News: Owners Developers & Managers

Wentworth Master of Science in Facility Management launching in Fall 2012

Wentworth Institute of Technology is launching a new graduate program in Facility Management this fall. The Master of Science in Facility Management (MSFM) program is designed to educate students in management principles, enhance facility management skills and knowledge, and prepare them for advancing their careers in the facility management area. Managing the built environment is an increasingly valued competence that integrates the elements of project management; finance; real estate; employees and their working environment; space planning; building operations and maintenance; and quality assessment. As companies today are particularly focused on implementing cost-cutting measures to improve profitability, streamline operations, and compete globally, students will learn the leadership and business skills necessary to respond to keep their facilities highly efficient and functional. "There are tremendous job opportunities and unmet demand in the growing field of facilities management," said Suzanne Kennedy, chair of the management and facilities dep. "The role of facility manager continues to evolve as organizations become increasingly sophisticated and efficient. More companies recognize the need for facility managers to have an academic background and see the function as a key business operation, especially since it is typically the second highest cost to a business behind labor." The MSFM program, the Institute's third graduate program, is structured as a blended learning model that includes face-to-face and online delivery. It is offered as an evening program for adult learners, and can be completed in five semesters. More information regarding the program can be found at www.wit.edu/msfm
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Mount Vernon Co. acquires John Carver Inn & Spa in Plymouth, MA

Plymouth, MA The Mount Vernon Company (MVC), a Boston-based real estate and hospitality investment firm, has completed the acquisition of the John Carver Inn & Spa, an 80-room property.
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Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact
IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season