News: Owners Developers & Managers

Meet IREM Member: David Rufo

CEO of RCM Services and Clifton Management Co. Rufo has over 25 years experience in the janitorial industry as well as real estate management and development. Rufo began in the industry in an entry-level position, performing general janitorial duties. At various firms, Rufo climbed through the ranks, overseeing janitorial and maintenance crews and was later responsible for general operations at a Boston based real estate company. Prior to forming RCM Services, Rufo was president and director of property management for Rufo Management. Previously, Rufo held sales coordinator and project manager positions for several development companies, overseeing sales and management of large condominium complexes. His duties included finance application, review and compilation and capital improvement coordination. Rufo began his career in the residential sales offices of Jim Kurker & Associates as salesperson and was quickly promoted to sales manager. Rufo was a member of the managers' committee for Community Associations Institute (CAI) and has been and industry partner of the Institute of Real Estate Management (IREM) for over 20 years. Rufo is a Certified Property Manager (CPM) candidate and a licensed Massachusetts Real Estate Salesperson and Construction Supervisor. Rufo attended the University of Massachusetts, Boston, where he concentrated in Residential Real Estate Management and Development. Rufo Cleaning and Maintenance Company, Inc. (RCM Services) is a service organization specializing in janitorial maintenance and repair of condominiums, apartment buildings and commercial and medical office space. RCM's portfolio comprises over 60 condominium associations, 120 apartment buildings and over 450,000 s/f of commercial office space. Clifton Management Company, Inc. has a 210 apartment portfolio throughout Mass. and New Hampshire. Several properties maintained by Clifton Management Company, Inc. house low income individuals and non-profit housing program organizations.
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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