News: Owners Developers & Managers

Richardson named senior vice president of DTZ's facility management unit

DTZ, a UGL company, has appointed Todd Richardson senior vice president of business development for DTZ's Americas facilities management business unit, which represents $1 billion in annual gross revenue throughout the United States and Canada. He will report to George Keches, DTZ's global president of facilities management. Richardson most recently served as senior vice president of integrated facility management sales for ABM Industries where he led a North America sales team which produced strong organic growth for the last decade. During his tenure at ABM, he helped secure contracts with some of the leading commercial, industrial, financial institutions as well as governments in North America including JP Morgan Chase, BMW, Gannett, the State of California and many others. Over his 20-year property services career, Richardson has demonstrated a strong ability to provide innovative and cost effective facility solutions for property owners and occupiers who look to lower operating costs, increase property value and improve sustainability of their real estate. Prior to joining ABM, Richardson also held senior facilities management and real estate service roles at Jones Lang LaSalle and CBRE. He is a graduate of the University of Southern California where he received a B.S. in Business/Finance.
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Columns and Thought Leadership
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