News: Front Section

Smith joins Equity Office as market managing director and Conley promoted to senior vice president

Equity Office Properties hires Mark Smith as the new market managing director. Smith has 27 years of experience in the real estate industry and was formerly president of Winthrop Realty Partners LP. Smith will join the Equity Office team this month. In addition, John Conley has been promoted to senior vice president of asset management and will oversee asset management and leasing activities in the city's market. working with Sandra Lally, vice president of operations, to continue to lead operations. The Equity Office portfolio-over 12 million s/f of class A office space in the market-is rich with signature properties including South Station, Rowe's Wharf, One Memorial Dr., 500 Boylston St., New England Executive Office Park, One Post Office Sq. and the Wellesley Office Park. "We look forward to having Mark work with the community to maintain our leadership role in the Boston market," said Chris Hendricks, executive vice president and chief operating officer at Equity Office Properties. "Mark's experience in financial management, leasing and operations make him the perfect fit for the position."
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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