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The RMR Group Inc. Named to Boston Business Journal’s 2021 Middle Market Leaders Ranking
February 11, 2021 GMT
NEWTON, Mass. (BUSINESS WIRE) Feb 11, 2021
The RMR Group Inc. (Nasdaq: RMR) placed among the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2021 Middle Market Leaders ranking. With total revenues of $589.5 million for Fiscal 2020, RMR ranked 29th among middle market companies in Massachusetts.
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This is the second consecutive year that RMR is appearing on the BBJ’s Middle Market Leaders list, which ranks publicly traded and private companies with revenues of between $25 million and $1 billion by two-year revenue growth. RMR earned the top ranking on the BBJ’s 2020 list.
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The RMR Group Inc. (Nasdaq: RMR) placed among the fastest growing middle market companies in Massachusetts by the Boston Business Journal (BBJ) in its 2021 Middle Market Leaders ranking. With total revenues of $589.5 million for Fiscal 2020, RMR ranked 29th among middle market companies in Massachusetts.
This is the second consecutive year that RMR is appearing on the BBJ’s Middle Market Leaders list, which ranks publicly traded and private companies with revenues of between $25 million and $1 billion by two-year revenue growth. RMR earned the top ranking on the BBJ’s 2020 list.
Adam Portnoy, President & CEO, made the following statement:
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SL Green’s Marc Holliday with One Vanderbilt and Riverside Investment’s John O’Donnell with 110 North Wacker (Photos via SL Green, Riverside)
UPDATED, Feb. 5 2021, 4:00 p.m.: The office market took a beating in 2020, with completed developments down 14 percent from 2019 levels. But with construction delays easing, the outlook for 2021 is less bleak.
Just 81.5 million square feet of delivered office developments were completed in 2020, Commercial Property Executive reported. The top 10 completed projects accounted for 13.4 percent of new office construction, and includes projects in Manhattan, Chicago and Seattle as well as tertiary markets like Buffalo, New York.
In September 2020, SL Green and Hines completed the long-awaited skyscraper One Vanderbilt in Manhattan with $3.3 billion in financing from Wells Fargo. The 77-story building was 70 percent leased at completion, with TD Bank and the Carlyle Group among its tenants.
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