News: Rhode Island

IREM to host visit by national president Machen on May 1

Greater Rhode Island Chapter 88 of the Institute of Real Estate Management (IREM) will host a visit by its national president, Beth Machen, CPM, on May 1. Machen will address chapter members at its annual awards dinner to be held at the Crowne Plaza. Machen's remarks will focus on key initiatives IREM is undertaking to keep members abreast of the latest trends, techniques and technology in real estate management. Greater Rhode Island chapter 88 is one of the organization's 80 chapters nationwide. The chapter contains 200 members and more information can be found about its activities at www.iremri.org. IREM is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. An affiliate of the National Association of Realtors, IREM is the home for all industry professionals connected to real estate management - and the only organization serving both the multifamily and commercial sectors. They believe that good management matters, and that well-managed properties pay dividends in terms of value and in the quality of life for residents, tenants and customers. They believe in professional ethics. They believe in the power of knowledge and the importance of sharing it. IREM offers a variety of membership types for professionals of every experience level, from onsite managers to high-level executives. Their credentials are earned by meeting high standards of education, experience, and ethical business practices.
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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