Category: Spotlight Content
Interest rates and inflation - by Matthew Bacon
January 3, 2023
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
2022 Year in Review: Ralph Letner, SVP, Chief Lending Officer at North Easton Savings Bank
December 30, 2022
What 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 & Tremblay
December 30, 2022
What 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 TFMoran
December 30, 2022
What 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 â...
December 30, 2022
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
December 30, 2022
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 Realty
December 30, 2022
What 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
2022 Year in Review: Donald Grebien, City of Pawtucket
December 30, 2022
What emerging trends will drive investment and development in 2023?
In the city of Pawtucket, several of our key education, economic development, and quality of life initiatives are coming to fruition. Pawtucket voters overwhelmingly approved a bond question for the
2022 Year in Review: Arnold Peck, Arnold Peck's Property World
December 30, 2022
What was your most important professional accomplishment or most notable project, deal or transaction in 2022?
2022 made its mark by bringing new life to development projects that stalled out during the 2008 recession. It’s with a sense of real satisfaction to be in a business that is addressing the need of
2022 Year in Review: Andy Roy, Vantage Builders
December 30, 2022
What person, project, transaction or market trend had the greatest impact on your industry this year?
2022 was Vantage Builders’ biggest, and busiest, year since the firm’s founding 22 years ago. From our perspective, the cannabis industry had the biggest impact to our business. The market
2022 Year in Review: Steven King, Quonset Development Corp.
December 30, 2022
What person, project, transaction or market trend had the greatest impact on your industry this year?
In 2022 we saw a continued demand for flexible spaces for growing businesses, including existing Quonset companies and businesses looking to relocate within the Northeast. In 2022 there was 305,000 s/f
2022 Year in Review: Steve Wassersug, Timberline Construction Corp.
December 30, 2022
What person, project, transaction or market trend had the greatest impact on your industry this year?
The supply chain issues were certainly one of the most impactful situations this year for construction. Realizing this was going to be an issue, last year our team perfected our pre-purchasing program,
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