News: Spotlights

2022 Ones to Watch: Joseph DeSalvo, Senior Associate at Horvath & Tremblay

What does it take to succeed in your specific industry? I think patience is very important. When starting out, I was searching for success through instant gratification and was at times frustrated when deals were not materializing right away. This humbled me quickly and I learned soon after that this wasn’t something that happened overnight. In order to realize success, I would need to have a long-term outlook when building my pipeline of potential business. Once the ball gets rolling, you’ll gain confidence through these positive (and negative) experiences and reap the benefits of your hard work.

What led you to your current profession? I always knew I wanted to be in a customer-facing sales role but wasn’t exactly sure what field was right for me. After graduating from University of New Hampshire, I ended up taking a position as a leasing agent with a residential apartment firm in Boston, working with college students and young professionals. From there, my interest in real estate took off and I aspired to join an investment sales team. When I had the chance to join Horvath & Tremblay, I jumped at the opportunity and haven’t looked back.

What are the top 3 items on your bucket list?

  1. Travel to 25 different countries
  2. Go to Beerfest in Germany
  3. Attend a baseball game at every MLB park

What are you doing when you aren’t working? In the winter, skiing with family/friends. In the summer, sitting on the beach.

 

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Columns and Thought Leadership
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