News: Front Section

Cummings Properties named on BUILDINGS Magazine's "A List" of top 25 organizations

Each year BUILDINGS Magazine presents its list of the nation's top "A List" real estate firms. The widely read ranking of the "top 25 organizations to watch" somewhat mirrors the "Top 100 America's Best Colleges" report, presented annually by U.S. News and World Report. This year, only one firm headquartered in New England made the list. The surprise inclusion -- the relatively tiny Cummings Properties. The top three firms, as determined by this survey, are Chicago's Jones Lang LaSalle; Hines Company of Houston, with its 23,000 real estate professionals; and ProLogis, which is based in Denver. The "A List," which appears in the September issue of BUILDINGS, recognizes Cummings Properties at #19. Other well known names well ahead of Cummings on the "A List" are Cushman & Wakefield, #4 and C. B. Richard Ellis, #7. Cummings Properties says it is delighted to be ranked anywhere on such a prestigious "Top 25" list for 2007.According to the company's founder, Bill Cummings, "This is an extraordinary testament to the more than 300 dedicated men and women who make their careers with Cummings Properties." The publication makes mention of Cummings Props. building the new Middlesex County Superior Courthouse, and the remarkable construction progress there. BUILDINGS noted that "The majority of players featured in The A List are companies whose core competency is building development, ownership, and management. What sets them apart from their corporate, institutional, and governmental peers is their ambitious commitment to operational excellence, business metrics, and sustainability - no conservative approaches here." It added, "Cummings may never be among the largest or most powerful real estate firms; however, it is certainly among the industry's most unique . . . it is likely among the very largest un-leveraged firms in the industry." "Few builders of any size would be able to deliver this fully fit-up, 7-story, highly complex courthouse in less than a year. And, remarkably, the Cummings quote was reportedly just half that of the next lowest bidder. This small firm definitely gets the big picture."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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