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The Massachusetts Bay Transportation Authority (MBTA) has hired Janelle Chan as real estate manager, the agency announced Monday. In the role, Chan will seek to maximize the MBTA's real estate interests in support of transit-oriented development (TOD), MBTA officials said in a press release. Since 2010, Chan served as executive director of Boston's Asian Community Development Corp., where she helped reduce costs and increase annual revenue."[Chan's] knowledge of the region and experience with large real estate projects will enhance the MBTA's efforts to optimize the revenue potential of our properties and work with local municipalities and property owners to assure efficient infrastructure investments, coordinate land usage, and enhance economic development," said MBTA General Manager Brian Shortsleeve.The MBTA's real estate department oversees the agency's real estate holdings and manages its office and warehouse spaces. The department works with the Massachusetts Executive Office of Energy and Environmental Affairs to identify and realize opportunities for TOD on surplus MBTA land and air rights, agency officials said.
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