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The Commercial Real Estate Development Association

2019 NAIOP MASSACHUSETTS ANNUAL REPORT


PAST PRESIDENTS 2018 Ed Marsteiner 2017 Douglass Karp 2016 Dennis Clarke 2015 Steve Marsh 2014 Marci Loeber 2013 Tom DeSimone 2012 Paul Marcus 2011 Brian Kavoogian 2010 Sarah Abrams 2009 Kevin McCall 2008 Jonathan Davis 2007 Jay Doherty 2006 Paul Nasser 2005 Young Park 2004 Maryann Gilligan Suydam 2003 Eric Schlager 2002 Peter Barber 2001 James Karman 2000 Thomas Alperin 1999 Frank McCourt 1998 Steven Fessler 1997 Stephen Murphy 1996 Daniel DeMarco 1995 Gayle Blakeley Farris 1994 Frank Wuest 1993 Ted Tye 1992 Ogden Hunnewell 1991 Chris Maietta 1990 Michael Grill 1989 Dana Rowan 1988 David Begelfer 1987 Jonathan Kay 1986 Matt Dwyer 1985 Steve Johnson 1984 Tony Orbe 1983 Ranne Warner 1981 - 1982 Peter Forrester

A MESSAGE FROM

SARA CASSIDY 2019 PRESIDENT

As a leading voice of the commercial real estate industry, NAIOP Massachusetts represents the interests of companies that own, manage or develop office, retail, multifamily, industrial, laboratory, mixed use, and institutional real estate in the Commonwealth, as well as the interests of all professions that serve the industry. In addition to providing outstanding education and networking opportunities for close to 1,700 members, NAIOP advances responsible commercial real estate development and advocates for policies that support the industry. I want to sincerely thank all of the companies and individual members who have contributed to the strength and vitality of our Chapter through their support and participation in leadership positions, committees, and other activities. Our Board of Directors, Gavel Members, Executive Committee, volunteers and event sponsors deserve special recognition for giving so generously of their time, expertise, and financial support throughout the year. I encourage those of you who have yet to participate in NAIOP to become actively engaged. The benefits to you, your colleagues, and your company are sure to pay substantial dividends. It has been an honor to serve as your president this year, and I look forward to continuing to work with all of you in the coming years.

- Sara Cassidy

Director, AEW Capital Management

MISSION STATEMENT NAIOP Massachusetts is the leading association representing the interests of the real estate industry, including developers, owners, and other professionals engaged in real estate development, investment and ownership in the Commonwealth. Part of an international commercial real estate association, the Chapter provides its members with outstanding services that are effective, visionary and responsive to their professional needs. Core organizational values include:

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Providing visionary leadership Practicing and promoting absolute integrity and professionalism Promoting inclusivity and diversity Supporting career-long learning and networking opportunities Contributing to the economic well-being and sustainability of the Commonwealth


51

EVENTS

6,900

1,700 MEMBERS

200

active government affairs issues pursued

ATTENDEES

482

companies represented by members

160

CORPORATE MEMBER FIRMS

420

Developing Leader members

NAIOP BY THE NUMBERS

150

leading CRE principals on Board of Directors and Gavel

25%

female members


2019 BOARD of DIRECTORS Sarah Abrams Iron Mountain Thomas Alperin National Development Luis Alvarado Newmark Knight Frank Thomas Andrews Alexandria Real Estate Equities Kathy Bachman Gravestar David Begelfer CRE Strategic Advisors Kevin Benedix Boston Global Investors James Carlin Crosspoint Associates, Inc Sara Cassidy AEW Capital Management Dennis Clarke Cummings Properties, LLC Leslie Cohen Samuels & Associates Lawrence Curtis WinnDevelopment Jonathan Davis The Davis Companies Daniel DeMarco Campanelli Thomas DeSimone WS Development Jay Doherty Cabot Cabot & Forbes

James Elcock Colliers International Steven Fessler The Druker Company Sam Flood TIAA-CREF Dick Galvin CV Properties LLC William Gause Leggat McCall Properties, Inc. Abby Goldenfarb Trinity Financial Derrick Goodwin Lee Kennedy Company, Inc. David Greaney Synergy Investments Michael Grill Fairlane Properties Timothy Guy Clarion Partners Pamela Herbst AEW Capital Management LP Andrew Hoar CBRE / New England Michael Hogan A.D. Makepeace Company Ogden Hunnewell Nordblom Company Shawn Hurley Marcus Partners, Inc. Lauren Jezienicki The Bozzuto Group

Douglass Karp New England Development Brian Kavoogian Charles River Realty Investors Jonathan Kay JBK Ventures Bryan Koop Boston Properties, Inc. Charley Leatherbee Trammell Crow Company Lauren Liss MassDevelopment Marci Loeber Griffith Properties, LLC Christopher Maietta Combined Properties, Inc. Paul Marcus Marcus Partners, Inc. Steven Marsh MIT Investment Management Company Edward Marsteiner National Development Kevin McCall Paradigm Properties, LLC Richard McCready The Davis Companies Abby Mondani Oxford Properties Group Maura Moffatt Synergy Investments Stephen Murphy Campanelli

John Myers Redgate Paul Nasser Intercontinental Real Estate Corp. Thomas O’Brien The HYM Investment Group, LLC Young Park Berkeley Investments, Inc. Frank Petz Colliers International Chad Remis Oxford Properties Group Dana Rowan Exeter Companies Eric Schlager The Bulfinch Companies, Inc. Sara Shank Beacon Capital Partners Kimberly Sherman Stamler Related Beal Joel Sklar Samuels & Associates Marilyn Swartz-Lloyd MASCO Jim Tierney JLL Yanni Tsipis WS Development LLC Ted Tye National Development Joseph Zink Atlantic Management Corp.

