News: Spotlights

2022 Ones to Watch: Jeffrey Charnel, Vice President Commercial Lending at North Easton Savings Bank

What recent project, transaction or accomplishment are you most proud of? A recent transaction that makes me most proud is our investment into the downtown area of the city of Brockton. We funded the city’s first market-rate construction project which includes a 44 luxury-unit apartment building located at 47 West Elm St. This beautiful building has a sleek multi-tone panel exterior, parking garage, technological highlights including electronic keys, 40 cameras covering common areas as well as outside, elevators and a package delivery system with parcel lockers. Growing up in Brockton, it made me very proud to be a part of this project as there’s nothing quite like it in the city. In general, our bank is partnering with Brockton area developers to provide significant commercial investments in the city’s future.

What does it take to succeed in your specific industry? You have to actually care about the outcome, the long-term local impact of a project not just the immediate financial returns. I’ve dedicated myself to becoming a true partner, a piece of the fabric of the community, so I’m able to innately understand what’s happening locally and how we can help. Our approach is to listen, offer advice, and overall build long-term mutually beneficial relationships. We believe that when our local partners succeed, everyone in the community wins. Success in this industry also requires you to be highly motivated, eager to continue learning and open to changes by adjusting and adapting to the market as well as client needs.

What are the top 3 items on your bucket list?

  1. Go to a Superbowl
  2. visit Asia
  3. Ring the bell on Wall Street!

What are you doing when you aren’t working? Spending quality time with family and friends or traveling to different countries when my schedule permits

 

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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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