News:
Owners Developers & Managers
Posted: May 20, 2022
The Institute for Digital Engineering and Life Sciences purchases the former B&M Baked Beans factory in Portland from B&G Foods
Portland, ME The Institute for Digital Engineering and Life Sciences (IDEALS) has purchased the former B&M Baked Beans factory at 1 Beanpot Circle from B&G Foods. Tony McDonald of The Boulos Company arranged the transaction.
David and Barbara Roux founded IDEALS in 2018 to create a graduate education institute and bring it to the city, where over time it could become a force for innovation and job creation. In 2020, they completed a $100 million donation to Northeastern University to establish the Roux Institute in the city.
?After a four-year search for a permanent home for the Roux Institute at Northeastern University, IDEALS signed an agreement to purchase the B&M site in August 2021, and will lead the zoning, permitting and development effort for the Roux Campus.
The B&M Baked Beans building will remain at the heart of the site and repurposed as an incubator for laboratory and light manufacturing start-up companies.
MORE FROM Owners Developers & Managers
Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus
Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.
.png)
 (1).png)
Columns and Thought Leadership
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,
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
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
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
 (1).png)