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McDermott Ventures Hiring Account Executive


brooke@mcdvent.com

 

 

Responsibilities:
Assist with management of multiple communications/public affairs clients in the areas of media, community, government relations.   
Facilitate communication between clients and the project team by documenting needs and clarifying requirements with clients, as well as coordinating with the project team to ensure works is completed in a timely manner.
Generate Marketing/public relations/strategic communications plans.
Primary responsibility for client’s media relations
Write press releases, media advisories, by-line articles and other collateral material for client positioning.
Generate and pitch articles to traditional and new media.
Interface with City Hall, State House and elected officials.
Attend and report on morning (before work) and night meetings (after work).
Drive and manage relationships for purposes of business development.
Manage/participate in McDermott Ventures on-line/community marketing/ public relations efforts.
 Management of company databases.
Manage day-to-day operations of small business, serving as main contact to numerous vendors.
Some administrative responsibilities, including coordinating meetings, scheduling, errands, research, document preparation and organization.
 
Relevant Qualifications:
 
4-year college degree – Communications and/or journalism a plus.
 
Minimum of two years of professional work experience.
 
Entrepreneurial in work-ethic.
Strategic/critical thinker.
Desire to position self in the Boston business community.
Ability to attend client meetings alone
Multi-tasker with ability to self-prioritize workload with numerous projects at once.
Knowledge of internet (web based) programs: Constant Contact, Wordpress, Twitter, Linkedin, etc.
Knowledge of basic computer programs: Microsoft Office, PowerPoint, Excel.
Experience with traditional and new media (know the difference between traditional and new media)
Experience with social media business strategies.
Highly organized and able to juggle multiple projects at once while keeping calm under tight deadlines.
Independent and self motivated.
Excellent writing and proofreading skills with great attention to detail.
Thrives in small work-environments.
Knowledge of basic computer programs: Microsoft Office, PowerPoint, excel.

Giving student athletes a chance


carolyn@mcdvent.com
Carolyn Spicer

For Boston’s student athletes, a sporting chance at last

Philanthropist’s passion and millions are working wonders, but city’s own efforts lag

Thanks to the program, girls at eight more city high schools are playing varsity soccer this fall. Thanks to the program, girls at eight more city high schools are playing varsity soccer this fall. (Wendy Maeda/Globe Staff)
By Bob Hohler
 
Globe Staff / October 17, 2010
 

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First of two parts.

Football was going to be his salvation. D’Andre Farnum, a Dorchester teenager tangled up in gang culture, planned to become a football star at a Boston public high school, earn a college athletic scholarship, maybe strike it rich in the National Football League.

Then his grades slipped. The rugged lineman lost his eligibility to play sports and turned toward the streets, another young man going nowhere, his dreams deferred.

“I got mad and stopped caring,’’ Farnum said.

A year later, he is back on the football field and thriving in the classroom, a face of hope in a city where the schools, and school sports, are too often no match for the temptations of the streets. Farnum is among dozens of struggling student-athletes who have regained their eligibility to play sports and a glimmer of optimism about the future as the first beneficiaries of the multimillion-dollar Boston Scholar Athlete Program.

The project, launched last year to address chronic deficiencies in Boston school athletics, has begun transforming a second-rate system into one that is viewed as a possible model for cash-strapped urban districts, even as some headmasters, teachers, and coaches express skepticism about the city’s long-term commitment to the initiative.

With a projected annual budget of $2.5 million, the city’s push to upgrade school athletics so far has relied solely on the charity of John Fish, president of Roxbury-based Suffolk Construction Co. Fish has pledged $1 million annually over the program’s first five years — the largest individual commitment ever to Boston’s student-athletes. He has already spent more than $1.2 million to improve academic and athletic conditions for 1,700 members of 96 teams at 18 Boston high schools.

But Fish will need major financial help to sustain and expand the initiative, and the program has yet to launch a promised fund-raising campaign. The delay has raised questions about Mayor Thomas M. Menino’s initial pledge that the city would do its part by enlisting Boston’s professional sports teams and other businesses in the financing. The city has also failed so far to boost the paltry school department athletic budget.

“It’s going to take five or six years for the program to really make a difference, and I don’t know if they’re going to be around that long,’’ said Arturo Clemente, the girls basketball coach at West Roxbury High School, who supports the initiative.

