News: Rhode Island

MPM names Horgan manager for two Westminster St. buildings

Kathleen Horgan has joined MPM Properties LLC as property manager for the 19-story 100 Westminster St. tower, formerly the Bank of America building, and adjacent five-story bank building at 63 Westminster St. MPM recently signed a contract with the new owner of the buildings, New York City-based O'Connor Capital Partners, to manage the Class A office space. Horgan will have financial and operations responsibility for the buildings. She has more than 16 years of property management experience, most recently with Boston Properties, overseeing a portfolio of Class A office towers at The Prudential Center, Boston, for two years and suburban Boston properties for the previous four years. Prior to that, she was a project manager for Peter Elliot LLC, serving for more than a year on the Boston Redevelopment Authority's eminent domain acquisition of land for the Mass. Convention Center in South Boston. Earlier positions included one and one-half year stints each as an asset manager for Fleet Bank, Providence, and as a property manager for Trammell Crow, N.E., Inc., Providence. She worked for five years with Compass Management, Boston, as a facility manager for Digital Equipment Corp. and operations director for One Boston Place, and a year with The Codman Company, Boston, as a property services assistant. Horgan's professional affiliations include membership in the Building Owners and Managers Association and New England Women in Real Estate. MPM Property Management LLC, headquartered in Providence, is a multi-faceted commercial real estate firm serving the New England area. The company's areas of concentration are property management, construction services, parking facility management and real estate development.
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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