Name: Tim Burns
Title: Vice President
Company: Savings Institute Bank & Trust
Location: Newport, RI
Place of birth: Newport , RI
Family: Wife Patti; Daughters Mikaela 20, Mollie 18, Malorie 15
College: University of Rhode Island
First job unrelated to your current field: Cook
First job in current field: Property manager
What your firm does now and its plans for the future? Originate commercial loans, manage commercial loan relationships, more of the same for the immediate future.
Hobbies: My wife and kids, travel, rugby, the Red Sox
Favorite novel: "Any Thing" by John Grisham
Favorite film: "Ground Hog Day"
Keys to success: Quality customer service, most importantly being responsive and fair.
Person(s) you most admire (outside of family) Ernie Muccio
If you had to choose a different profession, what would it be? Sportswriter or Sportscaster
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