Menino, who created and co-chairs the program with Fish, vowed in an interview to keep it alive. He launched the turnaround after a Globe series last year detailed an array of problems with the school athletic system, from subpar facilities and insufficient equipment to an entire lack of teams in some major sports and utterly inadequate academic support for many athletes.

“This thing has really moved the agenda for scholar athletes like I’ve never seen before in my career,’’ said Menino. “As long as I’m sitting in this chair and living in this city, we’ll be working on it together.’’

 

Some early dividends
Boston’s colleges and universities have made substantial in-kind contributions to the program, providing coaching clinics, student tutors, health and wellness services, practice fields, and planning advice. Northeastern University also donated $54,000 worth of equipment after shutting down its football program.

 

But much remains to be done to eliminate the substandard conditions in Boston school sports. The greatest financial need involves long-term funding for academic support programs, and topping the list of building challenges is the antiquated gym at 80-year-old Brighton High School, which could cost millions of public or private dollars to renovate.

Fish said he has postponed seeking additional donors so he could demonstrate the power of his personal commitment and the project’s potential. He also wants the city to boost its own budget for athletics before asking others to fill the gap.

Still, there has been major progress in the program’s first phase. With upgrades in equipment, uniforms, facilities, coaching expertise, and educational support, the program this year will reach nearly 4,000 students on 157 teams. Next year, the project is slated to benefit more than 5,000 athletes on nearly every high school team in the city.

And thanks to the initiative, girls at eight Boston high schools are playing varsity soccer for the first time this fall. Five other schools that had long denied girls the opportunity to play interscholastic soccer are fielding their first junior varsity teams this year.

“This program is giving a lot of us the chances we never had,’’ said Farnum, a junior at the Dorchester Education Complex who is trying to make his way out of the Franklin Field housing development. “We couldn’t do it by ourselves.’’

The program’s early successes are attracting attention in other cities. School officials in Portland, Maine, for example, have asked leaders of Boston’s program to advise them on improving interscholastic athletics in a difficult economy.

“I’m proud to say we have something special here,’’ Fish said, pledging to soon kick off a fund-raising drive.

Fish, a Hingham native who played sports at Tabor Academy and Bowdoin College, said he identifies with youths who draw confidence from athletics to face academic challenges. He copes with severe dyslexia, he said, and “can’t spell beyond the fifth-grade level.’’

He guaranteed the Scholar Athlete Program’s viability “for the next 25, 30, 40 years, until I’m dead.’’

Without the new initiative, Boston’s student-athletes would remain underserved by the city’s annual $4 million sports budget. The commitment is less than a half-percent of Boston’s total school budget, far below the state and national averages.

Fish is pushing school Superintendent Carol R. Johnson to increase the city’s spending on school sports. He said school officials, by boosting their commitment to the athletic system, would show prospective donors the city is serious about helping student-athletes.

Johnson said the school department has demonstrated its commitment in part by maintaining the athletics budget while substantially cutting many other programs and laying off employees to close a $60 million budget gap. She also cited a “culture shift’’ in which many headmasters, teachers, and coaches have embraced the effort to improve conditions for the city’s student-athletes.

But she agreed to do more.

“We obviously have budget challenges,’’ she said, “but we want to demonstrate to our partners that we are willing to invest in this program because it’s so important to us.’’

 

Building resource centers
Johnson said one of her priorities this year is improving middle school sports, long one of the system’s greatest deficiencies. Last year, she hired a full-time administrator to attack the problem. She also cleared the way for the Play Ball! Foundation to establish football, baseball, softball, and double Dutch jump rope leagues in Boston’s middle schools. And the nonprofit Boston Promise basketball program has launched an academic support program that helps guide middle schoolers to college.

 

The middle school makeover should help improve the athletic performances of Boston’s high school students, while the Scholar Athlete Program boosts their academic proficiency.

The program last year enlisted teachers to serve as education coaches for the 96 soccer, basketball, baseball, and softball teams targeted in the first round of upgrades. The plan required teams to hold study halls after school, and while the strategy worked wonders for some students who needed extra attention, others considered the sessions an unnecessary burden.

“You can’t cancel practice and have the whole team study if only two or three kids really need it,’’ said Tim Likosky, the boys soccer coach at Boston International High School. “You end up punishing the rest of the team.’’

Responding in part to the criticism, program officials this year adopted a new approach by building and equipping academic resource centers, called Zones, at all 18 high schools. The centers are staffed by education specialists with sports backgrounds who work with college interns and other volunteers to monitor and assist student-athletes.

