News: Owners Developers & Managers

Alvarado and Parsons of Parsons Commercial Group, Inc. handle 6,198 s/f in leases at 40 Nagog Park

Marci Alvarado, vice president and Jake Parsons, vice president at Parsons Commercial Group, Inc. completed two lease transactions at 40 Nagog Park, which is owned by Key Alliance, LLC. Perillon Software leased 3,300 s/f of office space to accommodate their expansion. Perillon Software serves the enterprise sustainability management market according to their website. Brainloop, Inc. also leased office space at 40 Nagog Park taking over 2,898 s/f. Brainloop is a German based secure file sharing and syncing company. They were represented by John Caroll III and Kevin Brawley of Colliers International. "Marci and Jake definitely did a great job and we're fortunate to have found them to represent us in leasing this space," said Ajay Kapur of Key Alliance. Parsons provides commercial real estate services including, tenant/landlord representation, investment sales, property and asset management, development and construction management, advisory and distressed asset advisory services.
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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Columns and Thought Leadership
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains