News: Owners Developers & Managers

Gibbons of ABG Realty completes two sales totalling $9.75 million

ABG Realty recently completed two deals totalling $9.75 million. Bernard Gibbons of ABG Realty represented the buyer, Green Cab Inc. and Paul Dellaney of Grubb and Ellis represented the seller, David Aposhian, in the sale of 600 Windsor Place. The 24,000 s/f industrial facility, located in the Boynton Yards development overlay district, sold for $2.5 million. Green Cab was forced to relocate from it's existing facility on Foley St. in Assembly Sq. to make way for the new IKEA store. Gibbons also represented the seller, Everett Business Center LLC, and Joel Miller of Perishable Management Services represented the buyer, Jetro Cash and Carry Enterprises, in the sale of 5.7 acres in Everett, for $7.25 million. The land sold was the former city of Everett DPW site locates on Rte. 16 Revere Beach Parkway.
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BGO and Seyon complete acquisition of a 134,413 s/f industrial portfolio

Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
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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
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
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