The resource rooms, decorated with championship banners and league trophies to spur pride and motivation, are expected to help boost the number of college-bound student-athletes while reducing the high rate of academic ineligibility undermining many high school teams. (The toll was particularly high last year for Charlestown’s winless football team, which forfeited one game, and the school’s baseball team, which failed to complete its schedule.)

The new centers were immediately popular at many schools. More than 60 students lined up on opening day at Jeremiah E. Burke High School in Dorchester, and similar enthusiasm was reported at Dorchester Education Complex, where a pilot center last year helped Farnum and dozens of other students.

“The center is making a phenomenal difference in the kids’ lives,’’ Dorchester football coach Rich Moran said. “It’s like night and day from what we had before.’’

Nichole Bukowski, an English teacher and former scholarship athlete at Boston College who runs the Dorchester Complex center, awards “GPA Club’’ pins to students as they ascend the grade point scale from 2.0 to 4.0. She also keeps files with each student- athlete’s schedule, grades, test scores, progress reports, college applications, and recommendations.

In addition, Bukowski teaches a sports-themed English course, whose reading list includes works such as “Friday Night Lights.’’

“It’s not like we didn’t want to do all these things before,’’ Bukowski said, “but the Scholar Athlete Program came in with the funds and made it happen.’’

One of the project’s few early snags involved strained communications between program officials and the city’s lone athletic director, Ken Still, and some headmasters. School administrators wanted more cooperation in planning and implementing policies.

Fish addressed the issue by making personnel changes and reaching out to school officials to improve relations. He also eased the strain on Still’s overburdened, four-person staff by hiring a full-time team for the Scholar Athlete Program. The team is led by director Rebekah Splaine, chief academic officer Katy Meade, and athletic director Evan Davis.

In all, the program comprises five full timers as well as 18 part timers who manage the resource centers.

“We got off to a shaky start, but the ship is running a lot smoother now,’’ Still said. “We’re going to work together to do some amazing things in Boston school athletics.’’

 

‘Now we fix it’
In its first year, the program upgraded sports venues across the city, providing soccer goals at practice fields that lacked them, painting basketball floors, and improving baseball and softball fields. But the greatest challenge may be the Brighton gym, whose latest problem is a buckled floor caused by a water leak.

 

Despite the high cost of a complete overhaul, Fish said he “will figure out a strategy to get the gym fixed before basketball season.’’

Menino concurred.

“In the past, the status quo was OK,’’ the mayor said. “Broken basketball hoop? Who cares. Now we fix it. It shows the kids we care about them.’’

When officials at South Boston High complained that a community center at the team’s football field had been locked for years during practices and games — denying players and coaches access to restrooms, a chalkboard, and storage space — Menino eliminated the hardship with a single call to a city worker.

“We’ve had so many problems through the years, and sometimes we’ve felt like we were out there fighting on our own,’’ South Boston football coach Sean Guthrie said. “Now we have somebody willing to step up and fight with us. It makes all the difference.’’

Bob Hohler can be reached at hohler@globe.com.

Coming Tuesday: A look at a new program that aims to keep elite athletes from fleeing to private schools.

Mass. legislature Passes Bill to Extend Permits


carolyn@mcdvent.com
Carolyn L. Spicer

 

Good news for real estate developers:the Legislature passed an important bill late Saturday which will provide a two year extension to permits between August 15 2008 to August 15, 2010. Massachusetts will see some progress on key real estate projects as developers will not be delayed because they have to reapply  for permits that have already been approved.  

www.mass.gov/legis/bills/senate/186/st02pdf/st02582.pdf

 

New Venture: Grossman Development Group


brooke@mcdvent.com
Brooke Botello

Grossman Launches New Venture-Grossman Development Group

 
Congratulations to our clients on the launch of their new venture the Grossman Development Group (GDG). GDG, a full service retail developer with national support,  is led by Principal/Managing Partner Howard Grossman and supported by Senior Vice president/Principal Kyle Juszczyszyn. Please visit: www.grossmanre.com for more information.

Happy Birthday Rose Kennedy


brooke@mcdvent.com
Brooke Botello

Happy Birthday Rose Kennedy!

Join the Rose Kennedy Greenway Conservancy and celebrate the birthday of the beloved Rose Kennedy today on the Greenway.

