News: Owners Developers & Managers

IREM and CAI recognize each other's designations and educational offerings

IREM is proud of its longstanding reciprocity agreement with The Community Association Institute (CAI). Due to the high quality education offered by both institutions, IREM and CAI recognize each other's designations and educational offerings. CAI recognizes IREM courses leading to the Certified Property Manager (CPM) designation as continuing education credits for the Professional Community Association Manager (PCAM) designation. In return, IREM recognizes the PCAM designation for a criteria to fast track toward obtaining the CPM designation. Managers holding the PCAM designation in good standing are accelerated through the CPM program and only have to complete the ethics course and submit a management plan or pass the Management Plan Skills Assessment (MPSA), and pass the CPM Certification exam to meet the criteria to apply for their CPM designation. This approach bypasses 7 core class requirements normally needed to obtain the CPM designation. To become a CPM you must have 36 months of experience and meet the minimum portfolio size and job functions. You must become a CPM candidate, ARM or ACOM for 12 months prior to your CPM approval. The Boston Chapter holds all CPM required courses in the area each year. These offerings benefit our members in that they do not need to travel out of the Boston area to take a required course. This also benefits CAI members who hold their PCAM designation in that it provides a wide range recognized continuing education courses that meets the requirement for the 3 year renewal of the PCAM and Certified Manager of Community Association designation (CMCA). David Barrett, CPM, ARM, PCAM, AMS, CMCA, is president of RCM Services, Allston, Mass.
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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