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Pierce Atwood LLP expands with addition of Novak

Pierce Atwood LLP continues to expand its real estate practice with the addition of Richard Novak, a partner with more than 25 years of experience in real estate investment, development, permitting, and finance. Prior to joining Pierce Atwood, Novak was a partner in the real estate practice group at K&L Gates, where he also served as a member of that firm's distressed real estate task force. Novak concentrates his practice on institutional real estate investments for developers, owners, investors, banks, insurers, and special servicers in adaptive reuse development projects, portfolio and single asset restructurings, acquisitions and dispositions, hotel and office complex restructurings, and both build to suit leasing and ground lease development projects. His practice has included representation of large shopping center owners in lease deals and joint ventures, representation of lead lenders in numerous loan modifications, note sales, foreclosures, and related workouts, successful representation of owner partnerships in a high profile bankruptcy restructuring and recapitalization of Boston's largest office complex, and a wide array of significant leasing, financing, and development matters. Novak has taken leadership roles in a variety of professional organizations, having served as president of the Real Estate Finance Association and director of the Greater Boston Real Estate Board. He is also a member the Real Estate Bar Association for Massachusetts, the Boston Bar Association, the Urban Land Institute, and NAIOP. Novak also served as member and chair of the Town of Sherborn (Mass.) Planning Board and is currently a member of that town's Zoning Board of Appeals. He has been recognized by Super Lawyers in the area of Real Estate Law since 2004 and by Best Lawyers in America since 2013. Pierce Atwood LLP, a leading New England law firm, and one of the largest in northern New England, has 140 attorneys that serve regional, national and international clients from offices in Portland and Augusta, ME; Portsmouth, N.H; Boston; Providence, R.I; Stockholm, Sweden; and Washington, D.C.
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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