NEWiRE's commitment to developing emerging leaders
A first-year New England Women in Real Estate (NEWiRE) member recently expressed how awestruck she was at her first NEWiRE event. She described what a privilege it was to be surrounded by so many accomplished women in the industry to whom she now had access—women who are brokering some of Greater Boston's largest real estate deals, underwriting millions of dollars of transactions, serving as partners of top legal firms or as principals of their own companies. It was not merely their success that amazed her, but the fact that they were willing to network, share their stories, and offer advice.
NEWiRE is a unique organization comprised of women from a variety of commercial real estate disciplines. NEWiRE members recognize the importance of supporting emerging female leaders, and seasoned members enthusiastically accept the responsibility to mentor junior members. They remember what it is like to launch a career and overcome obstacles, while building confidence, expanding your network, and letting your voice be heard.
NEWiRE's commitment to developing emerging leaders has connected the organization to the local student community. The NEWiRE Educational Foundation was established in 2009 to support the NEWiRE Educational Scholarship. The Foundation awards this scholarship to a female student who has a demonstrated interest in the commercial real estate industry, and is entering her junior or senior year of undergraduate school or entering or enrolled in a graduate program at an accredited college or university based in New England.
This year's scholarship recipient, Jennifer Wong, was recognized at NEWiRE's luncheon program on May 24th at the Four Seasons Hotel. Wong will be a junior at Boston College, working towards a degree in economics with an interest in pursuing a career in commercial real estate upon graduation. Wong worked in the real estate industry during the summer of her sophomore year, and enjoyed the fast paced work environment. For Wong, it's not only important to work in a field to which she can add value, but she also wants to have a career that is challenging and enables critical thinking, creativity and problem-solving skills. Wong considers NEWiRE a resource that can provide reassurance and support to young women entering the real estate industry.
NEWiRE's popular networking golf tournament, now in its 16th year, raises money to support the Educational Foundation Scholarship. This year's event, coordinated by a dedicated committee led by Gayle Bourdeau and Angela Parziale, will be held on October 1st at Brae Burn Country Club in Newton.
For more information about the annual golf tournament and a complete listing of our events, please visit our website at www.newire.org.
Holly Nelson is the managing director at TriSail Capital Corporation/BAML and the 2012-2013 president of New England Women in Real Estate (NEWiRE).
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