News: Spotlights

Nahigian receives the 2009 James Felt Creative Counseling Award

Rob Nahigian, FRICS, SIOR, CRE of Auburndale Realty Co. was the recipient of the 2009 James Felt Creative Counseling Award at The Counselors of Real Estate National Conference at The Waldorf-Astoria, New York City on March 30th. This award is given to a CRE for the most outstanding achievement and ingenuity counseling project nationally. Nahigian's project was a 3 year project for the Abby Kelly Foster Charter School, spearheading its real estate acquisitions. The acquisitions consisted of a $37 million, 301,259 gross s/f complex situated on 15 acres known as 6 and 10 New Bond St., Worcester. Nahigian was engaged for this project during September, 2005 and it was completed June 19, 2008. It is one of the largest real estate charter school acquisitions in U.S. history. Nahigian acted as the real estate counselor and took the project from concept to closing. He worked closely throughout the process with the superintendent of schools, Robert Harrington. Established in 1992, the James Felt Creative Counseling Award recognizes the most innovative and creative counseling on complex real estate issues in an ethical, objective and expert manner. Nahigian was congratulated for his creativity, commitment and expertise, all contributing to the resolution of the school's expansion issue.
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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