News: Owners Developers & Managers

O'Brien and Gatti of Greater Boston Commercial Properties broker three new leases totaling 7,052 s/f

Bret O'Brien and Benjamin Gatti of Greater Boston Commercial Properties (GBCP) recently brokered three new office leases totaling 7,052 s/f at 65 Boston Post Rd. where they are the exclusive leasing agent. Despite a relatively flat office market along Rte. 495, GBCP has managed to make deals at the Marlborough Executive Park, which is a 52,500 s/f three story office building. All three tenants are direct deals procured by Gatti. Advans IT Services, Inc. has leased 4,216 s/f on the third floor. The building is located on the hillside of Rte. 20 at Rte. 495 exit 24 and the Advans IT space offers views of the area including Mount Wachusett. The landlord, Boston Post Road Building 65, LLC, an affiliate of Rosewood Management Corp., is providing a turnkey build out that will serve the companies needs. The Visiting Nurse Association of New England leased 1,713 s/f of space on the third floor. Northern Benefits leased 1,123 s/f of office space also on the first floor.
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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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Columns and Thought Leadership
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
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

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