2015 Annual Review responses by Michael Giuttari of MG Commercial Real Estate

December 25, 2015 - Front Section

Mike Giuttari, MG Commercial Real Estate

Respondent’s Name: Michael Giuttari Company: MG Commercial Real Estate What was your greatest professional accomplishment in 2015? We made 2015 the best year that the company has ever had. More space sold and leased, more income than any prior year, more deals completed than any prior year, ranked #1 firm for 2014. What was your most notable project, deal, or transaction in 2015? Most of our deals are the “bread and butter”, owner / user type deals whether they are industrial, office or retail. One I recall, which turned into more than expected, was the sale of two of our larger industrial listings within the same transaction. We sold 15 Wellington Rd. (150,000 s/f) to a user and concurrently sold 275 Ferris Ave. (303,000 s/f) to the seller of 15 Wellington Rd. for essentially a 453,000 s/f / $8 million transaction. What are your predictions for commercial real estate in 2016? 2016 will continue to be strong, for the RI market, as 2015 was. The limiting factor on what happens in 2016 in this market will be our lack of available inventory.