News: Owners Developers & Managers

BOMA 360 class recognized during BOMA Conference in Long Beach, Calif.

The Building Owners and Managers Association (BOMA) International has announced the latest class of buildings to earn the BOMA 360 Performance Program designation. The BOMA 360 Performance Program is a groundbreaking new program designed to recognize commercial properties that demonstrate best practices in building operations and management. More than 50 buildings were conferred with the BOMA 360 Performance designation this month. These buildings, along with all BOMA 360 buildings conferred in the last year, were honored in a ceremony at the 2010 BOMA International Conference. "These buildings and their management teams have demonstrated that they are operating at the highest levels of excellence in our industry," said BOMA International chair James Peck, RPA, FMA, senior director of asset services, CB Richard Ellis. "The growing number of buildings seeking the BOMA 360 designation further speaks to the importance of comprehensive, high-quality property management and operations." The BOMA 360 Performance Program evaluates properties on six major areas of building management: building operations and management; life safety/security/risk management; training and education; energy; environment/sustainability; and tenant relations/community involvement. The comprehensive nature of the BOMA 360 Performance Program means that every aspect of building performance is assessed and scores are based on how buildings meet an extensive checklist of best practices. The program comes at a critical time, as building owners and managers are looking to differentiate themselves from competition in a distressed market. To view all the buildings that have received the BOMA 360 designation, visit http://www.boma.org/getinvolved/boma360/Pages/360Buildings.aspx. For more information on the BOMA 360 Performance Program, visit www.boma.org/GetInvolved/BOMA360.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 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

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