News
CRE Party Time
November 14, 2011
| You think you're busy? National Development, which took top company honors at NAIOP's Annual Awards Gala last week, is doing the full CRE sm rg sbord: multifamily, seniors housing,office, and retail development projects in Boston and the ?burbs in the pipeline. It's also into CRE acquisitions and, as its acceptance video made clear, possesses epic comedic talents. |
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| National Development director of acquisitions Ed Marsteiner, managing partner John O?Neil III, CFO Stephen Kinsella, managing partner Ted Tye, and president Tom Alperin. What's underway: a life science project in the Longwood Medical Area, seniors housing in Wellesley, two multifamily projects downtown, mixed-use life style centers in Medford and Lynnfield, and two suburban offices. The firm's also working with investment advisory affiliate Charles River Realty Investors. In accepting the award, Tom mused, ?We're not national, nor are we limited todevelopment.? In their comedic video, Tom broke into tears of joy while an ebullient Ted recited National?s 25-year history, practically day-by-day. |
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| New England Development chairman and CEO Steve Karpreceived the first Edward H. Linde NAIOP Public Service Awardfor his philanthropy. Steve said he always learned from the late Ed Linde, co-founder of Boston Properties. Steve said it's about more than just donating dollars (he gave $15M to Children's Hospital for research); it's also about committing time to help others. He's on several boards: Children's, Newton Wellesley Hospital, Boston University, the Boston Symphony Orchestra, and Belmont Hill School. Getting into some comedy of his own, he thanked the award presenter, Goulston & Storrs? Alan Rottenberg. ?It's a pleasure to hear you speak for so long without billing for your time.? |
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| We ran into Spagnolo Gisness Architects? Al Spagnolo and Alexandria Real Estate's Joe Maguire, who had their own reason to celebrate. They just broke ground for one of the two new build-to-suits being built for Biogen Idec, which is bringing 700 business-side employees back to the Kendall Square neighborhood after moving them to a Weston build-to-suit just 17 months ago. About 1,300 production and R&D people had remained in East Cambridge near MIT and Harvard. Soon, the entire company will be reunited to optimize its collaborative approach to life science. This building also kicks off Alexandria's 1.7M SF Alexandria Center complex. |
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| Synergy Investment & Development's Brian Crosse, CBRE'sKevin Kennedy, Synergy?s Jim Grady, and COO Steve Brodskywere feeling good about recently filling up 253 Summer St, a 175k SF office building in Fort Point. When the company bought the building a year ago, it was 88% occupied. New tenants include Accretive Solutions and Pohly Co. Existing tenant Neighborhood Health Plan expanded by 8k SF. But Mayor Menino likes to focus on the 3,500 SF taken by Babson College for its satellite MBA program, introducing an educational presence in the neighborhoods around the waterfront that the Mayor has branded as the Innovation District.. |
