News: Owners Developers & Managers

Pressley Associates starts final phase at Point State Park's fountain plaza

According to Pressley Associates, a landscape architecture and urban design firm based in Cambridge, Mass., Point State Park's fountain plaza broke ground in late November 2011. This is the final phase of the 37-acre park's rehabilitation to make it 100% universally accessible and more convenient to Pittsburgh's urban center while respecting the historic integrity of this national historic site. Pressley, which began work on the park more than 10 years ago, will be rehabilitating the signature fountain's central plaza, which acts as a welcoming public gathering space paved in 30,000 s/f of bluestone and reclaimed limestone cobbles. The fountain, with a central jet reaching up to 200 ft., will be made less susceptible to flood damage and more operational at fuller capacity. Located at Pittsburgh's tip, where the Allegheny and Monongahela Rivers join to form the Ohio River, Point State Park marks the foundations of Fort Pitt (1784) and Fort Duquesne (1754), the site of a pivotal battle in the French and Indian War.
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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
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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

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

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

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