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On November 17, CREW Boston members spoke to students from Babson College’s Real Estate Association. The panelists discussed their education, career development, and current position within the commercial real estate industry. Areas of commercial real estate that were discussed include development, finance, management, and brokerage. Students were also encouraged to apply for the CREW Boston scholarship.
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At November CREW Boston Lunchceon at the Hyatt Regency Boston, Kaminkow said retail is being built by both the old, bricks, and the new, clicks. But the big difference on the bricks side is that, with the universal availability of shopping by click, it now has to be not just a place to look and buy – but an experience. The dying old mall is being reinvented, she said, as a platform in the new age of superabundance, for the sophisticated consumer, based on research into how she/he shops.
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On Tuesday, November 10, Bob Biggio, Vice President of Facilities at Boston Medical Center, addressed the Meds & Eds Networking Group at Payette’s offices. Bob gave an overview of BMC’s $300M project to renovate their main Albany Street campus in Boston. He talked about how the changing healthcare climate and BMC’s financial challenges led to a new approach to physical space. The hospital is now viewed as a model for future hospital turnarounds in the U.S. The topic generated lots of questions and a great discussion.
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During the Commercial Real Estate Finance 101 Professional Development Seminar in November, Tod McGrath a Lecturer in the Department of Urban Studies and Planning (DUSP) at MIT and President of advisoRE, LLC walked attendees through financial jargon to help them better understand key terms used in today’s commercial real estate world. Seminar participants learned, among other topics, the meaning and calculation of present value and net present value, how to determine if cap rate is important, the definition of NOI (Net Operating Income), and the applicability of all these concepts to the buying and selling of assets.
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On Wednesday, October 28th CREW Boston members and guests painted, networked and laughed at The Paint Bar on Newbury Street. Our painters created their own unique masterpieces on canvas tote bags. The scene was a “Starry Night Over Boston”, which included a depiction of Boston’s iconic skyline.
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On October 22, CREW Boston members spoke to students at Suffolk University’s F.I.R.E. (Future Investors In Real Estate) club meeting. The panelists discussed their education, career development, and current position within the commercial real estate industry. Areas of commercial real estate that were discussed include development, finance, management, brokerage, and law. Students were also encouraged to apply for the CREW Boston scholarship.
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The CREW Boston Public Strategies Committee (PSC) held its monthly breakfast meeting on Wednesday, October 21 and committee members were treated to an “insider view” of the development of the new Boston Public Market. Situated on the Rose Kennedy Greenway and on the ground floor of MassDOT’s Parcel 7 facility, the Boston Public Market is highly accessible by foot or transit with the Haymarket T station within the existing building. Presented by CREW-Boston and PSC members Kate Mora and Caitlin Gilman of Architerra and Amy Prange of Colliers.
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CREW Boston members toured Samuels & Associates’ most recent development – Van Ness – located at the 1325 Boylston Street in The Fenway neighborhood. The tour was led by Abe Menzin and gave insight into the development process, including Boston’s first City Target. Members learned about how this building is changing the landscape in The Fenway and ended the evening with a reception overlooking the city.
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At the October Luncheon Program, CREW Boston member Kristin Blount moderated a panel comprised of Dave McLaughlin of WeWork, Lois Goodell of CBT Architects and Levi Reilly of Skanska to discuss the changing landscape of workplaces. In a move toward creating more efficient workspaces and workplaces where millennials would like to work, many design changes have been made to increase mobility, flexibility, density, sustainability and to create varied places for collaborative working.
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CREW Boston members and colleagues enjoyed a round of golf at Wellesley Country Club on a crisp fall day to benefit the CREW Boston Educational Foundation. Established in 2008, the Foundation is a 501 (c) (3) endowed fund that supports the CREW Boston Educational Foundation Scholarship (Scholarship).
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