News: Connecticut

How we want our companies to perform in 2013

As we begin the last quarter of 2012 our focus will be on how we want our companies to perform in 2013 and building our 2013 budgets from a workload and personnel perspective. While the economy has shown some small signs of recovery, the upcoming election will play a big role in how our economy performs over the next several years. Our biggest focus will be setting priorities as we build our business plan and our annual budget. This means we will look at what we currently do and decide what items should be the focus items and how we will accomplish them over the coming year. We need to realize that our staff and resources are already spread very thin due to cost cutting measures over the last few years. In order to meet these goals we need to look at what we can start doing, what we need to stop doing and what we need to keep. We sometimes need to realize we cannot do everything on our 'wish' list with the resources that are available. There may be things that we need to stop doing, which may be painful, but there is a positive advantage to eliminating tasks or services that really are less important on our priority list. By instilling this new philosophy of start, stop, keep our entire team structure and how employees and services are utilized will need to change. We will need to use personnel and resources in different ways than they originally imagined. You may find that individuals that were never assigned to certain tasks can become masters of that task. By beginning this new philosophy we will be doing fewer things, but we will be doing them really well, versus many/diverse tasks in a mediocre fashion. In order to succeed in this market we really need to reinvent ourselves and our service delivery in order to ensure our priorities are met to their highest potential. We will again become "experts" in our given field. This will allow us to achieve our goals and prioritize what is most important for the success of our employees and our companies. Debbie Smith, president of Southern Connecticut BOMA, is with Cartus, Danbury, Conn.
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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