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6 NEW ENGLAND CONDOMINIUM   - FEBRUARY 2019   NEWENGLANDCONDO.COM  Industry Pulse  Transitions & Awards  CAI Welcomes New Leaders  Community Associations Institute (CAI)   recently welcomed Cat Carmichael,  CMCA,   PCAM, as its 2019 president.  According  to  a CAI  press  release,   Carmichael, founder of Strategy 1 2 3 in San   Clemente, California began her term as CAI   president on January 1. She leads the Institute’s   15-member board of trustees, composed   of community association industry leaders,   and CAI’s three membership representation   groups that work on behalf of homeowner   leaders, community managers, and business   partners. Ursula K. Burgess, Esq., shareholder   at Rees Broome PC in Tysons Corner, Virginia,   is serving as president-elect.   “Community associations are increas-  ingly  becoming  a  preferred  housing  model   worldwide, and it’s essential that CAI’s board   of trustees encompasses the best and brightest   leaders in today’s community association mar-  ketplace,” said CAI CEO Thomas M. Skiba.   “We’re proud of the professional accomplish-  ments of our board members and member-  ship representation groups, and through their   dedication and commitment to upholding the   highest industry standards, CAI will continue   to be the trusted resource for education and   advocacy on behalf of the millions of home-  owners, professional community managers,   and business partners serving these commu-  nity associations.”   Skiba indicated that throughout the year,   Carmichael will be emphasizing the need to   attract and retain talent to community associa-  tions.   “Our  fast-growing  industry  needs  quali-  fied, dedicated, enthusiastic professionals to   ensure the financial well-being, physical main-  tenance,  and  social  harmony  of  the  nearly   350,000 community associations in the U.S., as   well as the thousands of communities around   the world,” said Carmichael. “I am honored to   lead CAI, an organization that has been indis-  pensable in shaping the success and strength   of today’s condominium communities, home-  owners associations, and housing coopera-  tives.”   Other members of the 2019 CAI board of   trustees are: Immediate Past President, John   Hammersmith; Pamela D. Bailey; Pat A. King;   Kara Cermak; Joel W. Meskin, Esq.; Jeevan   D’Mello; Peter B. Miller; James H. Dodson   IV; Vishnu Sharma; Lincoln W. Hobbs, Esq.;   Judith Silva; Julia Holland; and Jessica Towles.   More  information  about  CAI  leadership   can be found at  WinnCompanies Earns Housing Kudos  MassHousing, the independent agency   responsible for providing financing for afford-  able housing in Massachusetts, has recognized   WinnCompanies as the state’s leading partner   for minority- and women-owned businesses   (M/WBE) for the 17th time. WinnCompanies   received the Property Management Award   of Excellence for awarding the highest value   of contracts for goods, services and sup-  plies to both Minority and Women-Owned   Businesses at MassHousing-financed proper-  ties managed by WinnResidential during the   most recent fiscal year.  “WinnCompanies has long embraced the   many benefits of contracting with minority   and women-owned business enterprises and   should be commended for their exceptional   efforts this past fiscal year,” said MassHousing   Executive Director Chrystal Kornegay.  Calcagni Joins Peabody Properties    Heather Calcagni has joined the Executive   Leadership Team at Peabody Properties   as Director of Revenue Management   and Marketing, according to a company   announcement. Calcagni launched her career   in real estate and property management nearly   15 years ago and most recently served as VP   of Marketing and Revenue Management for   Boston-based Wingate Companies. According   to the company: “She is a results driven execu-  tive with a revenue management discipline   that  will  positively  impact  PPI’s  strategies   for increased revenue growth while keeping   owner objectives at the forefront. We look for-  ward to her fresh ideas and valuable insight.”  Real Estate  New Congresswoman Looking for New Home  Ayanna Pressley, the first black woman to   represent Massachusetts in the U.S. Congress,   has put her 897-square-foot condo in   Dorchester up for sale, according to   Patch  . The   pricetag: $409,000.   Pressley represents the 7th Congressional   District,  which  includes  parts  of  Boston,   Milton and Chelsea, Everett, Randolph, and   Somerville. Pressley said in a statement that   she and her husband are looking for a new   home in Boston for the couple and her step-  daughter. The one-bedroom condo with den,   currently being used as a two-bedroom unit,   includes an open concept living and dining   room, crema marfil marble bathroom tile,   stone counters, and stainless steel appliances.  