News: Retail

ICSC Foundation awards Charles Grossman Graduate Scholarship to Finigan and Stafets

According to The International Council of Shopping Centers (ICSC) Foundation, Alexander Finigan from Columbia University and Tatijana Stafets from The University of Chicago have been awarded the Charles Grossman Graduate Scholarship. The scholarships were presented on May 24 during ICSC's RECon, the global retail real estate convention. This is the first year that the award was presented as the Charles Grossman Graduate Scholarship. It was previously known simply as the Graduate Scholarship. The ICSC Foundation renamed the award in the latter half of 2009 after the late Charles Grossman who served as the Foundation's chairman from 2006-2007 and was very instrumental in taking the Foundation in its current direction. The award provides the recipients with a $10,000 academic scholarship. Additionally, new this year, the award afford these students with the opportunity to attend RECon through a grant for all travel expenses. The scholarships are available to full time graduate students, who are also ICSC members that indicate a preference for a career in retail real estate. "The Foundation recognized that attending RECon is an invaluable experience that will expose students to unmatched networking opportunities as well as current industry innovations," said Michael Kercheval, president and CEO of ICSC. "This newly added benefit optimizes the award, giving future industry leaders the ability to learn about current challenges and prepare for future opportunities," Kercheval said.
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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