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Did you miss our July Newsletter? Read about upcoming BOMA Boston events, news, and educational opportunities!

Read the August BOMA Enews.

August 2020 E-News

NEW Property Manager Certification Program
Finally, the commercial real estate industry has a professional certification that provides early recognition for foundational knowledge and guides the next generation of property managers toward greater responsibility and success in their careers: the Certified Manager of Commercial Properties (CMCP)

CMCP is the only certification of its kind for early career commercial property managers – you may qualify with as little as one year’s experience

Instantly communicates your ability to be an effective commercial property manager with a strong understanding of the responsibilities of the role

Offers recognition early in your career and increases your value to your company and the industry

Signals to employers you have the potential to advance and grow in your career and can navigate the fast-changing world of commercial real estate

Boosts confidence by validating your knowledge of fundamental commercial real estate operations and management principles

May increase your chances for promotion and/or additional responsibilities and opportunities

Learn more here! 

CMCP for Emerging Professionals

Did you miss our July Newsletter? Read about upcoming BOMA Boston events, news, and educational opportunities!

Read the July BOMA Enews.

July 2020 E-News

BOMA Boston is proud of our members by giving back to the community, always, but especially in these times. See below for some good stories during these troubling times.
If your company or a peer is doing something great to give back, feel free to email Courtney McHugh, cmchugh@gbreb.com to be featured on this page.


BOMA is proud of our Benefit Sponsors who generously donated their sponsorship dollars and dozens of members who purchased raffle tickets online for a combined total of $45,000 that we were able to donate to our charitable partner, Bridge Over Troubled Waters! Every year, Bridge Over Troubled Waters serves over 2,000 homeless, runaway and at-risk youth. Right now, with schools closed, many hourly jobs shut down, and some unsafe home environments, Bridge provides crucial shelter, food, resources and social services for the youth of Boston. Click here to view their website and donate!

Rockhill Management's highly anticipated Food Hall, High Street Place, was set to open in March between Federal Street and High Street in Boston.  Although the doors have not yet opened, several of the restaurant partner's are still there cooking meals for front-line workers during the COVID-19 crisis in hospitals in the Greater Boston area. Click here for the full story. 

In March 2020, Siena Construction completed a fast-track laboratory conversion project for the Broad Institute of MIT and Harvard, providing an important addition to the scientific research challenges posed by the COVID-19 Pandemic. Click here to view the full story.

BOMA Members from Progroup Contracting are raising funds to purchase Ipads for local hospitals with COVID-19 patients to ensure that they are able to connect with their loved ones. Click here to donate.

By purchasing meals through Feed the Frontlines Boston, you will help fuel the extraordinary efforts of our city's healthcare workers while also supporting our local restaurants and employees. With your support Viga Italian Eatery and Shed's BBQ can delivery healthy, fresh and free meals to Boston's amazing doctors, nurses and medical staff. Click here to take action!




BOMA Gives Back!
GBREB NEWS

Newton Centre Realty, Inc v David Jaffe

Newton Center Realty, Inc. V David Jaffe
Massachusetts Appeals Court
No. 19-P-1082
Argued 3/3/20-Decided 6/23/20

On June 23, 2020 the Massachusetts Appeals Court decided a case of first impression in the Commonwealth regarding brokerage fees.  The question addressed was does the death of a seller terminate a real estate brokerage agreement between the seller and a broker.

Facts: 
In 2017 a seller entered into three exclusive brokerage agreement to sell two residential properties in Brookline and one in Newton.  The agreements were on standard GBREB forms.  Under each agreement the broker was entitled to a four percent commission.  The seller died and the seller’s son sold the properties independent of the broker, but within the exclusivity period of the agreements that had been properly executed.  The broker sued the Sellers estate and was unsuccessful at trial.  The case was brought up on appeal. This issue had not been decided under Massachusetts law.  

Decision: 
The agreements here created a principal-agent relationship that entitled the broker to a commission if Shirley’s (the Seller) properties were sold within the exclusivity period.  They did not confer an interest in the property.  Accordingly, Shirley’s death terminated the agency relationship, and the broker was not entitled to recover contract damages from Shirley’s estate.  The Superior Court judge properly dismissed the complaint for failure to state a claim. 
The Appeals Court upheld the lower court ruling that the death of the seller terminated the agency relationship, and the broker was not entitled to a commission.
 



Broker Fee Appeals Court Decision

Congratulations, BOMA Boston!
Together, we raised $45,000 for Bridge Over Troubled Waters!

March 25 was intended to be the 2020 BOMA Boston Benefit, supporting Bridge Over Troubled Waters. Unfortunately, we had to cancel this in-person event.

Instead, most of our of sponsors generously donated their sponsorship dollars, and dozens of members purchased raffle tickets online, for a combined total of $45,000!

We are so proud to be able to provide Bridge Over Troubled Waters with financial support during this challenging time. Every year, Bridge serves over 2,000 homeless, runaway and at-risk youth. Right now, with schools closed, many hourly jobs shut down, and some unsafe home environments, Bridge provides crucial shelter, food, resources, and social services for the youth of Boston.

On June 18, Adrienne Maley, BOMA Boston Executive Director, and Shawn Carroll, CBRE, BOMA Boston President virtually presented Elisabeth Jackson, Executive Director of Bridge Over Troubled Waters with a $45,000 donation to support their work.
Please view the donation presentation here. 

Check out sponsors, raffle winners, and more here!

BOMA Benefit Raises $45k!
 

Events

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Event
Boston CRE Panel: Diversity, Equity, and Inclusion
Aug 10, 2020
Online
BOMI Design, Operations, And Maintenance Part II - Online
Sep 08, 2020 - Oct 01, 2020
Online Course
BOMI Real Estate Investment And Finance - Online Course
Sep 23, 2020 - Nov 11, 2020
Online Course
BOMA Golf Tournament
Sep 28, 2020
Pinehills Golf Club
54 Clubhouse Drive
Plymouth, MA
BOMI Environmental Health And Safety - Online Course
Nov 10, 2020 - Dec 11, 2020
Online Course

Calendar

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Boston CRE Panel: Diversity, Equity, and Inclusion
Online
12:00pm
 
BOMI Design, Operations, And Maintenance Part II - Online
Online Course
10:00am
 
BOMI Real Estate Investment And Finance - Online Course
Online Course
8:00am
 
BOMA Golf Tournament
Pinehills Golf Club
7:00am
 
BOMI Ethics - Postponed
BOMA Offices
9:00am
 
Why BOMA Boston?  Hear from BOMA Members!