Malden Project Staves Off Wrecking Ball  A ribbon-cutting ceremony was held   in January for the official opening of the   Residences at Malden Station 138, a $25 mil-  lion transit-oriented, mixed-use development   located near the Malden Center T Orange   Line stop in Malden. Comprised of 69 market-  rate rental apartments and 6,500 square feet   of retail space, the project was developed by   a joint venture between The Brennan Group   and an affiliate of Corcoran Jennison, accord-  ing to the   New England Real Estate Journal.  The development is part of an ongoing effort   to revitalize downtown Malden while preserv-  ing a historic landmark and providing market-  rate housing for the region.    The project involved the restoration of the   original Browne-Masonic Building, construct-  ed in 1895, and the construction of an addition   to the building on Exchange Street. Built in the   neoclassical style with a yellow brick façade   marked by arched window bays, the building   is listed on the National Register of Historic   Places.    The Residences at Malden Station 138 is   comprised of a mix of studio, one- and two-  bedroom units. The pet-friendly apartments   were fully leased within months, the paper   reported.   The project was financed through fed-  eral and state historic tax credits, the   Commonwealth of MA Housing Development   Incentive Program (HDIP) tax credits, a City   of Malden Tax Increment Exemption (TIE)   Agreement, and owner equity, as well a con-  struction loan provided by Eastern Bank.   “This building was facing the wrecking ball,   so we’re very happy that we were able to restore   this public gem,” said Jack Brennan, President   of  The  Brennan  Group.  “But  we  must  also   remember that what makes this project so   unique is that it is a great example of how pub-  lic private partnerships can work to the benefit   of all.”   Avon Place Apartments Sold for $24M  Institutional Property Advisors (IPA), a   division of Marcus & Millichap, recently com-  pleted the $24 million sale of 164-unit Avon   Place Apartments, part of the 188-unit Avon   Place Condominiums in Avon, Connecticut,   according  to the   New England Real Estate   Journal.     “Intimate knowledge of the Hartford   County marketplace and prior experience   handling fractured condo executions were   extremely helpful in closing this transaction,”   said Victor Nolletti, Senior Managing Director   leading IPA’s Northeast team.    Avon Place is situated in a campus-like   setting near Route 44, which connects the   Farmington Valley to West Hartford and   downtown Hartford. Built in 1973 on more   than 46 acres, Avon Place is composed of three   brick residential buildings and a clubhouse.  Law & Legislation  Boston Sets New EV Rules for Condos  As one of the final acts of the 2017-2018   session, the  Massachusetts  State Legislature   passed and Gov. Charlie Baker signed a City of   Boston Home Rule Petition stating that a con-  Monday-Tuesday,    February 11-12, 2019  IREM: Budgeting, Cash Flow and Reporting   for Investment Real Estate  Peter Sanborn Place, 50 Bay State Rd.,   Reading, MA   8:00 a.m. – 4:00 p.m.  It’s time to maximize the financial potential   of your properties and finally take control   of your property’s financial future. In this   course, you’ll master all the necessary   budgeting and accounting skills to help you   meet your owner’s goals, improve NOI, and   make an impact on your property’s value.   Visit to register.  Friday, February 15, 2019  BOMA: Foundations of Real Estate   Management  BOMA Offices, Three Center Plaza,    Boston, MA   9:00 a.m. - 3:00 p.m.  Foundations is a five-module, 28-hour entry-  level course, covering the fundamentals   of commercial real estate administration,   management, building systems, accounting/  reporting, contract management, and more.   Continues on February 22 and March 1, 8,   and 15. Register at       Saturday, March 16, 2019  CAI Connecticut Annual Condo/HOA   Conference & Expo  Aqua Turf, 556 Mulberry St., Plantsville, CT  8:30 a.m. - 2:00 p.m  The Connecticut Chapter of Community   Associations Institute presents its annual   trade show and conference with seminars,   free expert advice, and vendor exhibits. For   information, visit  Thursday - Saturday, March   21-23, 2019  M-100: The Essentials of Community   Association Management  Natick, MA  Thursday and Friday, 8:30 a.m. - 5:30 p.m.;   Saturday, 8:30 a.m. – noon  This comprehensive community association   management course provides a practical   overview for new managers, an essential   review for veteran managers, and an   advanced course for board members. You’ll   receive a 400-page participant guide filled   with dozens of sample forms and time-saving   tips for working with homeowners, vendors,   managers and other professionals. Visit  CAL EN D AR  Feb-March  2019  PULSE/CALENDAR  continued on page 22

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