PRESIDENT

VP CHAPTER AFFAIRS

PRESIDENT-ELECT

VP DEVELOPING LEADERS

VP GOVERNMENT AFFAIRS

VP PROGRAMS

Kathleen Brill Foley Hoag LLP

Allen Breed MIT Investment Management Co.

TREASURER

ASSISTANT VP DEVELOPING LEADERS

ASSISTANT VP GOVERNMENT AFFAIRS

ASSISTANT VP PROGRAMS

Bryan Connolly DLA Piper

Robert Borden CBRE

SECRETARY

VP DIVERSITY AND INCLUSION

VP MARKETING AND MEMBERSHIP

SPECIAL CHAIRS - STRATEGIC DEVELOPMENT

SPECIAL CHAIR - GOLF TOURNAMENT

SPECIAL CHAIR - COMMUNICATIONS

Sara Cassidy AEW Capital Management Leslie Cohen Samuels & Associates Charley Leatherbee Trammell Crow Company

Michael Wilcox The Bulfinch Companies Alex Schultz The Davis Companies Sam Campbell JLL

Dan McGrath Berkeley Investments Kathy McMahon ASSISTANT VP DIVERSITY AND INCLUSION ASSISTANT VP MARKETING AND MEMBERSHIP National Development Tina Snyder Amanda Strong Lauren O’Neil MIT Investment Management Co. DivcoWest JLL

Thomas Andrews Taidgh McClory Alexandria Real Estate Equities T.H. McClory, LLC

SPECIAL CHAIR - AWARDS Robert Borden CBRE

SPECIAL CHAIR - BUS TOUR Ryan Romano CBRE

EXECUTIVE COMMITTEE

Kerry Hawkins JLL

Marsha Miller Vanderweil Engineers

Wendy Goldstein Pierce Goldstein Pierce PR

Adam Weisenberg Sullivan & Worcester LLP


ME MBE R SHI P With 1,700 members, NAIOP Massachusetts remains the largest chapter in the nation.

MEMBERSHIP BREAKDOWN NAIOP Members by Profession:

NAIOP Members by Sector:

MEMBER ONLY EVENTS The Chapter held several member-only or free for member events this year, including: two Coffee with Colleagues held at Studio (Tishman Speyer) and The St. Regis Residences, Boston (Cronin Development); five Space Spotlights held at The Harlo (Skanska), Time Out Market (Samuels & Associates), DraftKings Headquarters (Oxford Properties), Center Plaza (Synergy Investments) and The Wing; two Developing Leader Executive Dinners (with Sara Cassidy of AEW Capital Management and Jessica Hughes of Tishman Speyer); a government affairs NAIOP Member Briefing from National Grid and Eversource; and Member Appreciation Oktoberfest at LINK.

LINK MEMBER-ONLY DROP-IN WORKSPACE + LOUNGE The Chapter continued its partnership with Allsteel, offering LINK - a member only free networking and drop-in workspace located in Allsteel’s showroom at 200 State Street. The shared common space is designed to provide NAIOP Members with a convenient space to work, connect and network in a state-of-the-art collaborative environment. It also provides a great location for the Chapter to hold networking events, onsite courses and committee meetings.


GOVE RNME NT AFFAI R S As the voice of the commercial real estate industry, NAIOP fights tirelessly to encourage economic growth and development in Massachusetts. If laws, policies or regulations affecting the industry are being considered, NAIOP is at the table, providing members with strong and effective representation. NAIOP works to ensure legislators and regulators understand the industry’s key issues and the government affairs team works to enact important changes. None of this would be possible without the support of NAIOP Gavel Members and NAIOP’s volunteer Government Affairs Committee members. 2019 saw the beginning of the 2019-2020 legislative session, an increased focus on climate and energy issues affecting real estate development and ownership, numerous transfer tax proposals, and increased municipal engagement on myriad policies. The following are just some examples of NAIOP’s advocacy work in 2019:

