News: Financial Digest

BPG Props. names Rota asset manager of the Boston regional office

BPG Properties, Ltd., one of the nation's leading private equity real estate fund managers, has appointed Michael Rota as asset manager in the firm's Boston regional office.   "Rota is a seasoned professional with over 20 years of experience in managing and operating commercial real estate," said George Haines, vice president of BPG who is in charge of the firm's regional office. "We are pleased to have him on board and look forward to leveraging his experience throughout the portfolio." Rota will be responsible for managing the redevelopment and leasing of BPG's city area portfolio and will work closely with BPG Management Company, L.P., BPG's property management arm, in the city along with the firm's acquisition team. Prior to joining BPG, Rota was a general manager for Lincoln Property Co., where he was responsible for coordinating all management services and assisting the leasing team with 1.8 million s/f of property.
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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

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