News: Appraisal & Consulting

MA & RI chapter of Appraisal Institute president's message: Chapter plans for 2014

I didn't envision I would ever be writing a president's message but here I am, newly installed and ready to go. I'm sure the year will pass quickly, they all seem to. I read somewhere that a wise person once said Abraham Lincoln was a great president because he knew he was only acting president. I'll keep this in mind as I navigate through the year. I know my predecessors have created a seasoned, well-oiled machine. I'll try to hand it off next year in equal if not better condition. The success of our chapter is built upon the strength of our volunteers and our incredibly talented executive director, Lianne Andreucci. In 2014, I've been able to retain several experienced and highly effective committee chairs. In addition I've attracted some new, excited volunteers to lead a several committees. I'm confident we have the pieces in place to build on our success. My theories on leadership are constantly evolving. I recently learned a valuable lesson that I would like to share. In November I had the pleasure of moderating a candidates event. We were fortunate to have Joseph Magdziarz, MAI, SRA, the 2011 Appraisal Institute national president in attendance and he was gracious in giving time to the group. I had carefully prepared a presentation that included an explanation of the leadership structure of the Appraisal Institute. It started by defining our national leadership, discussed the importance of the regional layer and ended at the chapter level. I thought it went well until... Magdziarz took the microphone and proceeded to school me. Magdziarz's point was simple. The organization doesn't start at the national level. The organization is the membership and leadership exists to serve its membership. A simple concept but one that is often overlooked. With this lesson in mind my principle goals for 2014 are to focus on promoting opportunities for the advancement of our membership. Our candidates and education committees are working hard to produce programs to help members achieve higher levels of professional excellence and competency. Last year was the kickoff of the Candidates for Designation program. Deborah Carlson, Maureen Mellen and Ken Dicks, MAI did an outstanding job forming the candidates committee and developing effective programs for our 92 candidates. We conferred five designations in 2013. In 2014 we will commit additional resources to build on the accomplishments of the committee. I look forward to awarding an even greater number of designations in the coming year. Our education committee, co-chaired by Edward Bowler, MAI and John Drew, did an incredible job in 2013. We are fortunate they've agreed to return. I decided to expand the committee by three volunteers in 2014 to extend Bowler and Drew's valuable experience to the next generation of leaders. Our "all in" approach to education is paying dividends. We have created a sense of stability and commitment for our offerings. We have a full slate of exciting classes and seminars ready to go in 2014. Another focus in 2014 will be the union of our Rhode Island branch membership. 2013 brought the merger of our chapters and the creation of the Rhode Island branch. We've incorporated Rhode Island members into our leadership and I've added more members to our team in 2014. I intend to work closely with branch leadership to listen to their ideas and promote their interests. Finally, on a lighter note, I've committed to bringing back the John Hewitt and Paul Kinsella Golf Outing, a joint event with the MBREA. In addition to being a great day of golf and networking we will raise needed funds for our Hewitt and MBREA's Kinsella scholarship funds. Stay tuned for more on this event and don't be shy if you have a desire to help with the coordination of the outing. 2014 will be a year of challenge and adaptation. Overall, the chapter's health remains strong. We have an energized board of directors and the commitment of many volunteers serving on committees. My mission in 2014 is to focus the chapter's considerable strengths and energies to provide abundant high-quality education and programming for the purpose of advancing our candidates toward designation. Joseph Comperchio, SRA, is the 2014 president of the Mass. & R.I. chapter of the Appraisal Institute, and works for commercial banking at Chase, Boston, MA.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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