News: Financial Digest

Real Estate Finance Association names 2014 board of directors: O'Neill of Holland & Knight LLP named president

The Real Estate Finance Association has named their board of directors for 2014. John O'Neill of Holland & Knight LLP, will serve as President and Andrew Rosen of Bank of America Merrill Lynch, will serve as the president-elect. O'Neill serves as co-chair of the firm's real estate finance team. He practices primarily in the real estate and real estate finance area. O'Neill is experienced in representing institutional and international investors, in a variety of investment structures, in the acquisition, financing and disposition of single-and multi-asset pools throughout the country. O'Neill regularly works with clients in structuring and negotiating joint venture agreements. In addition, he has substantial experience in representing financial institutions and borrowers in real estate financing transactions for commercial, industrial, hotel and multi-family projects and has developed a particular expertise in advising clients in the defeasance process. He also routinely represents tax credit investors and their advisors in modifications, dispositions and work-outs of existing transactions. REFA has also announced three new members of the board: * Ryan Bradley, Colliers International; * Sarah Lagosh, Eastdil Secured; and * Tim Mulhall, Colliers International. The following will continue to serve on the board for 2014: * Paul Ayoub, Nutter McClennen & Fish; * Bruce Bagdasarian, Sheehan Phinney Bass & Green; * Peter Brockleman, TD Bank, N.A.; * Travis D'Amato, Jones Lang LaSalle; * Tom Goodwin, DebtX; * Martha Faigen, Riemer & Braunstein LLP; * Bill Flynn, Net Lease Capital Advisors; * Natalie Herald, Fidelity Management & Research; * Michael Hussey, US Bank; * Thomas Landry, TA Associates Realty; * Paul Jakubowski, WilmerHale; * Jim Lerner, Goulston & Storrs; * James Magaldi, Boston Properties; * Gail McDonough, Colliers International; * Keith Munsell, Boston University School of Management; * Paul Nasser, Intercontinental Real Estate Corporation; * Eric Nelson, Winstanley Enterprises, LLC; * Doug Novitch, Wells Fargo Bank; * James Partridge, Capital One Bank; * Tom Pereira, Boston Capital; * Timothy Schlitzer, MassPRIM; and * William Tanski, Realty Financial Partners. REFA's Annual Forecasting Luncheon - January 15th REFA's Annual Members Only Forecasting Luncheon will take place on Wednesday, January 15th at WilmerHale LLP's office in the city. This is the most popular members-only event of the year, as attendees are asked to predict where various economic indicators will stand at the close of 2014. In addition there will be a panel discussion moderated by Frank Petz, managing director, from Jones Lang LaSalle, and features three prominent industry leaders who will break down the economic outlook for real estate in 2014: * Shawn Hurley, executive vice president, Skanska; * Alicia Sasser Modestino, senior economist, Federal Reserve Bank of Boston; and * Anthony Pangaro, partner, Millennium Partners.
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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