50 year anniversary question and answer Brian Gallagher
Name: Brian Gallagher
Title: Director of Business Development
Company: Sullivan Construction, Inc.
Years with Company: Two years
Years in real estate industry: 27 years
Address: 258 South River Road, Bedford, NH 03885
Telephone: 603-647-1777
Email: bgallagher@sullivanconstruction.com
Website: www.sullivanconstruction.com
What year did you discover the New England Real Estate Journal and what business were you doing at that time? My initial discovery of the New England Real Estate Journal was in the early 1980s as I entered the industry. I was with a small brokerage firm in Lowell and had a requirement for my father's company seeking a larger facility (with rail siding). We had just begun a subscription to the Journal and in the classified section was a building in Medford that fit the bill perfectly. The company ended up leasing the building and I subsequently became friends with the cooperating broker and eventually worked with him at a larger firm in Boston. The NEREJ was the catalyst for my career in a way!
How long have you been affiliated with the commercial real estate industry? For approximately 27 years. I began my career as a commercial broker in Massachusetts and quickly was attracted to the design/build construction industry, working at The Stone Company in Wayland. Since then I have continued to have a passion for the commercial real estate & construction industry and have had the pleasure of working with many great people on numerous exciting projects over the years, while establishing some wonderful friendships.
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