News: Financial Digest

Dennis Kelly Chairman Mass. Bankers Association

Name: Dennis Kelly Title: Chairman, Mass. Bankers Association Company: Bristol County Savings Bank Location: 35 Broadway, Taunton, MA 02780 Birthplace and year: Pawtucket, R.I., 1947 Family: Wife, Michelle; two sons College: Providence College, BA in History, Education; Graduate School of Finance (credit toward a degree) First job outside of finance: Taught school, Slater Jr. High School in Pawtucket First job in finance or allied field: Teller at First Bristol County National Bank What do you do now and what are you planning for the future? Oversee staff with regard to the residential financial market and foreclosures; involved with security matters like the security of my information with TJX lawsuit. Hobbies: Time with family, play golf, sports fan, reading. Favorite book: "The History of Presidential Elections" Favorite movie: "Field of Dreams" Person you admire most (outside of real estate): Bob Hallock (former bank president) Keys to success: Never say "no" to a challenge; don't sell yourself short. If you had to choose another vocation what would it be? Teacher.
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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