News: Owners Developers & Managers

Dill of Cresa Providence represents Aflac in a 2,750 s/f office lease at 110 Jefferson Boulevard

Kenneth Dill of Cresa Providence recently represented Aflac, a worldwide insurance agency, in a 2,750 s/f office lease at 110 Jefferson Blvd. Previously located at 200 Centerville Rd., Aflac moved its regional office into the single-story, 20,000 s/f standalone building this month. The favorable rent, improved visibility, larger space, ample parking, compliance with Aflac requirements, proximity to I-95, and a flexible landlord were all factors that attracted Aflac to the new location. The landlord was represented by Celeste Marcellino of Coast Realty Associates. "It became clear that we needed an objective tenant advocate to help us expand into the right space," said William Kirk, regional sales coordinator of Aflac. "Cresa helped us streamline the process and find a perfect new location for our Rhode Island office." Cresa LLC, one of the nation's largest corporate real estate advisory firms exclusively representing tenants, is headquartered in Boston.
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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
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
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

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