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Owners Developers & Managers
Posted: December 1, 2023
Gatti and Papazian of Greater Boston Commercial Properties broker $6 million sale
Westborough, MA Benjamin Gatti and Nishan Papazian of Greater Boston Commercial Properties, Inc. represented the seller in the sale of 34,500 s/f at 180 Turnpike Rd. This stand-alone flex building is situated on 7.27 acres on Rte. 9. The sale price of $6 million represents a cost per s/f of $174, although the buyer’s intention is to demolish the building and redevelop the site.
TTHY Westborough LLC’s acquisition was contingent on permitting a new Hyundai automotive dealership including a showroom, sales and financing offices, and customer lounge. The first level will have a service drive-in, advisors, and automotive service shop. The second and third levels will be unenclosed parking garages with car displays.
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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
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
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
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
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