News: Financial Digest

O'Neill sworn in as 2014 REFA president at GBREB installation

John O'Neill of Holland & Knight LLP was officially sworn in as the REFA's president for 2014 at the Greater Boston Real Estate Board's (GBREB) installation of officers event held on January 30, at WilmerHale LLP. Sworn in alongside O'Neill were the four presidents representing the other four divisions of the GBREB in addition to REFA: The Commercial Brokers Association (CBA), The Building Owners and Managers Association (BOMA), The Greater Boston Association of Realtors (GBAR), and The Rental Housing Association (RHA). In addition, Gordon Pulsifer, CEO and Founder of First Resource Companies, was sworn in as Chairman of the GBREB. REFA programming continues to be strong into the first two months of the year. On January 8, REFA Education hosted a fundamentals program on the basics of insurance. The presentation was led by Bernie Gitlin of Risk Strategies Company and was well received. Also in January, Peter Palandjian, chairman and CEO of Intercontinental Real Estate Corp. hosted an Emerging Leaders Series at his office in Boston. Palandjian talked about his career path and offered personal insight on professional development. The Emerging Leaders Series programs are planned by the REFA emerging leaders committee, and are intended to give younger professionals the opportunity to network and engage with a senior-level executive in the industry. On the heels of the very successful Annual Forecasting Luncheon in January, REFA held their Annual MBA Wrap-Up Luncheon on February 13 at PricewaterhouseCoopers LLP. This annual luncheon serves to give perspective and analysis from the Mortgage Bankers Association's Annual Commercial Real Estate Finance/Multifamily Housing Convention and Expo, held this year in Orlando. Greg LaBine from HFF moderated a panel of industry experts who attended the conference, including Joanne Adkins from John Hancock Real Estate Finance Group, Todd Goulet from KeyBank Real Estate Capital, and Marilyn Mawn from JP Morgan Securities, Inc. The next REFA education program, titled, Asset Allocation for 2014 - How Institutional Capital will be Flowing into Real Estate, will take place on February 27 at PricewaterhouseCoopers LLP. Sean Ruhmann from NEPC, LLC will moderate a panel discussing real estate as an asset class, views of the real estate market today, and how allocation of capital to real estate will look in 2014. Panelists include Marc Cardillo from Cambridge Associates, Paul Mace from Tufts University, and Tim Schlitzer from MassPRIM. For more information about REFA upcoming programs and events, please visit our website at www.REFA.org.
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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