News: Owners Developers & Managers

Grubb & Ellis handles 54,000 s/f in leases for Newton Wellesley Executive Office Park LLC

According to Grubb & Ellis Company, more than 54,000 s/f of space has been leased at Newton Wellesley Executive Office Park. The landlord, Newton Wellesley Executive Office Park LLC, hired Grubb & Ellis as leasing agent for the four-building campus in November 2010. "Grubb & Ellis has done an impressive job of attracting a cross-section of companies to the property in a challenging economic market," said Douglas Waybright, president of Nelson Cos. "The leasing success at the office park to date validates our goal of creating the best possible working environment for our customers by offering unsurpassed management and amenities." Newton Wellesley Executive Office Park is a 129,000 s/f, four-building office park located off Rte. 128 near the Mass. Tpke. The office park offers tenants access to downtown Boston and nearby amenities, including restaurants, cafés, banking and golf courses, as well as views of the Charles River. There is currently space remaining available for lease at 40 Walnut St,, which is a four-story, 32,758 s/f office building. The 40 Walnut St. property is currently undergoing a complete lobby and common area renovation.
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Crescent Village Shopping Center trades to new owner for $1.75 million

Monroe, CT Crescent Village Shopping Center located at 115 Main St. has been sold to new owners. The multi-building retail center sold for $1.75 million or just under $142.00 per ft. The three buildings total 12,340 s/f on 1.54 acres
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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