REFA ADOPTS DIVERSITY AND INCLUSION POLICY

 

 

REFA Adopts Diversity and Inclusion Policy

To renew your membership with REFA, please see below. The final deadline for renewals is March 31, 2019. 

Renew the Following Ways:

Pay Online
If you are an individual member with REFA, you pay pay online by credit card by clicking here. Having trouble logging in? Email  Courtney for your user credentials.

Pay by Fax or Email
Return a copy of your dues invoice with payment information to 617-588-0286 (or secure efax line) or scan and email to cmchugh@gbreb.com.

Pay by Mail
Return a copy of your invoice and payment information (credit cards or checks payable to REFA) to:
REFA Membership, Three Center Plaza, Mezzanine Suite, Boston, MA 02108.

*Please note the deadline for renewals is past due as of January 31st, 2019. The final deadline for renewals is March 31st, 2019. 


 

REFA Membership Renewal Deadline - March 31st
GBREB NEWS

Boston CRE Summit on Equity, Inclusion & Diversity

Diversity and inclusion have been topics in Commercial Real Estate for some time.  However, with the changing political climate and the publication of the Boston Globe’s series titled “Boston. Race. Image. Reality.,” where we learned the average African-American family has a net worth of $8, we’ve seen a shift in focus to equity - a term near and dear to our commercial real estate hearts. 
 
GBREB has joined forces with AAREP, Builders of Color Coaltion, CORENET Global, CREW Boston, ULI Boston/New England and NAIOP Massachusetts to work together to begin the first of many conversations around awareness, education, and action to move the needle on Equity, Inclusion and Diversity.

Led by some of Boston’s most forward thinking and acting DEI experts, this interactive series of programs will teach you how to help your organization make small steps to big change, while networking with peers from across the industry.
 
Topics to be covered include:
* Learning about Equity, Diversity & Inclusion
* Discussing Equity’s dual meaning to real estate and inclusion
* Overcoming blind spots and being culturally sensitive
* Identifying and eliminating barriers to a more inclusive culture
* Facilitating debate, conversations, and community building

Click here to register
Boston CRE, Equity, Inclusion and Diverstiy Summit
GBREB NEWS

Monday 3/18 & Tuesday 3/19 Public Hearing On Wetlands By-Law and Real Estate Sales Tax

The Boston City Council will be holding two public hearings next week of interest to the real estate industry.    Both hearings will be held at Boston City Hall in the Iannella Chamber, 1 City Hall Square 5th Floor.  Members of the public are welcome to attend.

WHAT:  Wetlands ByLaw
DATE:  Monday, March 18th
TIME:  11:30
Docket #0250 - An ordinance protecting local wetlands and promoting climate change adaptation in the City of Boston.
SPONSORS:  Councilors Wu, O'Malley, Flaherty, Edwards, Essaibi-George, Flynn, Janey, McCarthy, Zakim and Campbell

WHAT: Real Estate Transfer Tax
DATE:  Tuesday, March 19th
TIME:  2:00 p.m.
Docket #0187 - A hearing regarding a petition for a special law re: An Act Authorizing the City of Boston to Establish an Investor and Commercial Properties Transfer Fee.
SPONSORS:  Edwards, Janey, Wu, Ciommo, Essaibi-George, Flynn, Garrison, O’Malley, Zakim and Campbell

Boston Wetlands, Real Estate Sales Tax Hearing
GBREB NEWS

The Greater Boston Real Estate Board Scholarship has been established to provide scholarships ranging from $500 to $5,000 to graduating high school seniors who reside in Boston or the Greater Boston area.

This scholarship will be guaranteed for two years.  Applicants will be evaluated on the following criteria:

  • Demonstrated Academic Achievement
  • Leadership Experience and Extra-Curricular Involvement
  • Demonstrated Financial Need
  • Short Answer Response and Essay Response

In order to apply for this scholarship you MUST:

  • Be a class of 2019 graduating high school senior
  • Reside in Boston or the Greater Boston area (click here again to check to you live in this region) or see the list below:

Acton, Arlington, Ashland, Avon, Bedford, Bellingham, Belmont, Boxboro, Brookline, Burlington, Cambridge, Canton, Chelsea, Concord, Dedham, Dover, Everett, Foxboro, Framingham, Franklin, Holliston, Hopkinton, Hudson, Lexington, Lincoln, Malden, Mansfield, Maynard, Medfield, Medford, Medway, Melrose, Millis, Milton, Natick, Needham, Newton, Norfolk, Norwood, North Reading, Randolph, Reading, Revere, Sharon, Sherborn, Somerville, Stoneham, Stoughton, Stow, Sudbury, Wakefield, Walpole, Waltham, Watertown, Wayland, Wellesley, Weston, Westwood, Wilmington, Winchester, Winthrop, Woburn, and Wrentham. 

  • Submit a 2019-2020 FAFSA
  • Be a U.S. citizen or permanent resident

The deadline to apply is April 1st.

 

 

GBREB Foundation Scholarship Deadline April 1

2019 Installation of Officers, January 24th

 

GBREB Installation

Only REFA puts you at the Center of it All. 

