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.
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.
(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.
The above archive includes blogs posted from December 2020 onward, and reflect NAIOP updates from July 2020 to present. For posts prior to July 2020, please visit NAIOP's archived blog.