When: Thursday, July 22, 2010 11:00 am - 5:00 pm

Where: North End Parks

Summary:  Join the Greenway Conservancy in celebrating Rose Fitzgerald Kennedy's birthday through the story of Rose's Garden, by Peter H. Reynolds. The celebration will take place throughout the parks, culminating in the North End Parks with family-friendly activities including a participatory art project, storybook reading, lawn games, and food.

The day starts with Rose's Teapot, a replica of the illustration in Rose's Garden The teapot will be in the North End from 1PM to 5PM.

Children and adults are invited to make paper flowers to add to the teapot at various locations along the Greenway District from 11:30AM to 5PM -- including the Rings Fountain, Farmers Market, The Children's Museum and New England Aquarium.

The paper flower cart will be at The Children’s Museum at 11:30 AM, New England Aquarium at 1 PM, and in the North End Parks 3-5PM.

 

For more information: www.rosekennedygreenway.org

New Buyer for Polaroid Site


carolyn@mcdvent.com
Carolyn Spicer

Former Polaroid site sold for $40m

Developer plans retail, office mix

By D.C. Denison
 
Globe Staff / June 5, 2010 The former campus of Polaroid Corp. on Route 128 in Waltham has been purchased for $40 million by Boston developer Sam Park & Co.
 

The status of the 120-acre parcel has been uncertain since late 2009, when bankers foreclosed on plans to build The Commons at Prospect Hill, an ambitious development of offices, shops, and restaurants, on the site.

Yesterday, Park said he’s planning a more modest mixed-use office and retail development for the site, with about a third less density than was planned by the previous developer. Specifically, Park said he would like to see a corporate headquarters, a department store, and a mix of national and local retailers.

Park said he bought the property because of its “prominence on 128, in the epicenter of technology outside Boston,’’ adding that he thinks “real estate prices have reached rock bottom, and we’re poised for an upturn.’’

Mayor Jeannette McCarthy of Waltham said she’s pleased with the new buyer, adding this is a great opportunity to deal with major traffic issues because Park has traffic design experience. “I’m happy with the fact that [Park] understands first-hand the problems,’’ said McCarthy.

The property was sold by German bank Helaba and PB Capital, which seized it in October, after bidding $42.5 million for the 120-acre site at a foreclosure auction.

Park & Co. also has been planning a development across Route 128 from the Polaroid site for more than eight years, but yesterday Park said he plans to develop the Polaroid property first.

“My hope is that we will be able to develop a traffic plan for the Polaroid site that will work with the development we’ve been working on across 128,’’ he said.

Park said he was planning “a phased development,’’ and was eager to get the project going.

“I’d like to get something started this summer,’’ he said.

Globe correspondent Megan McKee contributed to this report. D.C. Denison can be reached at denison@globe.com.

Lofts to Talk About


carolyn@mcdvent.com
Carolyn Low Spicer

Lofts to Talk About

Catching up with the ongoing renewal of Fort Point.

By RACHEL LEVITT

BEFORE THE RECENT ECONOMIC TROUBLES presented themselves, optimistic Bostonians fully expected Fort Point to bust out as the South End’s edgier cousin — its brick-and-beam-loft dwellers were sure to fast-track an array of exciting retail ventures, not to mention a vibrant, gritty-glam nightlife scene. But just because Fort Point isn’t yet a replica of New York’s Tribeca doesn’t mean it’s DOA. “We’re all disappointed that the economic scene didn’t allow quick development,” says Vivien Li, executive director of the Boston Harbor Association. “On the other hand, anytime something new opens, it’s huge.”

In fact, much is percolating in Fort Point. The city of Boston has 41 million square feet of development now under review, approved, or in construction, and 42 percent of that real estate is located here. And artsy it may stay, thanks to a few key players who are keeping prices down in order to lure cool kids to the channel. Case in point: this month’s opening of chichi
Louis Boston on Fan Pier. It wouldn’t have happened without developer Joe Fallon, overlord of 21 precious waterfront acres, who made a sweetheart deal with owner Debi Greenberg to woo her away from Newbury Street and other prospective locations by promising a tailor-made, albeit “temporary,” new building. (Fallon’s master plan shows a residential tower on that site — presumably Louis’s permanent home will anchor the lower floors once it’s built.) With Louis Boston in place, the upper crust can browse modern art at the nearby ICA (free on Thursday evenings), then treat themselves to an appointment at Salon Mario Russo after perusing the racks.

