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June 16, 2010
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YESTERDAY'S
POWER LUNCH
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| Sure, most of NEWiRE’s 400 members packed the Boston Harbor Hotel’s Wharf Room yesterday for its annual lunch and induction of new prez, Riemer & Braunstein’s Joan Parsons. But no doubt many were also eager to hear Children’s Hospital COO Sandra Fenwick, head of a major user/developer of healthcare space. |
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| During the salmon course, we snapped outgoing NEWiRE prez, DLA Piper’s Barbara Trachtenberg (like many CRE attorneys, the busier she is, the less she can say) with Joan, who promised to focus on developing leadership skills, effective networking, and promoting a “get it done attitude.” As a working mother of four, she knows how overbooked everyone is. So she suggests being organized and getting the most out of professional networking forays. If you’re going to take the time to plan a meeting or attend an event, prepare thoroughly and be clear about what you want to gain and can offer. |
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| We snapped Children’s Sandy Fenwick and her VP of RE Charles Weinstein (guess which one he is). She had the room near tears with stories of youngsters saved by the hospital’s world-class practitioners and ground-breaking research. To support that work, Joan presented Sandy with a $5k check from NEWiRE and Riemer & Braunstein. The mood changed to all-business when it touched on real estate activities of Children’s, which owns or leases 4.5M SF in the metro area. She says they’re starting to develop a new 120k SF building on Binney Street, are expanding in the suburbs and now puzzling over “what we can do for our next big building.” |
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| A bit more good news from Keller Augusta’s Jodi Dakin, whom we snapped while she chatted with college bud CBRE’s Kerry Olson. Jodi says after two very quiet years, her CRE recruiting firm is finally seeing some hires of key senior big names who hopefully can bring growth to their new companies. She also had her first project management-based positions since the sector tanked and sees moderate hiring among construction firms, many for TI jobs. |
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| Edward Fish. |
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| The family of Edward Fish, prominent Boston builder and developer, confirmed yesterday that he passed away. The founder of Edward A. Fish Associates, Peabody Properties, and Dellbrook Construction, from 1976 through 2007, Mr. Fish had completed construction projects valued at about $1.8B, The Boston Business Journal reported. Some projects like the Charlestown Navy Yard and Admiral Hill in Chelsea injected new life into downtrodden neighborhoods. His six children include John Fish, who runs Suffolk Construction. We offer our humble condolences. |
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| BOSTON IN CHICAGO |
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| No, our headline isn't just naming geographic bands from the '70's, or else we'd also name-drop Kansas. Boston Properties' Ray Ritchey and Doug Linde were actually in Chicago to speak about the future of their office buildings at REITWeek last Thursday morning. Doug emphasized that the REIT wants to continue to invest in core markets like the building it recently acquired on 55th Street in New York. He also noted that DC seems to have an unlimited appetite for space because of government demand. The company recently pulled out of its involvement with Freedom Tower because it was concerned about the ability of the project to be insured. |
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| Inland Real Estate Corp.'s Brett Brown and Mark Zaltoris joined Raymond James & Associates' Richard Milligan to talk about Inland's new focus on property management, as well as its growing retail holdings. Last summer, Inland bought 250 Royall St. in Canton for $62M, one of the largest buys in the country during that turbulent time. More recently, it partnered with PGGM to improve its asset management. |
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| Correction: Goulston & Storrs’ Doug Husid is co-managing director of the firm and a member of the real estate group, but he is not the co-chair of the real estate group. Hard to tell whether we accidentally promoted or demoted him. Either way, it isn't true. |
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| Please send ideas to Susan Diesenhouse, susan@bisnow.com |
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