Normandy Real Estate Partners, one of the largest real estate owners and operators in the Boston to Washington, D.C. corridor, has appointed Thomas Walsh as principal. In this capacity, Walsh will be responsible for directing all of the company's development and construction activities.  Currently, Normandy has approximately $175 million of major development and construction projects in progress. Â
"Tom Walsh is one of the most respected and accomplished development professionals in the region and we are thrilled to have him join Normandy at such an exciting time in our company's history," said Finn Wentworth, founder and managing principal of Normandy Real Estate Partners. Â David Welsh, founder and managing principal added, "Having worked very closelywith Tom for years while at Gale & Wentworth, Finn and I have the utmost confidence that he will have a tremendous impact on the future growth of our company."
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 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!
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 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