Meanwhile, Young Park of Berkeley Investments made sure his recently completed
FP3 condo project on Congress Street offers plenty of lower-priced studio units to attract members of the creative class. The building is expected to win FHA approval shortly, meaning buyers will be able to finance these units with government-backed loans up to $523,750 with only 3.5 percent down. It was also Park who lured chef-restaurateur Barbara Lynch to Fort Point with a great bargain on space for Sportello, Drink, and her new upscale restaurant Menton, opening later this spring. Similarly, Park coaxed Joanne Chang to start up a branch of her bakery, Flour, on Farnsworth Street in 2007.

Although developer Tony Goldman, who has a portfolio of nine buildings on Melcher and A streets, is occasionally demonized for displacing Fort Point’s artist population, he’s making good by offering “boutique office space” at $20 per square foot. It’s not class-A space (Ropes & Gray won’t be relocating here anytime soon), but the elevators work, and the lobbies are graffiti-free. Once designers, software startups, architects, and retailers set up offices here, Goldman plans to develop a hip residential component to match, the first piece of which will be a 180-foot tower at
319 A Street Rear, now in the approval process. And as the ranks of the local population swell, expect to see more restaurants like Barlow’s, which opened on A Street in January, serving up midprice fare for neighborhood residents, the lunch crowd, and commuters using the Boston Harbor Water Taxi.

“It’s a seven-to-10-year cycle,” says Albert Price, managing director of Goldman Properties. “Fix up the buildings to get the creative businesses in, develop retail at the ground level, and residential will follow.”

 

Conversion Associates Trailblazing Again


brooke@mcdvent.com
Brooke Botello

 From Conversionassociates.com:

"Some never believed that web analytics could be easy. Lytiks is our new release of our Conversion Action Platform (CAP) product. Lytiks has been designed through over 3 years of customer response to make web analytics – the installation, the reporting, and the analysis – easier."

 

Congratulations Mayor Menino and Boston City Councilors


pam@mcdvent.com
Pamela McDermott

This morning the inauguration of Mayor Menino was a true celebration. Re-elected to an unprecedented 5th term, Mayor Menino recommitted himself to the building new foundations and propelling Boston onto the world's stage. We look forward to working with the Mayor and City Council over the coming years. Together, we will continue to build a better Boston.

Social Media and Your Communications Strategy


pam@mcdvent.com
Pamela McDermott

As we are all aware, the world of communications is changing rapidly, everyday.While traditional means of getting your messages out will always be important, we cannot overlook the growing significance of social media in any communications strategy.  For instance, we use site like Twitter, LinkedIn and blogs to build a brand or reputation.

In the following Boston Globe article, "Google unveils real-time search”, they outline their plans to deliver more comprehensive search results that include social media.  This means that any 'status-updates,' 'tweets,' or blog entries will be included in a search about you or your company, within moments of posting the message.  Joining other major search engines, Yahoo and Bing, it is clear that social media is a tool that should be employed in your communications strategy.

Boston Globe Link:  http://www.boston.com/business/technology/articles/2009/12/08/google_unveils_real_time_search/

Congratulations to EVP Carolyn Spicer


brooke@mcdvent.com
Brooke Botello

 Congratulations to EVP, Carolyn Spicer.

Congratulations to Carolyn Spicer, Executive Vice President of McDermott Ventures. Carolyn was recently recognized by Banker and Tradesman as one of the 2009 New Leaders. Carolyn has been with the firm since its inception in 1997. She has managed permitting and strategic communications as an integral part of the firms largest real estate clients: Fan Pier, Russia Wharf and The Clarendon, to name a few. Additionally, Carolyn is involved with New England Baptist Hospital, Heading Home and Save the Harbor/Save the Bay.

 http://www.bankerandtradesman.com/files/btnewleaders113009_web.pdf


Oh Won't You Stay


pam@mcdvent.com
Pamela McDermott

See article in Boston Business Journal: Oh Won't You Stay: Young Entrepreneurs Push Peers to Stay in Massachusetts

This is great news-young innovative entrepreneurs wanting to stay in Massachusetts...what can we do to support them? For one thing, we should invite them to integrate into the established venture capital and IT communities, and include them in Boston World Partnerships global network.

 boston.bizjournals.com/boston/stories/2009/11/23/story1.html

Congrats to NAIOP Award winners last evening


pam@mcdvent.com
Pamela McDermott

Congratulations to the Beal Companies who received NAIOP's 2009 Distingushed Real Estate Award last evening at the Annual Awards Gala at the Westin.  Beal recived this award for their deep and long-standing committement to the community and the real estate industry.  Also congratulations to last nights recipient of NAIOP's Public Service Award, John Fish, Chairman and CEO of Suffolk Construction.

