Frank Ferruggia speaks during The Rotary Real Estate Roundtable, a three-part series of conversations and discussions among thought leaders in real estate, both commercial and residential. This event focuses on “The Future of the Office Market in a Post Pandemic World,” and takes place at the Weston Golf Club Ballroom, Weston, MA.
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?
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.
Frank Ferruggia 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.
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.