News: Owners Developers & Managers

Galaxy Development acquires former Grossman's Bargain Outlet property - plans to transform into 2 retail units

Galaxy Development has acquired the former Grossman's Bargain Outlet property at the intersection of Blandin and Beaver Sts. The project has been fully permitted for a new 20,000 s/f two tenant retail building. A lease has been executed with Dollar Tree for half of the space. Dollar Tree was represented by John Wise and John Phelan of SRA represented Galaxy. The building was designed by Allevato Architects. Civil engineering and site design was done by Patrick Doherty of Midpoint Engineering and traffic engineering was done by Ali Khorasani of AK Associates. Legal representation for the permitting process was done by attorney Brian Levey of Beveridge & Diamond. Attorney Larry Brodeur of Fletcher Tilton in Worcester represented Galaxy for the purchase. Grossman's was represented by Tom Hornstein of the Horn Companies in Syracuse, New York. Construction will commence immediately and the new tenants will be open for business this fall.
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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
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
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
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