ADVOCACY • Provided extensive input and detailed comments on numerous regulatory issues including MCP regulations, energy code, housing policy, and the Massachusetts Architectural Access Board. • Successfully advocated for changes to the Board of Building Regulations and Standards’ Energy Advisory Committee to include important industry stakeholders, while consolidating expertise. • Represented CRE industry on DPU Interconnection Task Force, which was created to discuss the current processes used by utilities to provide new services to commercial projects. • Hosted a Fire Safety Briefing as members of the Construction Fire Safety Partnership, which was created following several large loss fires in 2017. The group includes industry groups, regulators and fire officials. Case studies are now underway to highlight best practices for preventing similar fires in projects under construction. • Filed new legislation to address a wide range of issues including site plan review, zoning appeals, the Land Court’s permit session, utility connections, and more. Met with legislative leaders and new legislative committee chairs on specific bills. • Successfully advocated for the passage of the Student Opportunity Act, a $1.5 billion investment in education, as members of the Massachusetts Business Alliance for Education. Passed by both the House and the Senate and signed by the Governor, the bill focusses on closing persistent achievement gaps and preparing students for college and workforce opportunities. • Provided testimony and input on a record number of climate and energy related bills and policy initiatives, ranging from solar rooftop installation mandates to zero net carbon construction. Filed proactive climate-resiliency legislation, An Act to Promote Coastal Resiliency Projects, to encourage the construction of coastal resiliency projects designed to protect properties, infrastructure and neighborhoods from the effects of climate change. • Successfully advocated for an increase in the budget line item funding the Attorney General’s Wage Theft Unit, increasing resources for the investigation of wage theft claims and enforcement of existing laws. • Testified in support of the Governor’s Transportation Bond Bill, which lays out the capital plan for addressing issues with the MBTA and statewide transportation infrastructure. Joined the Massachusetts Business Coalition for Transportation to advocate for practical solutions to the transportation issues plaguing Massachusetts. • Advocated for passage of the Housing Choice Bill. Joined a coalition of housing advocacy groups, real estate, and the Massachusetts Municipal Association to advance this legislation, which is an important step in addressing the housing crisis in Massachusetts. • Increased NAIOP’s presence at Boston City Hall, commenting on issues ranging from the Boston Lobbying Ordinance to the Wetlands Ordinance. The City made several changes to the wetlands ordinance based on NAIOP input and, in 2020, NAIOP will be involved in the development of the implementing regulations. Successfully defeated a Petition for a Special Law re: An Act Relative to the Zoning Board of Appeal, which would have removed all technical expertise from the Boston Zoning Board of Appeal.


ADVA NCE + CHANG E • Attended numerous working groups at the city and state levels on a wide range of issues, including: implementation of the state’s 80 x 50 carbon reduction plan; the BBRS’ Coastal A Advisory Group; the City of Boston’s 2019 Climate Action Plan Update; and many others. • Developed and strengthened relationships with elected officials and policy makers at state and city levels. Private meetings and member briefings with: Governor Charlie Baker, Lieutenant Governor Karyn Polito; Secretary of Administration & Finance Michael Heffernan; Executive Office of Housing & Economic Development Secretary Michael Kennealy; Undersecretary for Energy Patrick Woodcock; Department of Revenue Commissioner Chris Harding; Chief Justice of Land Court Gordon Piper; MBTA Head of Real Estate Richard Henderson, Senate President Karen Spilka; Senate Ways & Means Chair Michael Rodrigues; Speaker of the House Robert DeLeo; DEP: Commissioner Marty Suuberg; Mayor Marty Walsh; City of Boston Environment Department: Carl Spector and Alison Brizius; key legislative committee chairs and city councilors. • Tracking more than 200 bills before the legislature affecting the real estate industry. Legislative advocacy will continue through the close of the legislative session in July 2020.

EDUCATION: INCREASING AWARENESS Educating NAIOP members on the various government affairs issues that affect the industry is a vital part of the association’s mission. This year, NAIOP continued its very popular government affairs series with the following educational programs. • Energy Efficiency & CRE: Ambitious New Goals, Codes and Technologies: Following the adoption of a new statewide energy code, NAIOP hosted industry energy experts to discuss new requirements and strategies for increased energy efficiency.. • Luncheon with Boston Planning and Development Director Brian Golden: NAIOP members heard from Director Golden on proposed changes affecting the permitting and development of projects in Boston. • Member Briefing with National Grid and Eversource Representatives: Representatives from National Grid and Eversource provided an update on efforts to address concerns from the real estate industry regarding a lack of timely and predictable connections. • Breakfast with EEA Secretary Kathleen Theoharides: Secretary Theoharides was appointed to her position in May of 2019. In June, she discussed climate adaptation and resiliency efforts statewide, clean energy initiatives, and green-house gas mitigation goals. • Transportation Briefing with MassDot Secretary and CEO Stephanie Pollack: Secretary Pollack provided an update on the Commonwealth’s transportation programs, priorities and implementation strategies. Members were briefed on important legislative proposals that seek to expand public-private partnerships to pave the way for important continued infrastructure investment. • Carbon Free Boston + What It Means for CRE: NAIOP members were briefed on the City’s recently released 2019 Climate Action Plan Update and the City’s efforts to require net zero carbon emissions for new and existing properties.


CHAPTE R COMMUNI CAT I ONS NAIOP Massachusetts constantly strives to promote the voice of the industry, representing our members and their interests to the legislature, business community and press.

IN THE NEWS NAIOP Massachusetts works hard to keep its members, and the entire commercial real estate industry, informed and educated. The Chapter enjoyed a strong presence in regional media including, Banker & Tradesman, Bisnow, Bloomberg Radio, The Boston Globe, Boston Herald, Boston Business Journal, Boston Real Estate Times, Commonwealth Magazine, Fox 25 News, High Profile Monthly, MetroWest Daily News, NBC Boston, NECN, New England Real Estate Journal, Patriot Ledger, State House News, The Real Reporter, The Springfield Republican, Worcester Telegram & Gazette, WBUR, WGBH, and WBZ.

SOCIAL MEDIA NAIOP Massachusetts continues to build brand awareness through social media platforms and has been exploring new outlets and ways to connect with the Commercial Real Estate Industry. • NAIOP Policy and Trends Blog 31,611 views 253 posts

• LinkedIn Group: 652 members Company Page: 1,725 followers • Facebook NAIOP Massachusetts: 534 likes NAIOP Massachusetts Developing Leaders: 141 likes

• Twitter 4,400 followers

• YouTube 49 videos posted 8,187 video views • Instagram 1,112 followers 138 posts

DID YOU KNOW? You can connect with NAIOP Members directly through the online Membership Directory.

