News: Spotlights

New England SIOR holds annual Scholarship Night Oct. 21st

The New England SIOR Chapter held its Annual Scholarship Award Night on October 21st at the Dedham Country and Polo Club. Approximately 35 SIORs and guests attended the event. Greg Klemmer, Chapter president began the evening thanking our sponsor Vantage Builders and then announced that SIOR National has developed the Legacy Circle for members of 30 years or more. Legacy Circle members receive complimentary convention registrations and Klemmer announced that within the New England Chapter the sole member was Chip Detwiller. Congratulations to Chip for becoming part of this prestigious circle and his years of commitment. Klemmer then stated it was just as important to attract new members and announced that during 2009 the Chapter developed the Candidate Program for up and coming brokers of less than 5 years' experience who are committed to earning their designation with SIOR. This year the newly accepted candidates are Mike Zieja, John Dolan and Bill Lynch of Meredith & Grew. Three other brokers are also pending: Mike McCarthy, Tim Brodigan and Evan Gallagher. Klemmer reviewed the genesis of the New England Chapter/Robert W. Holmes Scholarship Award which is given by the Chapter to an "up and coming" Boston area commercial broker, with less than three years' experience. The scholarship offers the broker the opportunity to attend an SIOR course at an SIOR National Convention. The Scholarship was started three years ago with the efforts of Mark Stevens and Garry Holmes. Stevens then spoke to the attendees on the background of Bob Holmes' professional career at Ryan Elliot and becoming an SIOR in 1970. Holmes then worked at Nordblom Co. prior to starting his own firm in Natick in 1976 and entering into virgin territory of the Rte. 495 market. In 1979, Holmes became the SIOR Chapter president. Garry Holmes then followed his father years later and served as Chapter president as well and now chairs the Chapter Scholarship Committee. Past recipients have included Jeremy Freid and Tim Brodigan. Klemmer announced that this year there were two co-recipients; Mike Zieja of Meredith & Grew and Evan Gallagher of NAI Hunneman Commercial. Each recipient received $2,000 for tuition, room and board towards an SIOR course and to attend the Fall National Conference. The Chapter would like to thank Vantage Builders, Inc. for sponsoring this event.
MORE FROM Spotlights
Spotlights

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!
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Navigating conversations and industrial real estate: Unveiling the intricacies with a dash of dad jokes - by David Skinner

Here are a few of my favorite topics of conversation: politics, religion, money, and relationships. Other than a below average level of social capability, why do you suppose that those are some of my favorite conversation pieces? Well, I believe that there is a fascinating truth hidden within these realms
Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Two popular sources of commercial real estate financing are banks and insurance companies. According to the Mortgage Bankers Association, banks and insurance companies combined hold 54% of the nearly $4.7 trillion in outstanding commercial mortgages as of the end of 2023. Both of these lender groups are subject to regulations
CRE market continues to navigate and adjust - by Kristie Russell

CRE market continues to navigate and adjust - by Kristie Russell

The New Hampshire commercial real estate landscape has experienced notable fluctuations in recent years. Within the office sector, there has been a consistent uptick in available space since 2020, attributed to a wave of companies downsizing or closing their New Hampshire operations. However,