Name: George Vernet
Title: Principal
Company: Vernet Properties
Location: Salem, Mass.
Place of birth: Melrose, Mass.
Family: Wife, Ann; daughters, Victoria and Jessica
College: University of Southern Maine
First job unrelated to your current field: Caddy
First job in current field: Commercial real estate broker with Carlson Commercial Real Estate in Salem
What your firm does now and its plans for the future? More redevelopment and development of retail and office. Currently working on 3 projects that were all purchased in 2011.
Hobbies: Golfing, skiing and boating
Favorite Book: "Decision Points" by George W. Bush
Favorite film(s): "The Godfather", "Platoon" and "My Cousin Vinny"
Keys to success: Honesty, hard work and following up
Person you most admire (outside of family): John Adams
If you had to choose a different profession, what would it be? Professional golfer
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