VIDEO EVENT HIGHLIGHTS The Chapter began a partnership with Boston Virtual Imaging to promote NAIOP events with video highlight clips. Videos are shot during events and then shared post-event on social media and in follow-up emails to attendees. The purpose of these videos is to highlight what NAIOP events are all about and to encourage professionals to get involved with NAIOP. We look forward to continuing this partnership into 2020.

THE BIG DIG PODCAST SERIES - NEW! This year, NAIOP Massachusetts began a partnership with BLDUP to create The Big Dig podcast series which can be heard on SoundCloud, Spotify and iTunes. Each episode focuses on a trending topic or project spotlight and features guests who are the top minds in the industry. Many of the topics are extensions of NAIOP programs. Panelists are invited to be guests on the podcast at the conclusion of the program to continue the conversation with more in-depth insights of what they shared during the event. This year, 14 episodes were recorded and have a combined 10,000+ listens.


COMMUNI T Y I MPACT DIVERSITY, EQUITY + INCLUSION Diversity, equity and inclusion in the commercial real estate industry is a top priority for the Chapter. In 2019, NAIOP sought to address DEI through several initiatives:

• Equity, Inclusion + Diversity Summit: NAIOP partnered with other local associations, including AAREP, Builders of Color Coalition, CoreNet New England, CREW Boston, GBREB and ULI, on a program that brought some of the area’s most forward thinking DEI experts to teach attendees how to help their organizations make small steps to big change.

• Gavel Diversity Workshop: The Chapter hosted a DEI training workshop for Gavel Members that was led by Malia Lazu from the Urban Labs. The workshop was focused on creating a shared vocabulary around the language of diversity work, and a deep understanding of institutional and systemic structural bias. • CREST Internship Program: To encourage women and minority college students to pursue careers in commercial real estate, CREST pairs high-performing juniors and seniors with local developers, brokerages, architects and other CRE companies. In the past two years, 32 students from Boston-area colleges have participated in the program at 22 firms, leading to 16 full time positions.

• REEC CRE Summer Intensive at MIT Center for Real Estate: NAIOP partnered with the Real Estate Executive Council (REEC) and NEXUS Summer Programs on a 12-day residential program held primarily on the MIT campus. The program provided high-GPA high school students of color with the basics of commercial real estate, architecture, technology, finance, marketing and community impact, culminating with student teams creating real estate business plans and delivering Shark Tank-style pitches.

COMMUNITY SUPPORT The commercial real estate industry is known for its generosity towards civic and charitable endeavors, and in this area NAIOP Massachusetts continues to be a leader. In 2019, the Chapter maintained a strong presence in the community and actively contributed to many worthwhile charitable organizations including Community Servings, Heading Home, Massachusetts Housing & Shelter Alliance, The Margaret Fuller House and United Way.

DONATIONS MADE TO HEADING HOME TOTAL OVER $3 MILLION Donated $105,500 to Heading Home from proceeds of the 31st Annual NAIOP Charitable Golf Tournament, bringing the total raised to over $3 million. The event was again held at The International. Thank you to our 2019 Golf Chair, Kerry Hawkins of JLL, as well as the golf steering committee listed below for their efforts. Michael Buckley of Avison Young, Kathy McMahon of National Development, Pat Mulvihill of Boston Properties and McKenna Teague of CBRE.


DID YOU KNOW? Members can post jobs for free on the job board at naiopma.org.


DID YOU KNOW? NAIOP Massachusetts University offers a certificate program. The CP/CRE certificate can be obtained by completing six NMU courses.


ED UCAT I ON + E VE NTS NAIOP Massachusetts prides itself on offering timely and informative programs that provide industry professionals with the critical information they need for career development and industry success. Special thanks to the NAIOP Program Committee for putting together an exciting line-up of pertinent programming with high level speakers and industry experts. Programs covered a variety of topics highlighting all sectors, current development trends and important regulatory issues. All of these events and programs were made possible through the generous support of NAIOP’s sponsors. A full list of this year’s programs and event sponsors can be found on the following pages. 2019 DISTINGUISHED REAL

SPECIAL EVENTS

ESTATE AWARDS GALA

2019 Distinguished Real Estate Awards Gala

MIT Investment Management Company was honored with the Distinguished Real Estate Award, and Kirk Sykes and Dick Galvin of Accordia Partners received the Edward H. Linde Public Service Award. The Gala was sold out with over 1,000 attendees, providing the most significant networking opportunity of the year.

The Science of Success NAIOP Bus Tour

Over 200 attendees got a chance to observe, identify and analyze some of the most exciting office, multifamily, lab and mixed-use developments in Waltham, Watertown, Newton and Needham. Tour stops included presentations from Anchor Line Partners, Hobbs Brook Management, King Street Properties, Hilco Redevelopment Partners, Greystar, and tours of Shark Ninja with Sasaki and The Kendrick with Bergmeyer. The tour concluded with a lunch presentation on Northland Newton Development from Northland Investment Corporation.