Mayor Menino Wins 5th Term


pam@mcdvent.com
Pamela McDermott

What worked for Tom Menino was hard work and knowing your city.

He has always known that constituent services should be at the forefront of city management, and Boston voters endorsed his years of paying attention.  Fiscal management, public safety and a clean city that welcomes the additional 500,000 workers and visitors that use Boston everyday, are also hallmarks of what Tom Menino has done. We welcome another term from this Mayor!

Ceiba Solutions Gets Boost from NZ Government


carolyn@mcdvent.com
Carolyn Spicer

New Zealand Government Invests in Cambridge Company
Ceiba Solutions

New Zealand & Cambridge, MA - Ceiba Solutions, an IT company specializing in solutions for Life Science customers, announced today that The New Zealand Government’s Foundation for Research, Science and Technology is making an investment of $NZ600,000 to help Ceiba create a drug development information ‘dashboard.’

Ceiba Solutions, which was launched in New Zealand in April 2006, and opened its USA headquarters in Cambridge, Massachusetts the following August, recognized the complexities, and the multi-company effort, to bring new-age drugs and medical devices to market. Drug discovery and development today require a mammoth effort to continually gather and manage data across a network of independent Life Science companies. These can include contract laboratories and research groups, contract manufacturers, dedicated testing facilities and a host of specialists.

Ceiba Solutions, with its IT development team in New Zealand, has laid out a design to tackle the problem of shared data and collaborative processes across multiple companies with a unique approach that combines its proprietary technology for data and application integration with some of the latest internet innovations.

Although there are many potential applications, the initial goal is to produce a ‘dashboard’ that provides an instant window into the inventory status of any product in development. An outside group of experts in the Life Science community is being formed to help Ceiba refine the scope of a solution that can be quickly prototyped to showcase the technology.

“Ceiba has presented a compelling case for this solution, which includes a very creative, collaborative process that involves members of the Life Science business community to help guide the work,” said Craig Adams, NZ Business Manager.

“Our exposure to the information technology issues of drug discovery and development has provided us a unique opportunity to come up with pragmatic ways to bridge different software and data standards into a common model. We are also sensitized to the economic constraints that have hit the Life Science industry as it has many others,” said Lindsay Rewcastle, Ceiba Solutions CEO.

With a prototype planned for March of 2010, the resulting solution will involve remote hosting of data and secure access, with minimal, if any, computer infrastructure investment by participating Life Science companies. The Dashboard Advisory Group, aided by the Ceiba Agile (cAgile) collaboration software, will help members describe the requirements. Participating Life Science advisors will have the option to serve as early testers.

New Player in Market for Retail Property


brooke@mcdvent.com
Brooke Botello

New player in market for retail property

Commercial real estate powerhouse CB Richard Ellis/New England is launching a venture with one of the region’s largest players in retail leasing, with the two trying to capitalize on an economic rebound that will probably lead to new property redevelopments and store openings over the next few years.

CB Richard Ellis is forming a joint venture with Grossman Commercial Real Estate Group, whose principals have represented Puma, Linens ‘N Things, and CVS drugstores.

The new entity, to be called CBRE/Grossman Retail Advisors, should be a formidable player in the region’s retail market. Principals said the current slowdown presented an unusual opportunity to join forces, allowing them to create new business now and expand as retailers emerge from the doldrums to scout new locations.

“Our expectation is that we’re hitting the ground running at the right point in the curve,’’ said Kevin M. Doyle, co-managing partner for CBRE/New England. “We see a lot of opportunities for retailers, and that will grow in the future.’’

The move gives CBRE a retail brokerage operation that it has long lacked in the region. The firm currently focuses on office and industrial properties, but does not have a retail leasing operation.

The new venture will handle leasing, property management, development, and consulting for landlords and tenants looking to expand or overhaul their properties. Local real estate analysts said the new venture will be able to seize opportunities created by the economic downturn, which has led to store closings in prime locations that are now available at much cheaper prices.

“There are very unique opportunities out there that we haven’t seen in 15 years,’’ said David Begelfer, chief executive of NAIOP Massachusetts, a commercial real estate association. “There will be a lot more transactions in the retail market as a result of that.’’

