News: Owners Developers & Managers

Carucci of Gibson Sotheby brokers $5.85m sale of 195-207 Hildreth

Michael Carucci, executive vice president of Gibson Sotheby's International Realty, brokers the sale of 195-207 Hildreth for $5.85 million. 195-207 Hildreth or Parkside Village is a 99-unit affordable housing community. Located in a quiet neighborhood, this eight building complex consists of 1 studio, 13 one-bed, 86 two-bed units, and 96 parking spaces on 2.43 acres. The property is in exceptional condition and is a remarkable investment opportunity. Carucci represented the buyer and the seller in the transaction. For more than 20 years, Carucci has been one of the most trusted names in the Boston real estate market. Carucci is consistently ranked in the top one percent in real estate sales volume for the Greater Boston area. He was ranked 8th for Boston sales in 2014, and is currently listed as 5th with nearly $25 million in sales for the first quarter of 2015. Carucci was also ranked in the top 20 among all agents in Massachusetts sales last year with more than $70 million. Carucci's client list includes the Boston Red Sox, Taurus Investments, Fidelity Investments, Bain & Company, Winn Development, The Mt. Vernon Companies, The Boston Celtics, Massachusetts General Hospital, Centremark Properties, The Boston Bruins, Beth Israel Hospital, and Area9.
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The Westin Portland Harborview to host exclusive VIP pop-up with The Woods Maine July 24–26

Portland, ME The Westin Portland Harborview will introduce an exclusive, limited-time pop-up shop with The Woods Maine, taking place July 24–26 in the city’s Arts District. This elevated retail experience brings The Woods Maine, the acclaimed Maine lifestyle brand behind the popular retail shop in Norway, Maine, directly to hotel guests and the local community.
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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

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
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
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