News: Owners Developers & Managers

Meet IREM Member: Christopher Mellen

Boston area real estate executive Christopher Mellen, CPM, ARM, has been elected president-elect of the nearly 19,000 member Institute of Real Estate Management (IREM), an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. Serving a one-year term beginning immediately, Mellen is a vice president of the Simon Companies, a national real estate owner, manager and developer headquartered in Braintree, Mass. With over 30 years of property management experience, Mellen earned IREM's CPM designation and its ARM certification in 1983. He has long been active in IREM's Boston Metropolitan Chapter No. 4, and has held numerous chapter leadership positions, including that of president. As well, he has been active in IREM at the national level, serving as a senior vice president, regional vice president and as a current member of the IREM executive committee. Mellen is on the real estate faculty of Boston University and also is a faculty member of IREM. He has twice been named "Real Estate Executive of the Month" by the New England Real Estate Journal, and was honored with induction into IREM's Academy of Authors. Mellen earned a BBA in real estate from Temple University and an MS in management from Boston University; also, a graduate certificate in project management and a master's of science in management from Boston University. He holds a Massachusetts real estate broker's license.
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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