Seaport by Foot: A NAIOP Summer Walking Tour

In July, close to 200 attendees took a walking tour around the Seaport that highlighted some of the newest and most exciting projects. The tour started at Icon Showplace Theater for a neighborhood overview from David Martel of Newmark Knight Frank, and a presentation on the Boston Seaport from Yanni Tsipis of WS Development. Following the presentations, attendees headed out on the walking tour to hear from developers of 121 Seaport, EchelonSeaport, The St. Regis Residences, Boston, and Thomson Place. The tour concluded with a cocktail party at The Grand.

THE SCIENCE OF SUCCESS NAIOP BUS TOUR

SEAPORT BY FOOT SUMMER WALKING TOUR

NAIOP MASSACHUSETTS UNIVERSITY The Chapter has seen a lot of demand for its onsite courses from NMU and introduced the CP/CRE Certificate this year. The Certified Professional in Commercial Real Estate Certificate is a voluntary certification designed for CRE professionals who are looking to advance their careers by increasing industry knowledge. To receive a certificate, participants must complete 4 core courses and 2 elective courses offered through NAIOP Massachusetts University. 2019 onsite course topics included: Anatomy of a Commercial Building, Introduction to Construction Management, Commercial Leasing, Real Estate Finance Fundamentals, Navigating the Permitting Maze, Argus Enterprise Training, Negotiation Skills, and Real Estate Development Fundamentals. Most of the courses were sold out. The NAIOP @ Noon seminars were also very well attended. Seminar topics included: Attracting and Retaining Tenants with CRE Technology and Energy Efficiency + CRE: Ambitious New Goals, Codes and Technologies.

NAIOP MASSACHUSETTS LEADERSHIP INSTITUTE The third year of the Leadership Institute was another success. The 12 week institute was targeted to those with 10+ years of business experience. The institute is a combination of educational and experiential training, along with one-on-one executive coaching and unique opportunities to network with industry and business leaders to improve individual, team and organizational effectiveness. It is offered under the NAIOP Massachusetts University (NMU) umbrella.


NETWOR K + CONNE CT NETWORKING NAIOP works hard to offer multiple ways for professionals to engage with the industry. In addition to its regular programs, the chapter also hosted several networking events. These events were very popular and were almost always sold out. • Two sold out Coffee with Colleagues, which was open to all industry professionals, but free for members, hosted by Cronin Development at The St. Regis Residences, Boston, and Tishman Speyer at Studio • Close to 150 attendees enjoyed a day on the slopes for the 8th annual NAIOP Ski Day at Killington Mountain, which presented fun networking opportunities for all • Two sold-out NAIOP @ Nights were held at Billy Boy Distillers and Alcove • The 9th Annual Harbor Cruise: Sail Away with NAIOP, the industry’s most popular summer event, moved to a new boat and had close to 300 on board the Spirit of Boston • Over 300 attendees celebrated at the NAIOP Annual Holiday Party, hosted by Oxford Properties at 222 Berkeley Street’s Winter Garden

DEVELOPING LEADERS The Developing Leaders (age 35 and under) is NAIOP Massachusetts’ fastest growing membership segment and continues to make a significant mark on the Chapter. The Developing Leaders members are comprised of 400+ rising professionals, who represent all facets of the industry. Several members of the committee also held leadership roles on NAIOP’s Executive Committee. Besides presenting a full line-up of programming and networking events, the DLs also showed support for the community by partnering with Heading Home through drives and volunteer nights. The DL Committee continues to assist the chapter with the Student Association Membership program to develop university partnerships and introduce local real estate students to NAIOP.

2019 Developing Leaders Annual Sponsors

MENTORSHIP PROGRAM The Chapter launched a Mentorship program this year. The program provides Developing Leaders with a valuable opportunity for personal and professional growth through focused, one-on-one networking sessions with NAIOP Board and Gavel leaders. We plan to continue the program in 2020.

LAUNCHING YOUNG LEADERS: AN INTENSIVE WORKSHOP After the success of the Leadership Institute, the Chapter launched a workshop for CRE professionals with less than five years of business experience. At the day-long workshop, candidates received training to develop the key skills needed to grow as a professional and advance their careers. They examined individual strengths and areas of opportunity that could foster success in both personal and professional situations. Based on the positive feedback received, NAIOP will continue the program in 2020.


2019 PROGRAMS

Meet the Leadership

Launching Young Leaders

Space Spotlight at The Harlo

Seaport By Foot: A NAIOP Summer Walking Tour

January 17 January 24

CoWorking: Collaboration, Configuration and Considerations

January 30

NAIOP 8th Annual Ski Day

June 21 July 17

NAIOP @ Night: Alcove

July 31

February 1

9th Annual Harbor Cruise: Sail Away with NAIOP

February 12

August 15

Building and Furthering a Career in CRE: SAM Career Panel

The Somerville Surge

NAIOP @ Noon: Attracting and Retaining August 7 Tenants with CRE Technology Commercial Leasing Onsite Course What’s New in the Woo

February 21

NAIOP @ Night: Bully Boy Distillers

Navigating the Permitting Maze Onsite Course

Developing Leader Executive Dinner with Sara Cassidy

NAIOP LINK Lunch + Learn: Social Norms in Today’s Work Environment

Real Estate Development Fundamentals Onsite Course

A Taste of NAIOP: Non-Member Cocktail Party

February 28 March 12

March 15 + 22 The Wing Space Spotlight

NAIOP Gavel Member Diversity Workshop

March 26

Energy Efficiency + CRE: Ambitious New Goals, Codes and Technologies

March 29

What’s New in the Woo

April 9

Space Spotlight at Time Out Market

April 11

Retail’s Changing Landscape

April 24 NAIOP @ Night: Bully Boy Distillers

NAIOP Government Affairs Luncheon with Brian Golden

September 20 + 27 September 25 September 26

Real Estate Finance Fundamentals Onsite Course

October 4 + 11

Coffee with Colleagues: The St. Regis Residences, Boston

October 17

10th Annual Women of Influence Luncheon: Changing the Game for Women in CRE

October 22

Member Appreciation Oktoberfest

October 22

What’s Next for Harvard’s Allston Transformation?