For Grossman, led by Howard Grossman and his son, Jeremy, the deal allows the firm to hitch its name to one of the region’s largest players in commercial real estate.

Howard Grossman will serve as president of the joint venture. He has worked in the New England market for 35 years. During the past eight years, he has handled leasing for developer Steve Samuels, whose recent projects include Trilogy, an apartment and retail complex near Fenway Park, and another residential complex nearby on Boylston Street.

Jeremy Grossman recently directed real estate and leasing in New England for Federal Realty Investment Trust, which is building Assembly on the Mystic, a 66-acre development of stores, residences, and offices in Somerville.

“There is a clear reset button that’s been hit in the market,’’ he said. “Retailers that are healthy view this period as a tremendous opportunity to expand . . . and we intend to capitalize on that.’’

Casey Ross can be reached at cross@globe.com.  

CBRE-NE and Grossman Form New Entity


pam@mcdvent.com
Pam McDermott

CB Richard Ellis/New England and Grossman Commercial Real Estate Group, Inc. Announce Formation of CBRE/Grossman Retail Advisors

 

BOSTON (Oct. 7, 2009) — CB Richard Ellis/New England (CBRE/NE) and Grossman Commercial Real Estate Group are pleased to announce the formation of CBRE/Grossman Retail Advisors, a full-service retail real estate advisory firm dedicated to providing best-of-class retail services including leasing, property and, asset management, and development consulting to retail owners and tenants throughout the New England region. The new entity is a joint venture between CBRE/NE and GCREG, Inc. Howard D. Grossman, a 35-year retail real estate veteran, will serve as President/Managing Principal of the new venture and was most recently a Principal at Samuels & Associates, a leading New England real estate developer based in Boston. Grossman has managed real estate departments for FOTOMAT Corp., CVS Drug Stores, Melville Corporation and Marshall Stores and was also previously affiliated with national real estate consulting firm Katz and Associates.

 

CB Richard Ellis New England is a joint venture between CB Richard Ellis Group, Inc and the principals of CBRE/NE.

 

“Our goal is to create the best retail platform in New England to service our valued clients,” said Grossman, who began his retail career in 1974. “We believe that the combination of CBRE’s dominant international platform and leading US retail capability, our local market expertise and our experience as both owners and service providers will redefine the level and quality of service offered to our clients. Given the uncertainty in the marketplace and our clients’ need for information, strategic advice, and certainty of execution, there could not be a better time than now to launch this new venture.”

 

Howard Grossman will be joined by Senior Vice President and Principal Jeremy Grossman, who began his career in commercial real estate in 1997. Most recently Jeremy served as Director of Leasing in New England for Federal Realty Investment Trust where he was responsible for the merchandising and leasing strategies for Federal Realty’s New England assets including high-profile properties such as Linden Square in Wellesley and Assembly Square in Somerville. Additional members of the CBRE/Grossman Team include: Senior Vice President and Principal Kyle Juszcyszyn, a former 13-year veteran of Samuels & Associates, who will be responsible for retail asset management on behalf of private owners, banks and institutional owners; Vice President of Property Management Paul Connolly, formerly of Fidelity and Federal Realty; and Senior Leasing Associate Paul Grossman, formerly of Strategic Retail Advisors.

 

“We’ve been looking for the right opportunity to meaningfully expand our retail capability for years,” said Andy Hoar, President and Co-Managing Partner of CBRE/New England. “Howard and his team will make an immediate impact on the retail landscape and we look forward to growing this new business into the market-leading retail services company in New England.”


 


About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue).  The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.

 

 

 

 

About CB Richard Ellis New England

CB Richard Ellis’ New England practice has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. The firm serves real estate owners, investors and occupiers by offering strategic advice and execution for: property leasing and sales, property facilities and project management, corporate services, debt and equity financing, investment management, valuation and appraisal, research and investment strategy, and consulting.

 

 

Suffolk Acquires Berry


pam@mcdvent.com
Pam McDermott

Suffolk Construction Company Acquires William A. Berry & Son to Create One of The Top 20 Largest Construction Firms in the Country

--New England’s Premier Construction Companies Become One--

--Firms Will Combine Resources and Offer State-of-the-Art Technology for Clients on a Local and National Scale--

BOSTON--Suffolk Construction Company, New England’s largest construction company announced today that they have acquired William A. Berry & Son (Berry), the second largest construction company in the region. The two premier companies, both with deep New England roots and successful track-records, combined will have more than 1,200 employees and projected revenues of $2 billion. This transaction will further allow the company to position itself on a national scale, particularly in the areas of healthcare, education, life sciences/biotech, government and commercial development.

