50 year anniversary question and answer Dennis Serpone
Name: Dennis Serpone
Title: President
Company: New England Restaurant Brokers
Years with Company: 33
Years in Real Estate Industry: 33
Address: 580 Salem St., Suite 32, Wakefield, MA 01880
Telephone: 617 721-9655
Email: dserpone@comcast.net
Website: nerestaurantbrokers.com
What year did you discover the New England Real Estate Journal and what business were you doing at that time? In 1980, I started my company New England Restaurant Brokers. At that time the traditional ways to market a listing were by direct mail or classified ads in newspapers. Usually it was the business opportunity section of the Boston Globe. Back then there were hundreds and hundreds of ads, with at least half of them being hospitality listings. Fortunately, somewhere along the way, I became aware of the New England Real Estate Journal. Subsequently, I realized I could reach a stronger, more professional audience with them, complimenting my other advertising. I was hooked. I've been a happy and loyal customer for 33 years.
In what way has the New England Real Estate Journal been a benefit to you and your business? The New England Real Estate Journal has earned the distinction of being the most prominent commercial resource in our region. By advertising with them, I have reached real estate and financial professionals that I may never have connected with otherwise. Congratulations on your first 50 years.
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