The New England SIOR Chapter board met recently to discuss 2009. Greg Klemmer, as the new Chapter president, welcomed the 10 attending board members. Klemmer started the meeting with a focus for new qualified candidates. There was a lengthy conversation about the recruitment system and processing applications. He wants SIOR Chapter members to invite candidates to the breakfast events and observe the value of the SIOR designation. We currently have 60 Chapter members with 3 or 4 new designees. The Chapter has also published a new Chapter flyer for prospective members. The Treasurer's Report shows the Chapter remains in good financial shape and we continue to have outside sponsors for our events. The board also voted to develop a chapter website and hire a tech person to install FrontPage. The chapter will also hold Bull N' Beer events during 2009 and discussed other popular breakfast Landlord featured events.
Garry Holmes was then congratulated by the board for receiving The President's Award by the Mass. Chapter of NAIOP for his volunteer work at the NAIOP Mass. Chapter Annual Meeting. Jonathan Davis, the 2008 Chapter president, presented the 2008 President's Award to Holmes who served as the chair of the 2008 Charitable Events Committee. In addition, Holmes has planned the market roundups and annual forecasts that NAIOP presents with SIOR Chapter for the last 9 years. Congratulations to Garry for all his efforts with NAIOP and SIOR!
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 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!
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 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