On April 3 Mayor Wu filed 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 City Council referred the matter to the Committee on Government Operations.
There have been two public hearings on the proposal, filed as Docket 0642. NAIOP has submitted testimony for consideration in advance of both the hearing on April 16, and the hearing on May 30.
On May 22, NAIOP hosted a briefing and panel discussion regarding the proposed legislation. NAIOP CEO Tamara Small was joined by Jim Rooney of The Greater Boston Chamber of Commerce; Meg Mainzer-Cohen of the Back Bay Association; Marty Walz of the Boston Municipal Research Bureau; Matthew Osborne of Eastern Bank; and Daniel Swift of Ryan, LLC.
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.