News: Owners Developers & Managers

O,R&L Facility Services receives BOMA Office Building of the Year

O,R&L Facility Services, a Conn.-based property management company, received the Office Building of the Year Award in the government category from the Orlando, Fla. chapter of the Building Owners and Managers Association (BOMA) for its work with Orlando's City Hall. Sue Black, executive vice president, and Doris Wasson, property manager, oversee the project, which provides comprehensive management, maintenance and janitorial services for the 250,000 s/f structure. The Office Building of the Year award is one of the most prestigious and comprehensive of its kind in the commercial real estate industry, recognizing quality and rewarding excellence in office building management. Nominees are judged in areas ranging from community involvement and site management to environmental and "green" policies. O,R&L received the same award for their management of the New York State Department of Transportation (2010) and New York State Department of Environmental Conservation (2009) buildings, both in Albany, N.Y. Currently managing close to $1 billion in real estate net worth, O,R&L's portfolio in both the Northeast and Southeast US includes office buildings, high-rise residential complexes, industrial parks, public and private school systems, college & university campuses, state judicial facilities, government buildings, theme parks, retail complexes and healthcare facilities. To find out more about O,R&L Facility Services visit www.or-l.com. About O,R&L Facility Services Over the last 20 years O,R&L Facility Services has become the industry leader in facility management, property management, and janitorial services for properties and companies in the Northeastern United States and Florida. O,R&L successfully manages, maintains and cleans real estate totaling over 20 million square feet valued at over 1 billion dollars. O,R&L provides a comprehensive roster of services designed to efficiently and economically operate sophisticated real estate investment portfolios, government facilities, corporate campuses, and other modern facilities. A member of the US Green Building Council and a proponent of "Green Seal" Certified Products, O,R&L is the proud recipient of numerous awards for the properties they manage. For more information on O,R&L Facility Services visit the company's website at www.or-l.com.
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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