News: Owners Developers & Managers

Governor Patrick reappointes Nahigian to the MassDOT Real Estate Appraisal Board

Governor Deval Patrick has reappointed Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co, to the MassDOT Real Estate Appraisal Review Board. Gov. Patrick along with Lt. Gov. Murray stated in a letter his thanks to Nahigian for having served on this Board over the last few years and his commitment to continue serving the Commonwealth. Nahigian has been on the Appraisal Review Board since 2004. The Appraisal Review Board offers final recommendations on property valuation taken by eminent domain on behalf of MassDot for public use. Rob has served on many cases including properties at the Cape Cod Bridge, the Rte. 2 corridor, Fenway Park area and Martha's Vineyard. Gov. Patrick stated that Nahigians experience and sound judgment will contribute substantially to the Board. Nahigian has been serving as a highest and best use expert on the board and with commercial/industrial real estate expertise.
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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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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