News: Financial Digest

MassHousing's Milewski inducted into the New England Mortgage Bankers Hall of Fame

MassHousing's Peter Milewski was recently inducted into the New England Mortgage Bankers Conference Hall of Fame for his more than 40 years of excellence in mortgage banking. Milewski, of Duxbury, is the director of MassHousing's Mortgage Insurance Fund and also the agency's manager of Homeownership Business Development. He received the honor at the 25th Annual New England Mortgage Bankers Conference (NEMBC) in Newport, R.I. The NEMBC is comprised of mortgage bankers associations from the five New England States. "This is a very humbling experience," said Milewski. "In the years I have worked in the industry I have had the honor to work with the industry pioneers, the best, the brightest and the bravest, all of whom are more deserving of this honor than I am." Prior to joining MassHousing in 1999, Milewski was a division manager for Advanced Financial Services, an account manager at Republic Mortgage Insurance Company, regional vice president at Mellon Mortgage, an account executive and regional director for Mortgage Guaranty Insurance Corporation, assistant treasurer at Plymouth Savings Bank and a branch manager at Shawmut Bank.
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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