News: Front Section

Jones Lang LaSalle wins two BOMA Mid-Atlantic Office Bldg. of the Year Awards

Jones Lang LaSalle Inc. (JLL), had two buildings named as the Building Owners and Managers Association (BOMA) Mid-Atlantic Regional TOBY (The Office Building of the Year) Award winners. The JLL managed properties recognized are One Financial Center in the Over 1,000,000 s/f category, and Westboro Executive Park in the Suburban Low-Rise category. The BOMA TOBY Awards recognize excellence in building operation and property management. The 2009 BOMA Mid-Atlantic Conference Regional TOBY Awards Dinner will be held on March 23rd at the Hyatt Regency Capital Hill in Washington, D.C., in conjunction with the BOMA International National Issues Conference. One Financial Center, owned by Dewey Sq. Tower Associates LLC, is a 46-story, 1.3 million s/f first class office tower that has become a prominent part of the Boston skyline. The management team includes general manager Wendy Pierce and assistant property manager Angela Morgan.   Westboro Executive Park is comprised of 110, 112 and 114 Turnpike Rd., three first class office buildings totaling 217,000 s/f on Rte. 9 in Westborough, Mass. The complex is managed by general manager Amy Forman, with Charleen Taylor serving as the assistant property manager. "These two properties faced very impressive competition at both the local and regional levels," said Peter DeLuca. managing director of JLL. "Our commitment to best practices, tenant relations, and energy conservation will set them apart at the upcoming international competition." BOMA Boston (a division of the Greater Boston Real Estate Board) also had Stony Brook Office Park and One Boston Place/BNY Mellon Center recognized in the Suburban Mid Rise and Earth categories respectively. BOMA Boston members competed against more than 45 buildings in 14 categories. BOMA recognizes excellence in property management through its TOBY program. BOMA Boston represents over 100 million s/f of commercial real estate space in downtown and suburban Boston.
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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