News: Owners Developers & Managers

Fuller of Jones Lang LaSalle named Property Manager of the Year by BOMA

Jones Lang LaSalle property manager David Fuller received the Building Owners and Managers Association (BOMA) Boston Property Manager of the Year Award in a reception held recently at Boston's Seaport Hotel. Four properties managed by Jones Lang LaSalle that were honored: Office Building of the Year - 73 Tremont St. in Boston, 2 Canal Park, 250 Mass. Ave. and 100/200 Technology Sq. all in Cambridge. Approximately 250 business leaders and guests attended the evening event. Fuller was honored in the low rise office category. He manages 250 Mass. Ave., winner in the historic building category, as well as approximately 1 million s/f of first-class office and research lab space throughout Cambridge. The mid-rise tower at 73 Tremont St. won Office Building of the Year in the 250,000-499,999 s/f category. 73 Tremont is active in the Boston Artery Business Committee where they gather with downtown business leaders to ensure involvement in decisions that affect the community. The building is owned by Tremont Street Realty LLC, and is managed by Carol Griffin. 2 Canal Park was awarded Office Building of the Year in the 100,000-249,999 s/f category. It is owned by TA Associates, and is managed by Jan Reardon. Each year, 2 Canal Park raises funds for the Alzheimer's Association with their "Memory Walk." 100/200 Technology Sq., owned by ARE-Tech Square and managed by Kristina Descoteaux, won the award in the renovated building category. The building recently completed its fourth renovation featuring its conversion from office to laboratory space.
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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