News: Owners Developers & Managers

NAHMA awards First Realty Mgmt. its Quality Ptrs. designation

The National Affordable Housing Management Association (NAHMA) has awarded First Realty Management its Communities of Quality Corporate Partners designation through a certification program that recognizes the outstanding achievements of property managers and owners who provide high-quality, affordable multifamily rental housing. This achievement was based in part on the number of affordable rental properties in First Realty's management portfolio that have attained the industry trade group's highest recognition, the Community of Quality designation. Each property must earn numerical scores for physical inspections; employee credentials; financial management; programs and services; endorsements; as well as required photographs and independent, third-party reports and assessments. The community of quality certification is awarded when a property achieves a score of 225 or more points. Eight affordable properties managed by First Realty have earned certification for having achieved a high standard of excellence in the way they are managed, the services they provide residents, the experience and training of personnel, and other criteria. The properties include Brandywyne Village in East Boston, Burbank Apartments in the Fenway, Camelot Court in Brighton, Cummins Towers in Roslindale, Davis Commons in Brockton, Kent Farm Village in East Providence, Mountain Village in Worcester and Tammy Brook Apartments in Weymouth. NAHMA created the COQ National Corporate Partners Recognition program as a way to acknowledge companies that provides the highest-quality affordable housing to lower-income residents while adding value to its larger community.
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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