Making your way in the world today
Takes everything you got
Taking a break from all your worries
It sure would help a lot
Wouldn’t you like to get away?
Sometimes you want to go
Where everybody knows your name
And they’re always glad you came …
Dear McCall & Almy Clients, Friends and Family,
For those who don’t remember, that’s the theme song from Cheers (set in Boston), and it was the number one rated television show in 1990. It is also the same year CRE veterans Bill McCall and David Almy launched McCall & Almy. The sentiment of the verses is clear: People want to feel they matter and are going to be taken care of. That’s the primary reason why McCall & Almy was founded – to become a long-term trusted real estate advisor to the firm’s clients, providing the highest level of real estate expertise and experience, and always prioritizing the interest of the client. Since Bill and David opened its doors, McCall & Almy have epitomized the principle that client relationships are far more important than any transaction fee that might be generated by a particular assignment.
In 1990, the United States was entering a recession. Starting a firm during a financial crisis wasn’t ideal. Lenders were “taking back the keys” to a massive portfolio of commercial properties, interest rates were climbing, and yields on commercial properties were under extreme pressure. But for McCall & Almy, it turned out to be perfect timing. Our firm’s first major assignment was to value the commercial real estate on which Bank of Boston held billions of dollars’ worth of non-performing mortgages and to advise the bank on the best course of action for disposition of the assets. The firm’s success with Bank of Boston led to McCall & Almy being hired in a similar capacity by Aetna Life Insurance Company in Hartford, Connecticut, on an even larger non-performing loan portfolio. All the while, Bill and David continued to build trust with clients, one relationship at a time, and grow our firm. In two years, the firm grew from two employees to ten by adding Jim Canfield, Sandy Tierney, David Richardson, and Lenny Owens and widening our focus to the tenant representation and general real estate needs of health care, finance, education, and technology companies.
Fast forward to the present where McCall & Almy has grown to 28 people and grown our business by adding lease administration and project management services. Where pre-COVID-19, Boston was experiencing the biggest building boom in its history. It has been mindboggling to witness the changes in the Boston skyline, from the earliest days of the Big Dig, to the towers in the Back Bay, to a complete reimagining of the Seaport District, transformed from windswept parking lots to a booming tech and life science hub.
Much has changed in the past 30 years, but more importantly, much has stayed the same. While our firm has grown into Boston’s premier independent commercial real estate advisory firm, we still primarily represent space users and institutions, including many of Boston’s largest financial, legal, insurance, technology, education, and healthcare organizations. The number one factor in our continued success is our relationships with people, the people who represent the clients we work with, and the people who work tirelessly at our firm to serve our valued clients. While we enter our fourth decade during the height of a pandemic, we do so with great confidence that we will continue the same personalized service based on the principles on which McCall & Almy was founded.
We want to thank all of our clients, past and present, for putting their trust in McCall & Almy to advise them on their real estate needs, while always challenging us to be better. Our 30 years of success would not have been possible without our clients’ unwavering loyalty and support. Thank you for experiencing this great journey with us. We look forward to continuing it with you.
The McCall & Almy Team
Senior Vice President, Marketing