News: Front Section
Posted: January 28, 2022
Nordblom Company names Galletta as new chief investment officer
Burlington, MA Nordblom Company has completed the addition of Kris Galletta to its in-house team of real estate professionals. In the newly created position of chief investment officer, he will focus on growing Nordblom’s portfolio, particularly with respect to life science and advanced manufacturing/makerspace, as well as building upon the firm’s existing capital relationships.
Galletta joins the company after serving over 16 years with Boston-based real estate private equity firm Alcion Ventures, most recently as a partner, where he was responsible for developing joint venture relationships, identifying and executing on investments, and on-going asset management of a portfolio of development and value-add assets spanning several major U.S. and Canadian cities.
“We are pleased to have Kris join our platform. He brings a breadth of experience that will complement and expand our investment initiatives,” said Todd Nordblom, president of Nordblom Co.
In his role, Galletta will work closely with stakeholders to define and implement the firm’s commercial investment strategy in an environment of changing office, R&D and life science demand.
“Nordblom Company has a reputation for integrity, forward-thinking and results earned over many decades. I’m excited for the opportunity to join this team and play a role in the continued growth and evolution of this real estate investment platform,” said Galletta.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Quick Hits
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.