Name: Michael Grunberg
Title: Principal and Managing Member
Company: Grunberg Realty; Somerset Energy Refining LLC
Location: 280 Trumbull St., Hartford, Conn. 06103 and 928 Broadway, New York, N.Y. 10010; 600 Monticello St., Somerset, KY 42501
Birthplace: Caracas, Venezuela
Family: Proud father of four beautiful children: Skyler, 13; Allegra, 19; Tatiana, 19; Zachary, 19; and a dog, Hero, 8.
College: Vassar College
First job unrelated to current field: At the age of 16 I was a freelance photographer for several politicians in Manhattan.
First job in real estate or allied field: I worked one summer for Douglas Elliman Gibbons and Ives in NYC in their Collections Dept.
What your firm does now its plans for the future: We own and manage a variety of real estate investments from Scottsdale to Hartford and NYC in between. I hope to expand in the near future when more buying opportunities become available due to the downturn in the markets.
Hobbies: Collecting watches, cars, boating, travel
Favorite book: "Of Mice and Men" by John Steinbeck - Short and sweet!
Person you most emulate (outside of family): A humble but polished man I worked for at Merrill Lynch named Larry Bidermann, who although I was a 21 year old nobody at the time, treated me like a "prince amongst men."
Keys to success: Consistency, tenacity and the tenant is almost always right..
If you had to choose another vocation what would it be? Architect
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