News: Owners Developers & Managers

Ross and McDonough of Cresa Boston represents American Heart Association in 10,751 s/f lease

David Ross and Shawn McDonough of Cresa Boston, along with Jane Roundell of Cresa's New York office, recently represented the American Heart Association (AHA) in an office lease relocation at 300 Fifth Ave. AHA is moving to a 155,699 s/f building where it will occupy 10,751 s/f on part of the sixth floor in one of three office buildings in the Prospect Hill Office park. The site will serve as the organization's northeast regional office. According to Ross, AHA, which owned and occupied space at 20 Speen St. in Framingham before selling the building, chose the new location given its proximity to Boston and accessibility to donors. AHA plans to be moved in by December. The landlord, DivcoWest, was represented by Mark Roth of Cushman & Wakefield.
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WinnCompanies acquires 290-unit housing property - begins $41.5 million rehabilitation

Chicopee, MA WinnCompanies has acquired a 290-unit affordable housing property in western Massachusetts in a deal that renews the community’s expiring affordability protections and kicks off a $41.5 million rehabilitation to address significant deferred maintenance.
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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

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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
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