News: Owners Developers & Managers

Condyne executes 15,631 s/f in leases renewals; Nelson of Newmark Knight Frank assists with 13,231 s/f lease

Condyne has executed two lease renewals at 10 Commerce Way in the Norton Commerce Center. Set on 123 acres of land, Norton Commerce Center currently consists of three flex buildings totaling 172,530 s/f. The campus is master planned for an additional 471,760 s/f of future development for office, flex and industrial space. Measurement Computing, a leader in low priced data acquisition and control, provides customers with PC-based data acquisition hardware and software that will save time and save money, renewed their 13,231 s/f lease for an additional six years. Drew Nelson of Newmark Knight Frank represented the tenant in the deal that will commence in May of 2011. Outlaw Audio, a Norton Commerce Center tenant since 2004 has also recently renewed their lease. The consumer electronics company signed a three year renewal for the 2,400 s/f they currently occupy 10 Commerce Way. The landlord has agreed to renovate both the men's and women's restrooms. This renovation will consist of all new fixtures, lighting, floors, ceilings, countertops, vanities and paper and soap dispensers. Outlaw Audio designs and manufactures its own brand of high performance audio/video components for a much lower price than competing products. Norton Commerce Center is currently 95%.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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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

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
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,
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