News: Retail

James Ainsworth President & CEO Konover Development

Name: James Ainsworth (Jim) Title: President & CEO Company: Konover Development Corp. Location: 135 South Rd., Farmington Conn. Place of birth and year: Portsmouth Virginia Family: Wife- Nancy; son-Daniel College: Bucknell University First job outside of real estate: Howard Johnson's - Waiter First job in real estate or allied field: Hartford Development Group, CFO What do you do now and what are you planning for the future? Now: Specializing in retail real estate development throughout New England for national tenants. Projects range in size from free standing pharmacies to power centers. Future: Expanding business to Mid-Atlantic region. Hobbies: Travel, pet rescue, book club. Favorite book: A Prayer for Owen Meany by John Irving. Favorite movie: Brave Heart Person you admire: Ernest Shackleton Key to success: Aim high; deliver higher; expect no less. If you were forced to choose another vocation what would it be? Adventure Tour Guide.
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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