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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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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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
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
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