October 23

Space Spotlight at DraftKings HQ

Anatomy of a Commercial Building Onsite Course

Introduction to Construction Management Onsite Course

Developing Leader Executive Dinner with Jessica Hughes

A Conversation with Bill Cummings

Transportation Briefing with MassDOT Secretary and CEO Stephanie Pollack

April 30 May 9

May 10 + 17 May 14

NAIOP/SIOR Midyear Market Roundup

May 29 9th Annual Harbor Cruise: Sail Away with NAIOP

September 11

16th Anniversary Bus Tour: The Science of Success

October 25 October 28 October 30

2019 Distinguished Real Estate Awards Gala

November 7

June 5

Space Spotlight at The Wing

NAIOP Member Briefing: An Update from National Grid and Eversource

Negotiating Skills Onsite Course

June 6

November 14 November 15

Coffee with Colleagues: Studio

NAIOP/SIOR Annual Market Forecast

Argus Enterprise Training

Carbon Free Boston + What it Means for CRE

June 7

June 10

November 20 December 4

Government Affairs Breakfast with New Space Spotlight at Center Plaza EEA Secretary Kathleen Theoharides The Science of Success 16th Annual NAIOP Bus Tour

June 13

December 5

31st Anniversary Charitable Golf Tournament benefiting Heading Home

December 11

June 18

NAIOP Annual Holiday Party


EVENT SPONSORS + ADVERTISERS Accordia Partners Acentech Inc. AEW Capital Management AHA Consulting Engineers, Inc. Alexandria Real Estate Equities, Inc. Allsteel Anchor Line Partners Anderson & Kreiger LLP Ares Management Corp. Avison Young Bank of America Merrill Lynch Bergmeyer Associates, Inc. BR+A Consulting Engineers BioMed Realty Bohler Engineering Boston Financial Management Boston Global Investors Boston Properties, Inc. Boston Virtual Imaging Bowditch & Dewey, LLP Brown Rudnick The Bulfinch Companies, Inc. Buro Happold Consulting Engineers Callahan Construction Managers Cambridge Savings Bank Campanelli CBRE cbt Cherrytree Group, LLC Citizens Commercial Banking Claremont Companies Clarion Partners Colliers International CRE Strategic Advisors Cronin Development Group CUBE 3 Studio Cummings Properties

Cushman & Wakefield Dacon The Davis Companies DCS Service Inc. DivcoWest Dyer Brown Architects Eastdil Secured Eastern Bank Elkus Manfredi Architects EMJ Construction Epsilon Associates, Inc. Eversource First Realty Management Foley Hoag LLP Gensler Gilbane Building Company Goulston & Storrs Greenberg Traurig LLP Gensler Greystar Grossman Development Group Haley & Aldrich, Inc. Heading Home HFF High Profile Monthly Hilco Redevelopment Partners Hobbs Brook Management LLC ICO Energy and Engineering, Inc. Industrious Integrated Builders, Inc. Interconnect Computer Cabling Intercontinental Real Estate Corp. J.C. Cannistraro, LLC J. Calnan & Associates, Inc. Jacobs Janitronics Building Services JLL

John Moriarty & Associates, Inc. JP Morgan Chase Keller Augusta Partners KHJ Brand Activation King Street Properties, Inc. KVAssociates, Inc. Langan Engineering LeanBox Leggat McCall Properties LLC Lendlease Maple Loft Studios Marcum LLP Marcus Partners, Inc. Margulies Perruzzi Architects MassDevelopment Maugel Architects McPhail Associates Mishra Group MIT Investment Management Co. National Development NB Development Group NBBJ Neoscape, Inc. New England Development Newmark Knight Frank Nitsch Engineering Norel Service Company Northland Investment Corp. Northstar Contracting Group Nutter McClennen & Fish Officeworks Omnilite Oxford Properties Group Perkins + Will Pierce Atwood LLP Procon R.G. Vanderweil Engineers, LLP R.J. O’Connell & Associates, Inc.

Red Thread Redgate Related Beal The Richmond Group Rockland Trust Company Ropes & Gray Rubin and Rudman LLP The S/L/A/M Collaborative Samuels & Associates Sanborn, Head & Associates, Inc. Sasaki Seyfarth Shaw LLP Siena Construction The Simon Group Simpson Gumpertz & Heger Inc. Skanska Solect Energy Development Solomon McCown Spagnolo Gisness & Associates, Inc. Stantec Starry, Inc. Stewart Title Guaranty Company Sullivan & Worcester LLP Synergy Investments Taurus Investment Holdings Timberline Construction Corp. Tishman Speyer Turner Construction Company Union Office Interiors VHB View Inc. Walker & Dunlop Walker Consultants WilmerHale WS Development LLC

DID YOU KNOW? NAIOP sponsors are exposed to over 10,000 CRE professionals in the NAIOP database.