From the skyline to the bottom line, finance impacts all aspects of the real estate industry. Only REFA puts you at the center of it all, connecting you with the leaders who are changing the game, the trends that are impacting the future, and the tools to grow your career and our community. To learn more about how REFA puts you at the center of it all, please click here

At The Center of it All
GBREB NEWS

Massachusetts SJC Upholds Independent 3rd Party Appraisals

In September GBREB filed an Amicus Curiam , or “Friends the Court” brief in the case of Buffalo-Water, LLC V. Fidelity Real Estate Company LLC.  

In this case the two parties reached a contractual agreement on the purchase/sale of commercial property, with the price being established by a 3rd party appraiser. In this case, Buffalo Water did not like the number that the appraiser arrived at for the sale price and sought to extricate themselves from the transaction.

Under Massachusetts law, judicial review of an independent third party appraisal in a transaction like this was limited to cases of fraud, corruption, dishonesty or bad faith. This case is an attempt to create additional categories to discredit the third party appraisal and thwart a transaction.

The issue on appeal in this case  is whether we should modify this common-law rule and allow a judge to invalidate an appraisal intended by the parties to provide a final, binding valuation of a property where there is the appearance of bias, not on the part of the individual who conducted the appraisal, but on the part of the entity that employed the individual appraiser.

On November 26th,  the SJC concluded that the common-law rule established in Eliot v. Coulter, 322 Mass. 86, 91 (1947),  properly balances the need for fair valuations with the need for finality in the appraisal process, and that an appearance of bias alone is insufficient to invalidate an appraisal. Because the allegations in the complaint, if proved, do not warrant a finding of any violation of the agreements setting forth the terms of the appraisal, or a finding of fraud, corruption, dishonesty, or bad faith by the individual appraiser, or a finding of breach of the implied covenant of good faith and fair dealing by the defendant, the SJC affirmed the Superior Court judge's order allowing the defendant's motion to dismiss.

The Amicus Brief filed on behalf of the Greater Boston Real Estate Board states that the current law should be upheld and that no new categories or exceptions should be created judicially as that is best left to the Massachusetts Legislature.  The Massachusetts Supreme Judicial Court decision upheld GBREB's position.

 


 

Court Upholds Independent Appraisals

 

 

 

THANK YOU FOR SUPPORTING THE 30TH ANNUAL REFA GALA!

Thank you to all who joined us and helped to support this year's REFA Gala! It was a wonderful evening honoring both David Manfredi and Elizabeth Lowrey of Elkus Manfredi Architects with the Robert S. Swain Jr. Distinguished Service Award! In honoring David Manfredi and Elizabeth Lowrey, REFA presented its first design firm with the Robert S. Swain Jr. Distinguished Service Award. In addition, REFA formally unveiled its new brand, as well as recognized the past REFA Gala honorees as part of its 30th Anniversary Celebration.

To view photos from the event, please click here

To watch the full 2018 REFA Gala honoree video, please click here.

Thank You For Supporting the 30th Annual REFA Gala!

Thank You For Supporting: REFA 2018 Charitable Golf & Tennis Tournament

On Monday, July 23rd, REFA held its 15th Annual Charitable Golf and Tennis Tournament benefiting both FamilyAid Boston and Rosie's Place, two organizations whose missions are to help end homelessness in Greater Boston. Over 130 golfers and tennis players joined us at Dedham Country & Polo Club for a great day on the course (and courts!), followed by the awards and dinner ceremony. 

For photos from the day, please visit the event site

Thank You For Supporting: REFA 2018 Golf and Tennis Tournament
GBREB NEWS

A real estate coalition made up of the Greater Boston Real Estate Board, Home Builders and Remodelers Association of Massachusetts, Massachusetts Association of Realtors®, NAIOP—The Commercial Real Estate Development Association, along with the Massachusetts Municipal Association announced today that they have issued a joint letter in support of An Act to promote housing choices. The groups have come together to back Governor Baker’s Housing Choice legislation because of the lack of housing available to meet current and future demand. 

 

 

Real Estate Coalition and muncipalities Join to support Baker housing bill

REFA's 30th Anniversary! 

Formed in 1988, REFA currently has 600 members, 100+ corporate sponsors, and last year hosted over 30 educational and networking events

The success and survival of the organization would not be possible without the contributions of REFA's sponsors and members. We at REFA would like to acknowledge our members and 100+ corporate sponsors for their continued support as REFA celebrates its 30th Anniversary this year!

We look forward to the next 30 years are we continue to strengthen and enhance the organization.

To learn more about why REFA is at the center of it all, please click here

REFA Celebrates 30!

Upcoming Events

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Event
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REFA Women's Roundtable Series Ft. Elizabeth Lowrey
Elkus Manfredi Architects
7:45am
 
REFA Exec. Insights Ft. Dave Greaney, Synergy Investments
Chrome Amenities Center
7:45am
 
GBREB Massachusetts Executive Office Breakfast Briefing
Two Center Plaza
8:15am