2023 Year in Review: Dennis Serpone, The National Restaurant Exchange

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Having been a restaurant broker for almost 44 years, I’ve built strong relationships/friendships with some wonderful professionals. One of these friends, a very prominent hotel broker, referred me to a restaurateur in North Conway

2023 Year in Review: Dennis Kulesza, Metro. Restoration & Waterproofing Corp.

What emerging trends will drive investment and development in 2024? There is an ever-critical need and trend for owners and facility managers to preserve their most important physical asset, the building structure. This is best achieved through a proactive, well-planned building envelope inspection program

2023 Year in Review: William Low Jr. President L&P Commercial

What person, project, transaction, or market trend had the greatest impact on your industry this year? It was definitely interest rates. Investment properties analyzed in the summer of 2022 and put on the market in September were already overpriced as rates went to 6% that fall.

2023 Year in Review: Marty Pomeroy, Bernkopf

What person, project, transaction, or market trend had the greatest impact on your industry this year? In 2023, my greatest achievement was teaching Modern Real Estate Transactions at New England School of Law, where I shared practical insights into commercial real estate law with upper-class students

2023 Year in Review: Benjamin Rosen, The Norfolk Companies

What market trend has had the greatest impact on your industry this year? We closely follow the financial markets, because it is essential to have a good grasp on the course of the Fed’s monetary policy decisions and the reasoning behind them.

2023 Year in Review: Eric Schultheis, Sweeney Real Estate & Appraisal

What person, project, transaction, or market trend had the greatest impact on your industry this year? Rising interest rates have had the greatest impact on the commercial real estate industry over the past year. Owners don’t want to sell at lower prices and investors are shying away due to increased lending cost.

2023 Year in Review: Wayne Jalbert, PLS, Hancock Survey Associates, Inc.

What person, project, transaction, or market trend had the greatest impact on your industry this year? The greatest market trend that drove our business this year was actually a combination of rising interest rates, stabilization of inflation and federal infusion of capital into infrastructure.

2023 Year in Review: Jay Maschmeier, Tecta America NE and WeatherGuard

What person, project, transaction, or market trend had the greatest impact on your industry this year? The market trend that has had the biggest impact on our industry this year is the ongoing challenge to find skilled labor to perform the work.

2023 Year in Review: Dennis Swart, DJSA Architects

What person, project, transaction, or market trend had the greatest impact on your industry this year? Over the past twelve months, the multi-family market has remained quite strong. We still see solid activity in this market moving into next year.

2023 Year in Review: James Rizzo, Rockland Trust Bank

What was your greatest professional accomplishment or most notable project, deal, or transaction in 2023? Through our internal credit-training program, we have promoted five portfolio managers across our footprint to commercial bankers. Two other commercial bankers have also been newly promoted to regional executives.