CORPORATE MEMBERS A.D. Makepeace Company AEW Capital Management, L.P. Alexandria Real Estate Equities, Inc. Allsteel, Inc. Apartment Realty Advisors Arrowstreet, Inc. Atlantic Management Corporation AvalonBay Communities, Inc. Avison Young Bank of America Merrill Lynch Beacon Capital Partners LLC Berkeley Investments, Inc. BioMed Realty Trust, Inc. Bluestone/Wingate Holdings Boston Development Group Boston Global Investors Boston Properties, Inc. Bowditch & Dewey, LLP The Bozzuto Group Brookline Bank Brookwood Financial Partners L.P. Brown Rudnick LLP BSC Group, Inc. The Bulfinch Companies, Inc. Burns & Levinson LLP Cabot Cabot & Forbes Calare Properties, Inc. Cambridge Savings Bank Campanelli CBRE cbt Chestnut Hill Realty Corporation Choate, Hall & Stewart LLP Citizens Commercial Banking Clarion Partners The Collaborative Companies Colliers International Columbia Construction Company Commodore Builders Cranshaw Construction Cronin Development Crosspoint Associates, Inc. CUBE 3 Cummings Properties, LLC Cushman & Wakefield Dain, Torpy, LeRay, Wiest & Garner, P.C. Daniel O’Connell’s Sons, Inc. The Davis Companies Davis, Malm, D’Agostine, P.C. DGC DiMella Shaffer Associates, Inc. DivcoWest DLA Piper The Drew Company The DSF Group Duffy Properties, LLC

Dyer Brown Architects Eastdil Secured, LLC Eastern Bank Elkus Manfredi Architects Epsilon Associates, Inc. Equity Industrial Partners Corp. EQ Office Eversource Federal Realty Investment Trust Fidelity Real Estate Company, LLC Foley Hoag LLP FoxRock Properties, LLC Garland Building Company Gensler Gilbane Building Company Goodwin Procter LLP Goulston & Storrs Gray, Gray & Gray Greenberg Traurig LLP Griffith Properties, LLC The Gutierrez Company GZA GeoEnvironmental, Inc. Haley & Aldrich, Inc. Hinckley Allen Hines Holland & Knight LLP Howard Stein Hudson Hunneman Integrated Builders, Inc. Intercontinental Real Estate Corporation J and Company J. Derenzo Company Jacobs Janitronics Building Services JLL Jumbo Capital Management Keller Augusta Partners KeyPoint Partners, LLC KS Partners LLC Leader Bank Leggat McCall Properties LLC Lincoln Property Company Marcum LLP Marcus Partners, Inc. MassDevelopment McCarter & English, LLP Mintz Levin MIT Investment Management Company ML Strategies LLC Morgan, Lewis & Bockius LLP National Development NB Development Group Neoscape, Inc. New England Development Newmark Knight Frank Nitsch Engineering

Nixon Peabody LLP Nordblom Company Northland Investment Corporation Nutter, McClennen & Fish, LLP Nuveen Real Estate O’Connell Development Group, Inc. Oxford Properties Group Paradigm Properties, LLC Pembroke Real Estate Pierce Atwood LLP Prince Lobel Tye LLP Prologis Rackemann, Sawyer & Brewster Rackemann Strategic Consulting, Inc. R. G. Vanderweil Engineers, LLP R.J. Kelly Co., Inc. R.J. O’Connell & Associates, Inc. Red Thread Redgate Related Beal Riemer & Braunstein LLP Rockland Trust Ropes & Gray LLP The RMR Group Rubin and Rudman LLP S/L/A/M Collaborative Samuels & Associates Sanborn, Head & Associates, Inc. Santander Sasaki Seaport Asset Management Senné Seyfarth Shaw LLP Sherin and Lodgen LLP Sierra Architects The Simon Group Skanska SMMA Spagnolo Gisness & Associates, Inc. Stantec Suffolk Construction Company, Inc. Synergy Investments Taurus Investment Holdings Taurus Management Services, LLC TD Bank Tetra Tech Tighe & Bond Tishman Speyer TRC Trinity Financial VHB The Wilder Companies WilmerHale Wingate Companies WinnDevelopment Woodard & Curran, Inc WS Development LLC


GAVEL MEMBERS None of NAIOP’s important advocacy would be possible without the support of the Gavel members, a select group of principals from the area’s leading real estate companies and those associate firms that service the industry. The Chapter is grateful for their support. It is their contributions of both time and money which have made it possible for NAIOP to be a leader in government affairs advocacy for the commercial real estate industry. A complete list of Gavel Members is below.

GOLD GAVEL MEMBERS The Abbey Group A.D. Makepeace Company AEW Capital Management, L.P. Alexandria Real Estate Equities, Inc. Atlantic Management Corporation AvalonBay Communities, Inc. A.W. Perry, Inc. Beacon Capital Partners LLC Berkeley Investments, Inc. BioMed Realty Boston Global Investors Boston Properties, Inc. The Bozzuto Group The Bulfinch Companies, Inc. Cabot Cabot & Forbes Campanelli Charles River Realty Investors, LLC

Clarion Partners Cottonwood Management Cronin Development LLC Crosspoint Associates, Inc. Cummings Properties, LLC CV Properties The Davis Companies Divco West The Drew Company Equity Industrial Partners Corp. Federal Realty Investment Trust Fidelity Real Estate Company, LLC Gazit Horizons Gravestar, Inc. Greystar Griffith Properties LLC Hines Hobbs Brook Management LLC

