News: Owners Developers & Managers

Nohrden of Burgess Properties leases 29,000 s/f to Boda Borg in Malden

Burgess Properties Inc. has leased 29,000 s/f of retail space to Swedish virtual reality gaming operator, Boda Borg, at 86-90 Pleasant St. With seven locations already throughout Europe, a $3 million transformation of the Pleasant St. property will mark Boda Borg's first opening in the U.S. Boda Borg patrons participate in a series of "Quests", or live puzzle-solving adventures, that vary in difficulty and style - from mental challenges to difficult physical adventures, spanning multiple floors of territory. The concept is intended to appeal to families, students, adults, and companies conducting team-building exercises. Boda Borg Boston is targeting a June 2015 opening. 86-90 Pleasant St. was the longtime home of Sparks Departments Store, that went out of business in 2014. Boda Borg joins a large group of new restaurants and innovative businesses that have breathed new life into downtown. Steve Nohrden of Burgess Propes. was the sole broker.
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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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