News: Owners Developers & Managers

Spencer of Cummings Props. leases 8,000 s/f to Parlance at 400 West

Parlance is relocating its corporate headquarters from Medford to 8,000 s/f at 400 West Cummings Park, under a new, six-year lease. For the last decade, Parlance has leased space from Cummings Properties at 200 Boston Ave., Medford. The locally owned telecommunications company required a significant expansion. "Parlance was searching for a fresh look, affordable rates, convenient amenities and our continued customer service," said Tony Spencer, a Cummings Props.' leasing/property manager, "In fact, all of the construction and design were handled by our in-house services." Spencer represented Cummings Props. Parlance was represented by Joseph Maxwell, chief operating officer at Parlance, and Connie Yuen, chief financial officer. 400 West Cummings Park is a 180,000 s/f office building almost abutting I-93 and 95 (128) off Washington St. It has a Starbucks, FedEx Kinko's and two banks with numerous retail shops, medical facilities and business service firms, as well as MBTA express bus service.
MORE FROM Owners Developers & Managers

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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