News: Owners Developers & Managers

Gresh joins Cummings as newly created position of sustainability manager

Cummings Properties has appointed Gary Gresh to the position of sustainability manager. In this newly created position, Gresh will work to expand Cummings Properties' existing energy efficiency programs and help the 40-year-old firm become a more sustainable organization in all aspects of its operations. By identifying and implementing initiatives to reduce energy consumption, Gresh will be responsible for helping Cummings Properties reduce its carbon output and help facilitate the company's emergence as a leader in sustainability among commercial real estate developers in New England Cummings has a history of energy-saving construction and the use of recycled materials in its many properties. The company has earned an "Energy Star" rating for many of its "green" office buildings, and received LEED Gold pre-certification for its new TradeCenter 128 project. Cummings Properties is reportedly one of the first area real estate companies to hire a full-time sustainability manager.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
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
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