Name: James Cavallaro
Title: Vice President Commercial Real Estate Lending
Company: Newport Federal Savings Bank, a division of Savings Institute Bank and Trust.
Location: Newport RI
Place of birth: Providence RI
Family: Wife is Carla Cavallaro; two sons, Michael and Christopher.
College: Providence College
First job unrelated to your current field: Salesperson at Chess King clothing store, Lincoln Mall.
First job in current field: Credit analyst at Fleet Bank Providence RI
What your firm does now and its plans for the future? Provide banking services such as commercial lending, which enrich the lives of individuals and businesses within the communities we serve while sustaining financial stability and optimizing shareholder value.
Hobbies: Skiing, basketball, watching my boys participate in any sport.
Favorite novel: "The Count of Monte Cristo" by Alexandre Dumas
Favorite film: "Jaws" and/or "The Godfather"
Keys to success: Perseverance, experience, passion
Person(s) you most admire (outside of family) Mahatma Ghandi
If you had to choose a different profession, what would it be? Running a not-for-profit agency to benefit a good cause.
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