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Key Insights from the Session:
Major Regional Investments Are Fueling Growth – MassDevelopment has invested over $1.3 billion across the M3 region, supporting projects in Chelmsford, Lowell, Burlington, and more. These investments are driving economic development, expanding housing options, and strengthening the workforce pipeline.
Middlesex 3 is a Strategic Destination for Business – With access to a highly educated talent pool from both Massachusetts and southern New Hampshire, strong infrastructure, and abundant amenities, the region continues to attract companies in R&D, advanced manufacturing, and emerging tech sectors.
Housing Production is Lagging Behind Demand – Despite strong interest from developers, high construction costs, financing challenges, and permitting delays are slowing the pace of housing development. Creative financing tools and public-private partnerships are essential to meet workforce housing needs.
Workplace Trends Are Transforming Real Estate – Hybrid work is here to stay, and companies are rethinking how they use space. To bring employees back to the office, employers are investing in flexible layouts, upgraded amenities, and thoughtful design that prioritizes comfort and collaboration.
The Market is Pivoting Toward New Uses – As demand for life sciences space declines, the region is seeing increased interest in R&D, clean tech, and light manufacturing. Adaptable, power-capable buildings are in high demand, especially as companies seek more affordable options outside urban cores.
Thank you to our keynote speaker:
Navjeet Bal, President & CEO, MassDevelopment
Thank you to our panelists:
Scott Weiss, Vice President at The Gutierrez Company
Crosby Nordblom, Executive Vice President, Nordblom
Geetha Rao Ramani, Vice President Business Development (North Region), MassDevelopment
Collin Reik, Director of Investments at Rhino Capital Advisors LLC
Michael Chase, Managing Director at Northmarq
Marvin Lahoud, Partner at TOCCI
Thank you to our series moderator:
Demetrius Spaneas, President at Land and Sea Real Estate
Thank you to The Gutierrez Company for hosting this event!