Mark Your Calendar
Commercial Property Acquisition and Sale Due Diligence: Key Issues and Best Practices
This module is geared to the commercial real estate professional seeking to learn the proper due diligence for commercial real estate transactions. Topics of note include: physical, financial and legal considerations. This course will delve into answering questions such as: What are the deal killers? What is the advanced homework that a commercial practitioner should conduct?
April 10 | 9:00 AM - 12:00 PM | ZOOM
The New MCP: What it Means for Real Estate Development
The Massachusetts Contingency Plan (MCP) regulations govern the assessment, remediation and redevelopment of sites with oil or hazardous materials present. MassDEP recently issued changes to the MCP, which take effect on March 1.
Join NAIOP at this in-depth virtual briefing, where industry experts will overview thematic and practical changes while providing tips on how to navigate the new regulations. Attendees will learn about new and revised definitions, how to manage site risk, and what it all means for commercial real estate owners and development projects in Massachusetts.
April 23 | 9:00 -10:00 AM | ZOOM
Feature Blog Posts
MAYOR WU FILES LEGISLATION SEEKING PERMISSION TO INCREASE THE TAX BURDEN ON COMMERCIAL PROPERTIES
On Thursday, March 28, Mayor Wu announced her intention to file a Home Rule Petition with City Council allowing the City to lessen increases in residential property tax bills caused by declining commercial values by temporarily shifting more of the property tax levy onto owners of commercial and industrial properties. The proposal was filed this week with City Council for consideration at Wednesday’s Council Meeting.
On Friday, March 29, The Boston Globe Editorial Board chose not to endorse Mayor Wu’s proposal, and instead stated their agreement with NAIOP’s position, suggesting that the City consider diversifying revenue streams.
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Dain Torpy Files Amicus Brief on Behalf of NAIOP & Massachusetts Association of REALTORS® in Shoucair v. Zoning Board of Appeals of Boston & Others
On March 8, law firm Dain, Torpy, Le Ray, Wiest & Garner (Dain Torpy) filed an amicus brief on behalf of NAIOP Massachusetts – The Commercial Real Estate Development Association (NAIOP) and the Massachusetts Association of REALTORS® (MAR). Because Boston’s zoning appeal bond requirement is established by statutory text that is distinct from, and pre-dates, the Commonwealth’s separate zoning appeal bond provision, the brief urges the SJC to affirm the Superior Court’s imposition of a bond on the appellant in this case without requiring an “in bad faith” determination.
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NAIOP Massachusetts Installs 2024 Leadership Team
(Boston, MA) – At its Annual Meeting held on November 28, NAIOP Massachusetts, The Commercial Real Estate Development Association, elected a new President and Board members. The Board includes the principals of many of the region’s leading commercial real estate firms.
Kirk Sykes, Co-Managing Director of Accordia Partners, was elected President of NAIOP Massachusetts for 2024. In this capacity, he will work closely with NAIOP staff and Chapter leadership to guide the organization. NAIOP’s 2023 President, Patrick McMahon of Federal Realty Investment Trust, will serve as the organization’s 2024 Board Chair; Doug Manz of HYM becomes President-Elect; Melissa Schrock of Hilco Redevelopment Partners will serve as Treasurer; and Patrick Sousa of Marcus Partners, the newest addition to NAIOP’s Board Management Committee, is the organization’s Secretary. Jim Tierney of JLL and Erin Corcoran of Oxford Properties will serve as advisors to the Board Management Committee.
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