News: Owners Developers & Managers

Parsons Commercial Group, Inc. completes 22,605 s/f, $1.5 million renovation for the new Advocates Life Skills and Learning Center

Parsons Commercial Group, Inc. recently completed a 22,605 s/f, $1.5 million renovation for the new Advocates Life Skills and Learning Center. The site is located at 290 Eliot St. and was previously used as a warehouse. The newly renovated center features spacious activity rooms, an outdoor patio and garden area, a training kitchen, retail training center, laundry room, mailroom, and the Doug Flutie Jr. Fitness Center. The renovations allow Advocates to offer a broad range of learning opportunities for adults with disabilities so that they can enjoy active, productive, and fulfilling lives in the community. Parsons is a commercial real estate firm servicing the suburban Boston markets. The company is a leading provider of commercial real estate services including, tenant and landlord representation, investment sales, property and asset management, development and construction management, advisory and distressed asset advisory services. With a portfolio of over 2 million s/f, Parsons is one of the largest owners of real estate within the suburban Boston market.
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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
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

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
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
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