50 year anniversary question and answer Scott Avedsian
Name: Scottt Avedsian
Title: Mayor
Company: City of Warwick
Years with City: 13
Address: 3275 Post Rd., Warwick, RI 02886
Telephone: 401-738-2000
Website: www.warwickri.gov/ and www.visitwarwickri.com/
In what way has the New England Real Estate Journal been a benefit to you and your business? For many years, the New England Real Estate Journal has afforded the City of Warwick the opportunity to promote the benefits of our community to business owners and developers alike. Through our partnership with NEREJ, the city also has been able to share information about the many positive initiatives, new programs, organizations and events that make our community a wonderful place in which to live and work. The ability to reach a large, regional audience has certainly helped our ongoing efforts to increase and diversify our commercial base over time.
How long have you been affiliated with the commercial real estate industry? As a former city councilman, and in my present role as mayor, I have worked closely with the business community and the real estate industry for close to 25 years. These partnerships have been invaluable in promoting economic development in Warwick.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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