News: Owners Developers & Managers

JLL's Ostop, McMahon, Schless and O'Neil complete two leases

Jones Lang LaSalle Inc. has completed two lease transactions for a combined 3,280 s/f of first class medical office space at The Rutherford of Blue Back Sq. The 128,000 s/f medical office building in Blue Back Sq. is part of the 600,000 s/f mixed-use development owned by Blue Back Square, LLC. Jacobs Sodipo and OBGYN Associates are both new tenants to the building leasing 1,900 and 1,380 s/f, respectively. Jones Lang LaSalle associates Christopher Ostop, senior vice president; Shawn McMahon, senior vice president; Gary Schless, vice president; and Sean O'Neil, assistant vice president represented the owner and tenants in both transactions. The Rutherford is a four-story, class A medical office building located at 65 Memorial Rd. with access to I-84.
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WinnCompanies acquires 290-unit housing property - begins $41.5 million rehabilitation

Chicopee, MA WinnCompanies has acquired a 290-unit affordable housing property in western Massachusetts in a deal that renews the community’s expiring affordability protections and kicks off a $41.5 million rehabilitation to address significant deferred maintenance.
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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
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