Name: Tom Cafarella, CPA
Title: Acquisitions & Capital
Company: Ocean City Development
Location: Wakefield, MA
Birthplace: Revere, MA
Family: Wife, Diana & 3 month old daughter, Kate
Education: University of MA Boston
First job outside of real estate: Central Cycle: bicycle assembly
First job in real estate or allied field : 8 years as real estate agent
What do you do now and what are you planning for the future? We buy, renovate, and resell single family properties in Massachusetts
How do you unwind from a busy day in real estate? I work 24/7 so whenever I get some time I enjoy relaxing and spending it with my family.
Favorite book or author: "Rich Dad Poor Dad by Robert Kiyosaki
Favorite movie: The series of Rocky movies
Last song you downloaded? Metallica
One word to describe your work environment: Busy
Rules to live by in business: Hard work and help others achieve their goals and that will help you to achieve yours.
If you could invite one person to dinner (living or dead) who would it be and where would you go? My Grandfather so he could see what we have accomplished.
What is your dream job? I have my dream job in real estate its what I enjoy
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in