“We see this as a tremendous growth opportunity for our company, both locally and nationally. Today’s economic climate has changed the way our industry operates and we view this partnership as a way to leverage our expertise, tools and experience on behalf of our clients. We are now even better positioned to provide solutions to clients who need to find ways to build in this environment,” said John Fish, CEO, Suffolk Construction.

“There is an incredible amount of synergy between the two companies, because our core businesses are complementary, not duplicative. This partnership will trigger growth, provide efficiencies and add value for our clients. Our dedication to our employees, our clients and the community will not change, but strengthen through our partnership,” said Peter Campot, President, William A. Berry & Son.

Providing preconstruction, construction management, design/build and general contracting services together, the combined forces of Suffolk and Berry will offer infinite resources, and superior innovation and technology to its clients, transforming the way clients achieve success in the construction industry in the 21st century, including:

    * A commitment to sustainable building practices with over 175 LEED accredited professionals, providing the most sustainable value for every dollar spent. Together, they boast more than 32 projects that are either LEED credited or pursuing certification, and strong national partnerships with organizations that specialize in emerging technologies and business practices; and
    * Use of state-of-the-art technology to support Building Information Modeling (BIM), which combined with a dedicated internal engineering team and experience with 25 active BIM projects, positions the team as a contractor of choice for clients. BIM is changing the way the construction industry operates, creating up-front collaboration online between builder and designer, resulting in a virtual project to identify inconsistencies and problems before construction. BIM provides savings in both time and cost for clients.

Suffolk and Berry are responsible for constructing some of the most high-profile buildings in the region, including most recently:

Suffolk: The Liberty Hotel, Mandarin Oriental Boston Hotel & Residences, Beth Israel Deaconess Medical Center Needham, Hebrew Senior Life, NewBridge on the Charles, Patriot Place, MIT Dewey Library, John W. McCormack Building, Fenway Community Health and Legacy Place.

Berry: Baystate Medical Center, Carl J. and Ruth Shapiro Cardiovascular Center at Brigham and Women’s Hospital, Smith College’s Ford Hall, Center for Life Science/Boston, University of Massachusetts Medical School, Maine Medical Center, Harvard Medical School’s new research building and the University of Vermont’s Dudley H. Davis Center.

Because philanthropy is central to the culture of each company, the partnership will preserve its long-standing commitment to its community and civic ventures and believes that this is an opportunity for its programs to strengthen and grow. Suffolk’s Red & Blue Foundation, focuses on making a difference in local neighborhoods by positively impacting underserved children, particularly through educational efforts. Its signature program, the Boston Scholar Athlete Program, was launched this year to support academic achievement through athletics in Boston’s public school system. Berry’s employees launched The Berry Fund Charitable Foundation in 1994, which is a grass roots effort that has raised more than $1.5 million since its inception, distributing 100% of the funds raised to communities around New England.

For more information: www.suffolkconstruction.com & www.berry.com.

 

Conversion Associates, McDermott Ventures Partner, Recognized by Mass High Tech


brooke@mcdvent.com
Brooke Botello

 Congratulations to our partner, Conversion Associates, who was named by Mass High Tech as one of the 'Top Five Start-ups You Should Follow.' 

Founded in 2005, Boston-based Conversion Associates is a business intelligence firm. Conversion Associates are strategic consultants, engineers, analysts and designers. The Conversion Action Platform (CAP), a business optimization SaaS, tracks, measures and reports on real-time business analytics. CAP is unique combining web analytics and phone call tracking to the SMB market.

Conversion Associates recently earned recognition Boston's Mayor, Thomas M. Menino, as one of Boston's "entrepreneurial success stories."   
www.conversionassociates.com
 

 www.masshightech.com/stories/2009/09/14/daily22-Startup-Watch-Five-you-should-follow.html

Senator Kennedy


sbogart@conversionassociates.com
Pam McDermott

We lost a good friend today.

I've known the Kennedy family since 1972, when I worked at the Compound as a babysitter.  I can say that Senator Kennedy's role as the centerpiece of the family was a part of their everyday lives, even back then. He has always been a man dedicated to caring for others. This part of his legacy will not be forgotten.