RE Roundtable: The Post-Pandemic Office Market
- Registration for this event is now closed.
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07 Apr 2022 |
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 Weston & Wayland
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“The Future of the Office Market in a Post Pandemic World”
Featured Thought Leader:
Frank Ferruggia, Senior Partner, McCarter and English
Topic: Trends in the national office market in the post-pandemic era.
Questions to address:
• How will appraisals of these properties be impacted (e.g., vacancy rates; sublease rates; cap rates)
• Has there been a cultural shift in work habits? Is remote work or the “hybrid model” now the default model?
• Ramifications for the downtown retail market: How does it survive if fewer people are coming to the office?
• What are effective strategies for improving occupancy rates in the post-pandemic environment?
Mr. Ferruggia has practiced at the firm for over 40 years and chairs the national Property Tax Appeal practice. He has
successfully represented owners and lessees of real estate and over his career has obtained tens of millions of dollars in property tax savings for his clients. His experience includes a wide range of property types, including office buildings, industrial properties, hotels, nuclear power plants, golf courses and large scale multi family residential developments.
Rotary Real Estate Roundtable Series Overview:
The Rotary Real Estate Roundtable is a 3-part series of discussions among thought leaders in commercial and residential real estate.
The series is part of the Rotary@Work initiative, produced and hosted by the Rotary Club of Weston and Wayland in collaboration with Atlantic Advisory Group. McCarter & English from Newark, NJ will co-sponsor the April 7th, 2022 session.
The series, under the guidance of Atlantic Advisory Group Inc. President Frank J. Parker, explores critical issues in real estate through presentations and conversations with leaders in the field. Each event in the series takes a varied approach to the current topic and is customized to highlight the thought leaders’ expertise. The sessions start with an expert presentation followed by a guided conversation, and conclude with an interactive Q&A.
Agenda, April 7, 2022 ~ Weston Golf Club Ballroom, Weston, MA
4:00 pm ~ Arrival and Networking
4:30 pm ~ Welcome, Introductions & Overview: Paul Lualdi, President, Rotary Club of Weston and Wayland
4:35 pm ~ Frank Ferruggia, Esq.: The Future of the Office Marketnin a Post Pandemic World”
5:15 pm ~ Guided Conversation: Frank J. Parker
5:30 pm ~ Q&A
5:55 pm ~ Roundtable Wrap-Up
6:00 pm ~ Networking & Social Time
6:30 pm ~ Dinner
7:25 pm ~ Closing remarks by Brenda DeVito, President-Elect, Rotary Club of Weston and Wayland
Logistics:
- Thursday, April 7, 2022, from 4 pm (Check-in, networking) to 6:30 pm, followed by an optional dinner
- Weston Golf Club, Weston, MA
- Capacity: limited to 60 guests. RSVP here.
- Cost: $50, which includes a celebratory toast and dinner.
- Priority will be reserved for Rotarians, Real Estate professionals, and sponsors of the Rotary Real Estate Roundtable Series.
Frank Ferruggia, Senior Partner, McCarter & English (Continued)
Frank Ferruggia has practiced at the McCarter & English for over 40 years and chairs the national Property Tax Appeal practice. He has successfully represented owners and lessees of real estate and over his career has obtained tens of millions of dollars in property tax savings for his clients. His experience includes a wide range of property types, including office buildings, industrial properties, hotels, nuclear power plants, golf courses and large scale multi family residential developments.
Mr. Ferruggia has handled many cases in Massachusetts, including consulting with Normandy Realty when they owned the John Hancock Tower. On behalf of the Saunders family, he tried the case involving the Boston Plaza Hotel and adjacent office building before the Appellate Tax Board in Boston, and obtained a decision that resulted in a $3 million tax refund. He also participated in the trial of the tax appeal involving the Woburn contamination site.
Mr. Ferruggia is a graduate of Princeton University, where he majored in urban affairs at the Woodrow Wilson School of Public and International Affairs. He is also a graduate of the Harvard Law School.
For 8 years, he was an adjunct professor at the Boston College Carroll School of Business where he co-taught a course on real estate development with Father Francis Parker. He currently is an adjunct professor at NYU’s Graduate Program of the Schack Institute of Real Estate where he teaches real estate law.
Frank Parker, Rotary Real Estate Roundtable Advisory Board Chairman
Frank J. Parker taught at Boston College since September 1969 as a tenured full professor of graduate-level real estate development, sustainability, and nonprofit organizations courses in the Carroll School of Management. For 23 years, he also was an adjunct full professor at Boston College Law School where he taught a variety of international law courses. He is a practicing attorney and licensed real estate broker in the Commonwealth of Massachusetts.
He was one of seven real estate professionals charged as The Real Estate Advisory Committee of the Roman Catholic Archdiocese of Boston with the selling of 47 parishes for in excess of $60 million in the wake of its recent lawsuit settlements.
For over a decade Professor Parker was a member of the Real Estate Roundtable and has been actively involved with The American Society of Real Estate Counselors (ASREC); The Urban Land Institute (ULI), and the Appraisal Institute (MAI). In 2006 he was appointed a Fellow by the British Royal Institute of Chartered Surveyors (FRICS).
For three years, Professor Parker was the Editor-in-Chief of the Journal of RTC Real Estate for Warren Gorham and Lamont, where he wrote a column each issue on “Ethics in Real Estate.”
Professor Parker was the first foreign consultant employed by the Government of Bermuda starting in 1994 to act as a consultant to assist in closing the 2500 acres of American Naval Bases on the island and redeveloping 10% of the landmass involved as commercial, residential, and recreational improved space.
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