News: Owners Developers & Managers

Chestnut Hill Realty wins 5 Awards at Rental Housing Association Conference

Chestnut Hill Realty (CHR) recently won five awards at the annual Rental Housing Association (RHA) Conference in Boston. This year, CHR captured the following five awards: Leasing Consultant: The Leasing Consultant award went to Michael McHugh, a resident services professional at CHR's Norwood Gardens Apartments in Norwood, MA. Maintenance Mechanic: The Maintenance Mechanic Award went to Nick Nelson, a maintenance technician at Norwest Woods Apartments in Norwood, MA. On-Site Property Manager: Kelly Higgins, a property manager at CHR's Ridgecrest Village Apartments in West Roxbury, MA, won the On-Site Property Manager Award. Regional Manager: Kelly Fichtner, a regional manager at CHR, received the Regional Manager Award. Community Over 20 Years Old: CHR's Village Green Apartments in Plainville, MA, was awarded the apartment Community Over 20 Years Old Award. CHR acquired Village Green in 2008 and has been implementing an ambitious turnaround program ever since. "I think we set a new unofficial record on awards this year. It was great to hear our name called again, and again, and again," said George McHugh, president of the property management division at Chestnut Hill Realty. "I am thrilled that so many people from CHR were honored for their achievements and professional accomplishments by their peers. It is certainly good to be recognized as a company." RHA, a division of the Greater Boston Real Estate Board, represents owners and managers of some 100,000 multi-family units across Massachusetts, and gives Professional Achievement Awards and Communities of Excellence Awards every year. McHugh said that CHR had received four RHA awards last year and broke that record this year by winning a whopping five awards at the annual ceremony which was held at Boston's Hynes Convention Center. Chestnut Hill Realty is one of New England's leading residential real estate companies, specializing in multifamily housing. Established in 1969, CHR owns and manages more than 4,500 units in 27 apartment home communities in Greater Boston and Rhode Island.
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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