News: Spotlights

2022 Ones to Watch: John Ciluzzi, President at Premier Commercial

What recent project, transaction or accomplishment are you most proud of? The sale of Jams of Truro, a gourmet village grocery store in a mixed-use building located in Truro and The Wagner, a 27-unit inn, with two restaurants situated on over five acres. I had previously sold both sites in 2017 and both buyers retained my firm to market and sell their assets, the ultimate compliment!

What does it take to succeed in your specific industry? Show up, work, continuously follow up with clients and customers, and meet as many people as you can everyday. Be relentless.

What led you to your current profession? I was touring hotels as a buyer, a young buyer, around 25 and I asked the broker for a job. He gave me a desk and phone book and I started dialing for dollars, hitting the streets and meeting as many people as possible that I could every week. I loved the field immediately and enjoyed many mentors that worked along my side to bring me along as a broker and young businessperson in the community. Its an effort I’ve taken up to bring young talent into the business either in my firm or others.

What are you doing when you aren’t working? With family, skiing, fishing, biking

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Spotlights

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!
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Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Risk-based capital requirements: Impact of rules on commercial real estate loans - by Michael Chase

Two popular sources of commercial real estate financing are banks and insurance companies. According to the Mortgage Bankers Association, banks and insurance companies combined hold 54% of the nearly $4.7 trillion in outstanding commercial mortgages as of the end of 2023. Both of these lender groups are subject to regulations
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
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!
CRE market continues to navigate and adjust - by Kristie Russell

CRE market continues to navigate and adjust - by Kristie Russell

The New Hampshire commercial real estate landscape has experienced notable fluctuations in recent years. Within the office sector, there has been a consistent uptick in available space since 2020, attributed to a wave of companies downsizing or closing their New Hampshire operations. However,