The HYM Investment Group, LLC John M. Corcoran & Company JP Morgan Asset Management Leggat McCall Properties LLC Madison Properties Marcus Partners, Inc. Mark Development LLC MassDevelopment Mill Creek Residential MIT Investment Management Company National Development New England Development Nordblom Company Normandy Real Estate Partners NUVEEN Real Estate Oxford Properties Group Paradigm Properties, LLC Patriot Place

Prologis Redgate Related Beal R.J. Kelly Company, Inc. Rubenstein Partners R.W. Holmes Realty Co. Inc. Samuels & Associates Skanska Synergy Investments TA Associates Realty Taurus Investment Holdings Tishman Speyer Trammell Crow Company Trinity Financial, Inc. Tucks Point Investments WinnDevelopment WS Development LLC

Marcum LLP Margulies Perruzzi Architects Mintz Levin New England Economic Development Corp. Newmark Knight Frank Nitsch Engineering Nutter, McClennen & Fish, LLP Perkins + Will Robinson+Cole Rockland Trust Company Rubin and Rudman LLP Pierce Atwood LLP

Sanborn, Head & Associates, Inc. Sasaki Seyfarth Shaw LLP Sherin and Lodgen LLP Suffolk Construction Company, Inc. Sullivan & Worcester LLP SunTrust Bank TD Bank Tighe & Bond Timberline Construction Company VHB WilmerHale

SILVER GAVEL MEMBERS Arrowstreet, Inc. Avison Young Bank of America Merrill Lynch Berkshire Bank Bowditch & Dewey, LLP Brown Rudnick LLP Casner & Edwards, LLP CBIZ + MHM CBRE/New England Choate, Hall & Stewart LLP Citizens Commercial Banking Colliers International Dain, Torpy, Le Ray, Weist & Garner, P.C.

DGC DLA Piper Eastdil Secured, LLC Elkus Manfredi Architects Foley Hoag LLP GEI Consultants, Inc. Gensler Goodwin Procter LLP Goulston & Storrs Greenberg Traurig LLP HFF JLL Langan Engineering

DID YOU KNOW? NAIOP Board of Directors + Gavel Members represent over 100 of the leading CRE development, investment and professional organizations.


COMMITTEES Participating on one of NAIOP Massachusetts’ volunteer committees is an exclusive benefit of membership. Volunteers develop lasting relationships with key business leaders, stay abreast of the latest industry developments, and help shape the agenda of the state’s leading commercial real estate organization.

DEVELOPING LEADERS

Young professionals age 35 or younger can join peers on this fun and friendly committee that plans a variety of educational, networking, and social events tailored to the unique needs and interests of younger professionals. This is an excellent way to get involved in NAIOP and to prepare for other leadership roles, all while building a network! Vice President - Alex Schultz, The Davis Companies Assistant Vice President - Sam Campbell, JLL

DIVERSITY, EQUITY + INCLUSION

Provide strategic planning, support and oversight for diversity initiatives and pipeline development of diverse candidates in the commercial real estate industry. Vice President - Taidgh McClory, T.H. McClory, LLC Assistant Vice President - Amanda Strong, MIT Investment Management Company

GOVERNMENT AFFAIRS

Members of NAIOP’s Government Affairs Committee actively shape laws and policies affecting the commercial real estate industry. Subcommittees include Climate Change, Brownfields Redevelopment, Building Code, Transportation and more. Vice President - Kathleen Brill, Foley Hoag LLP Assistant Vice President - Bryan Connolly, DLA Piper

MEMBERSHIP AND MARKETING

This committee offers direct contact with the top decision makers in the Massachusetts real estate community, and is a terrific networking opportunity. Develop strategic marketing campaigns to promote membership, sponsorship, event attendance and other initiatives. Vice President - Marsha Miller, Vanderweil Engineers Assistant Vice President - Tina Snyder, DivcoWest

PROGRAM + EDUCATION

Continue building NAIOP’s proud history of providing cutting-edge and relevant programs tailored specifically for Boston’s real estate professionals. Use creative thinking and contacts to ensure members are challenged and inspired by a wide-range of NAIOP programs. Vice President - Allen Breed, MIT Investment Management Co. Assistant Vice President - Robert Borden, CBRE


NAIOP STAFF

NAIOP Massachusetts 144 Gould Street Suite 140 Needham, MA 02494

(781) 453-6900 phone (781) 292-1089 fax

Tamara Small

Reesa Fischer

CEO (781) 453-6900 x5 small@naiopma.org

Executive Director (781) 453-6900 x2 fischer@naiopma.org

Rachel Meyer

Anastasia Nicolaou

Director of Marketing and Communications (781) 453-6900 x6 meyer@naiopma.org

Government Affairs Associate (781) 453-6900 x8 nicolaou@naiopma.org

Debbie Osheroff

Taylor Pederson

www.naiopma.org Director of Membership and Administration (781) 453-6900 x3 osheroff@naiopma.org

CONNECT WITH NAIOP MASSACHUSETTS ON:

naiopmablog.org www.naiopma.org

Director of Programs (781) 453-6900 x7 pederson@naiopma.org


144 Gould Street, Suite 140 | Needham, MA 02494 (T) 781-453-6900 (F) 781-292-1089 www.naiopma.org

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NAIOP Massachusetts 2019 Annual Report  

NAIOP Massachusetts 2019 Annual Report  

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