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Mike Frisoli Gives Keynote Address at Boston Business Breakfast

Current parents, alumni, parents of alumni, and friends of St. Sebastian's School gathered at the Boston College Club for the 25th annual Boston Business Breakfast on Tuesday, November 22. In front of a packed house, St. Sebastian's Headmaster Bill Burke opened with a few words and said a prayer before Board of Trustees President Jim Elcock '77, P'08 spoke at the podium.

Following breakfast, trustee Mike Frisoli P’17,’19,’21,’22,’26, Vice Chairman at Newmark, delivered the keynote speech on the current state of the commercial real estate market. While the industry has faced many economic headwinds in the past, it is, for the first time, faced with the uncertainty surrounding the prevailing work-from-home corporate culture. While a number of business leaders have “ripped the band aid off” getting workers to return to the office, it has been challenging for many CEO’s. Mr. Frisoli emphasized that studies have pointed out that those companies who returned to the office have shown increases in productivity versus their peers and most importantly, maintained their corporate culture, much the way St. Sebastian’s has emerged from the pandemic even stronger. The coming years will tell the story, but echoing Sam Zell’s comments from a generation ago, Mike shared his goal for the industry: “survive until 2025.”

Thank you, Mr. Frisoli, for sharing your insight and to everyone in our St. Sebastian's family who was able to join us for this annual tradition.