2015 Annual Review responses by Michael Giuttari of MG Commercial Real Estate

MG Commercial Real Estate" width="180" height="250" /> Mike Giuttari, MG Commercial Real Estate

Respondent’s Name: Michael Giuttari Company: MG Commercial Real Estate What was your greatest professional accomplishment in 2015? We made 2015 the best year that the company has ever had. More space sold and leased, more income than any prior year, more deals completed than any prior year, ranked #1 firm for 2014. What was your most notable project, deal, or transaction in 2015? Most of our deals are the “bread and butter”, owner / user type deals whether they are industrial, office or retail. One I recall, which turned into more than expected, was the sale of two of our larger industrial listings within the same transaction. We sold 15 Wellington Rd. (150,000 s/f) to a user and concurrently sold 275 Ferris Ave. (303,000 s/f) to the seller of 15 Wellington Rd. for essentially a 453,000 s/f / $8 million transaction. What are your predictions for commercial real estate in 2016? 2016 will continue to be strong, for the RI market, as 2015 was. The limiting factor on what happens in 2016 in this market will be our lack of available inventory.

Tags: Owners Developers & Managers

Reprint

Previous Story Next Story

Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus

Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.

Mayor Smiley, Providence City Council advance $8.8 million federal housing and community investment package

BOMA Boston Update - Summer fun! BOMA fishing and golf tournaments, and a boat cruise all scheduled

BOMA Boston Update - Summer fun! BOMA fishing and golf tournaments, and boat cruise

IFMA Boston out and about!

What’s next for the Corporate Transparency Act? Key SCOTUS and Congressional Developments, H.R. 425

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Turner Group’s Vaccaro passes Professional Engineer exam

Columns and Thought Leadership

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant