News:
Owners Developers & Managers
Posted: March 13, 2020
Jacobs of NAI Glickman Kovago & Jacobs handle $1.58 million sale
Worcester, MA NAI Glickman Kovago & Jacobs’ principal, Michael Jacobs facilitated the $1.58 million sale of 31-35 Park Ave. Jacobs represented the seller, T.B.R, Inc. (formerly Toomey Rents/Sells, Inc.). The buyer is 35 Park Avenue, LLC, whose current principal place of business is located at 19 Glennie St.
The property, which includes a 16,442 s/f building on 0.86 acre, will be redeveloped into a new retail strip with expanded parking.
Existing tenant, New England Roast Beef, will stay in place long term within the new development.
MORE FROM Owners Developers & Managers
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
.png)
Quick Hits
Columns and Thought Leadership
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
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
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)