News: Appraisal & Consulting

Tom Andolfo President Rhode Island Chapter Appraisal Institute

Name: Tom Andolfo Title: President, Rhode Island Chapter Appraisal Institute Company: Andolfo Appraisal Institute Location: 216 Weybosset St., Providence, R.I. Birthplace and year: Providence, 1950 College: College of the Holy Cross, Worcester, Mass., BA, Psychology First job outside of real estate: Providence Community & Economic Dev. Commission First job in real estate or allied field: Henry W. Cooke. Co., mngr. appraisal dept. What do you do now and what are you planning for the future? Increase number of design members and increase membership overall. Increase networking opportunities with different appraisers and assessors, bankers, attorneys. Hobbies: Walking, reading, baseball, golf, travel Person you admire: former presidents Harry Truman and Ronald Reagan Keys to success: Difficult appraisal assignments should not be viewed with pessimism. Rather, they should be seen as optimism, opportunities to learn and grow. If you were forced to choose another vocation what would it be? Commercial real estate development and rehabilitaion.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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