50 year anniversary question and answer Albert Scaralia
Name: Albert Scaralia
Title: Broker/Owner
Company: Albert Realtors
Years with company: 50
Years in real estate industry: 50
Address: 1050 Reservoir Avenue, Cranston, RI 02910
Telephone: 401-944-3377
Email: info@albertrealtors.com
Website: albertrealtors.com
In what way has the New England Real Estate Journal been a benefit to you and your business? I've been in the real estate brokerage business since 1963 (50 years). I feel that the NEREJ is an excellent publication that is geared up to the commercial real estate industry. I also enjoy the editorial by the owner Rolly Hopkins (they make sense).
How long have you been affiliated with the commercial real estate industry? My late brother Ben was the original broker/owner of Albert Realtors commercial division. He was a subscriber of the NEREJ since 1974. When he passed away in 1998, I took over the commercial division. I've continued advertising in the NEREJ because I feel my ads are getting me results. I feel that the advertising fee is minimal when you consider the commission on a commercial sale.
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