News: Financial Digest

Hirschen named partner at Gray, Gray & Gray, LLP

Richard Hirschen, CPA, has been elected a partner at Gray, Gray & Gray, LLP, certified public accountants. Hirschen joined Gray, Gray & Gray in 1996, and was promoted to manager in 2004. He is a member of the firm's employee benefit plan practice group, as well as providing accounting and audit services to a wide range of clients. Hirschen is a member of the American Institute of Certified Public Accountants, the Massachusetts Society of Certified Public Accountants, and the New England Employee Benefits Council. He is a resident of Needham, MA, and a graduate of the University of Massachusetts-Amherst. "We are very pleased to welcome Rich Hirschen into the partnership," said Joe Ciccarello. "His dedication to the firm and consistently high level of performance have been important contributing factors to the firm's growth. He has demonstrated his leadership abilities over the years, and we expect Rich to be a valuable and effective partner." About Gray, Gray & Gray Gray, Gray & Gray, LLP (www.gggcpas.com) is one of New England's leading independent accounting firms, and serves closely held companies in a broad range of industries. Gray, Gray & Gray is a member of CPAmerica International, a global network of independent accounting firms. Gray, Gray & Gray's offices are located at 34 Southwest Park, Westwood, MA and at 276 Union Avenue in Framingham, MA.
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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