., and Wintergreen, a 13,000 acre resort in Virginia. The firm also rejuvenated a half dozen of the nation's city centers and constructed landmark buildings in Boston, Chicago, Washington, Los Angeles, St. Louis and Philadelphia, among other cities.
Linde led Boston Properties' transition from a private company to a public company in 1997 and helped assemble and develop some of the country's most iconic office buildings, including the Prudential Center (Boston), Embarcadero Ctr. (San Francisco), the G.M. Bldg., 601 Lexington Ave., 399 Park Ave. (New York City), and 509 9th St., 901 New York Ave. and Market Sq. North (Washington, D.C.).
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