A look ahead. Loan originations will remain strong, yet less robust than last year - by Alan DoyleCategorizing last year’s commercial mortgage loan originations as “strong” would qualify as a gross understatement. More appropriate, certainly, would be the term “record setting,” as lenders surpassed their 2021 loan-origination goals by a margin of 25%-50%.
Demand is high and supply remains low - by Julie Freshman, George Paskalis and Mike GiuttariIn 2023, we expect that the supply of industrial buildings and spaces in the Rhode Island market will remain low, with vacancy rates that remain in the 1% to 2% range for “modern” industrial buildings. The demand for industrial space continues to come from the logistics, medical supply, public storage and direct to consumer sectors,
The future of security is here and ever evolving - by Daniel SarnoIn the security industry, change is constant. As threats to safety evolve, so do the strategies and technologies used to combat them. This is especially true when it comes to video surveillance. For years, security guards have been the first line of defense against potential threats.
What role does signage play in opening up your new retail destination - by Richard PoyantSignage plays a key role in showcasing your retail store’s brand image and drawing new customers into your door. It is important to develop a vibrant, fresh, and inviting branding package to let shoppers know you are open for business. Signs can be a major indicator to prospective customers that a new and exciting retail destination is opening in their area.
2022 Year in Review: Ralph Letner, SVP, Chief Lending Officer at North Easton Savings BankWhat was your most important professional accomplishment or most notable project, deal, or transaction in 2022?
I’ve been very active lending in the renewable energy market in the past few years. During 2022 at my prior bank, we were funding the construction of solar projects for a developer under a master
2022 Year in Review: Dennis Kelleher, Executive Vice President at Horvath & TremblayWhat person, project, transaction or market trend had the greatest impact on your industry this year?
The rapid increase in interest rates has had a dramatic impact on our industry. We are seeing less inventory available for sale and downward pressure on pricing due to the higher interest rates. We have
2022 Year in Review: Nicholas Golon, P.E., Principal, Civil Department Manager at TFMoranWhat was your most important professional accomplishment or most notable project, deal, or transaction in 2022?
After over a year and a half to secure permits, the Granite Woods Commerce Center adjacent to exit 11 on I-93 in Hooksett, N.H. broke ground in the fall of 2022. This state-of-the-art 500,000 s/f class A
2022 Year in Review: Parker Snyder, Director of Business Development at ARCO National Construction – N.E.
What was your most important professional accomplishment or most notable project, deal, or transaction in 2022? ARCO’s New England division experienced dramatic growth of 300% in 2022, largely due to the extremely high demand for industrial warehouses and GMP facilities, the majority of which are intended for life science tenants.
2022 Year in Review: Thomas Sweeney, SIOR, Principal at Sweeney Real Estate & Appraisal
What person, project, transaction or market trend had the greatest impact on your industry this year? The biggest impact on our industry this year was the return to office.
2022 Year in Review: Ed Zuker, CEO of Chestnut Hill RealtyWhat was your most important professional accomplishment or most notable project, deal, or transaction in 2022?
The new construction at Hancock Village, adding 211 apartments to our existing 789 townhomes and a 25,000 s/f Community Center