News:
Owners Developers & Managers
Posted: October 10, 2007
Dacruz and Shea of Shea Commercial completes Hobbs $220,000 purchase
Hobbs Sign Co. has purchased an additional 1,830 s/f industrial condominium located at 40 Lowell Rd., Rte. 38 for $220,000.
Owned and operated by Olivier Hobbs and his son, Andrew, Hobbs Signs specializes in commercial signage, sign repair and advertising specialties. The additional space was acquired to accommodate Hobbs Sign Co.'s new truck lettering service. Hobbs Sign Co. is an exclusive provider of Dunkin' Donuts and Rite Aid signs in parts of New England.
The transaction was handled for JJ & H Lowell Rd., LLC and Hobbs Lowell Rd., Unit 8, LLC by Ozzie Dacruz and Harry Shea, Shea Commercial Properties, Inc.
MORE FROM Owners Developers & Managers
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
.png)
Columns and Thought Leadership
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,
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
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
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
 (1).png)