News: Financial Digest

Greater Boston Real Estate Board installs Ayoub as the 2018 REFA president

Boston, MA On Wednesday, January 17, The Greater Boston Real Estate Board (GBREB) swore in their 2018 officers and division presidents which included The Real Estate Finance Association (REFA) president – Paul Ayoub of Nutter, McClennen & Fish LLP

2018 GBREB Officers: 

Shown (from left) are: Marie Presti, The Presti Group; Kate Franco,
Trinity Management, LLC; Erika Clarke, National Development;
Michael DiMella, Charlesgate Realty Group; Amy Bush, Brookfield
Property Partners; Michael Hussey, US Bank; Bill Dermody, Century
21 Commonwealth; John Dolan, McCall & Almy.

• Chairman: Michael DiMella, Charlesgate Realty Group;
• Chairman-Elect: Michael Hussey, US Bank;
• Treasurer: Erika Clarke, National Development; and
• Clerk/Assistant Treasurer: Bill Dermody, Century 21 Commonwealth.

2018 Division Presidents 
• BOMA: Amy Bush, Brookfield Property Partners;
• CBA: John Dolan, McCall & Almy;
• GBAR: Marie Presti, The Presti Group;
• REFA: Paul Ayoub, Nutter, McClennen & Fish LLP; and   
• RHA: Kate Franco, Trinity Management, LLC.

REFA is one of the five divisions of the GBREB. Founded in 1889, the GBREB currently has over 12,000 members who are professionally engaged in all sectors of the industry. One of the local boards of the National Association of Realtors (the largest trade association in North America), BOMA International and the National Apartment Association, GBREB is considered nationally unique due to its varied membership base. Other divisions include: Building Owners and Managers Association (BOMA); Commercial Brokers Association (CBA); Rental Housing Association (RHA); and Greater Boston Association of Realtors (GBAR).

On Wednesday, January 24, REFA hosted its Annual Forecasting Luncheon at WilmerHale with over 140 in attendance. Keynote speaker Hans Nordby, managing director, CoStar Group gave an economic overview followed by a panel discussion including speakers Dave Greaney, president, Synergy Investments; Garrett Larivee, EVP, McCall & Almy; Lauren O’Neil, senior managing director, HFF and moderator Paul Ayoub, Partner, Nutter, McClennen & Fish LLP, 2018 REFA president.

On Friday morning, February 9, REFA held the first of a two-part Education Series Program on Tax Reform at PwC’s office in the Seaport. John Sheehan, Real Estate Tax Partner with PwC, helped break down the legislation of the “Tax Cuts and Jobs Act”, including the potential impacts on the real estate industry.

For more information about REFA and upcoming events, please visit our website at www.REFA.org.  Follow REFA on Twitter and LinkedIn @REFABoston.

MORE FROM Financial Digest

Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.