2015 Annual Review responses by Dennis Serpone of The National Restaurant Exchange

December 25, 2015 - Front Section

Dennis Serpone of New England Restaurant Brokers

Dennis Serpone, New
England Restaurant Brokers

Respondent’s Name: Dennis Serpone Company: The National Restaurant Exchange and New England Restaurant Brokers What was your greatest professional accomplishment in 2015? In addition to closing a record number of restaurant deals, we gave birth to three new divisions: The Hotel Exchange, Business Brokers of New England, and Shopping Centers For Sale. What was your most notable project, deal, or transaction in 2015? In the short time that The Hotel Exchange has been operating as a separate division, we represent the owners of over $12 million of hotel sites and motels. What are your predictions for commercial real estate in 2016? With interest rates so low, with oil below $40 per barrel, with unemployment low by all standards, and with the stock market reaching record highs almost every week, the future appears to generally bright. Historically, the federal government in power manipulates the markets to show the economy in a positive light. The caveat to this is the global financial, political, and military turmoil as it affects our economy. God bless America.