News: Rhode Island

President's message: The IREM National Diversity Task Force

One thing that is confirmed by the 2010 census is that the United States has undergone, and is continuing to experience, sweeping demographic and social changes. These changes have brought new languages, cultures, values, and attitudes to the realities of leading business entities - both for profit and non-profit - to successful outcomes. Organizations without diversity initiatives risk missed business opportunities, a diminished member or customer base, loss of market share, and a decrease in the ability to attract talented members. In recognition of these changes and the impact on business and social communities, IREM National formed a Diversity Task Force in 2007 and subsequently beginning in 2008 appointed an ongoing diversity advisory board. The diversity advisory board monitors IREM's efforts to attract and welcome a diverse membership - with a focus on ethnic diversity - to IREM through career advancement, education, and certification, and make recommendations for IREM's diversity program. IREM is no stranger to the diverse gathering of people that form our country and particularly our real estate management profession. In fact, IREM encourages diversity. We welcome individuals of all races, genders, creeds, ages, sexual orientations, national origins, and individuals with disabilities. Our organization strives to provide an equal opportunity environment among its members and friends. Greater Rhode Island Chapter 88 past president Susan Monaghan is a member of the IREM National Diversity Task Force representing our chapter's commitment to diversity of membership. Chapter 88 remains committed to the principles of diversity and remains as an organization of professional individuals who are leaders in their profession of property management. Our chapter joins the efforts of IREM National and we welcome individuals of all races, genders, creeds, ages, sexual orientations, national origins, and individuals with disabilities. Our organization strives to provide an equal opportunity environment among its members, vendors, and staff. Anthony Natale is the president of IREM-Greater R.I. Chapter No. 88, Providence.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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.
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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