2015 Annual Review responses by Dennis Serpone of The National Restaurant Exchange
Dennis Serpone, New England Restaurant Brokers
Respondent’s Name: Dennis Serpone
Company: The National Restaurant Exchange and New England Restaurant BrokersWhat was your greatest professional accomplishment in 2015? In addition to closing a record number of restaurant deals, we gave birth to three new divisions: The Hotel Exchange, Business Brokers of New England, and Shopping Centers For Sale.What was your most notable project, deal, or transaction in 2015? In the short time that The Hotel Exchange has been operating as a separate division, we represent the owners of over $12 million of hotel sites and motels. What are your predictions for commercial real estate in 2016? With interest rates so low, with oil below $40 per barrel, with unemployment low by all standards, and with the stock market reaching record highs almost every week, the future appears to generally bright. Historically, the federal government in power manipulates the markets to show the economy in a positive light. The caveat to this is the global financial, political, and military turmoil as it affects our economy. God bless America.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary