News: Owners Developers & Managers

Hennessey and Lombardi of GVA Williams leases 19,437 s/f for Nokia; CB Richard Ellis reps. landlord

John Hennessey and Stephen Lombardi of GVA Williams represented Nokia, Inc., the mobile advertising firm, in their recent 19,437 s/f lease at 31 St. James Ave. in Boston's Back Bay. The five-year lease will increase their presence in the building; from the 9,581 s/f that Enpocket, who Nokia acquired in September of 2007, already occupies, to a total of 29,018 s/f. The landlord, Capital Properties, was represented by Tim Lyne and Peter Conlin of CB Richard Ellis. Nokia, Inc., chose the space at 31 St., James Ave., also known as the Park Sq. Building, as it provides proximity to public transportation, the amenities of the Back Bay, and the accessibility to their client base. The 11-story, 500,000 s/f Park Sq. was renovated and modernized in 1991. Nokia will be moving into the space in November.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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,
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
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
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