Category: Massachusetts

Foxborough, MA Thomas Sweeney, SIOR, of Sweeney Real Estate & Appraisal represented the receiver for Foxhill Management Corp. in the sale of a 11,800 s/f industrial building located at 15 Perry Dr. in Foxhill Industrial Park on 1.45 acres.

GDP looks like a full three for Q3. Actual Q3, 2.8 q/q, good enough. And inflation at two for the 12 months of the most recent period based on Personal Expenditures Consumer Price Index. With expected unemployment of 4.1% for October, employment has so many points of light, it’s bright. Actual unemployment from DOL?

Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units

Malls are back - and good retail is upward bound. Just a few years ago they were called dinosaurs and obsolete without much of a future. The weak malls have vanished, but those in class A locations are making a comeback. Repositioned with a relevant mix of uses with stunning architecture and new stores, these reborn malls have savvy retailers standing in line for space. 

Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.

New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.

Lexington, MA After completing the campus center addition project, Cotting School invited both Erland and ARC/Architectural Resources Cambridge back to campus to renovate 33,600 s/f of space within their existing academic building.

Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.

Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.

Right now retail is not first and foremost on most of our minds, that is, unless you are in the retail business. Yet, the retail scene goes on and there are, as usual, some interesting happenings to report.

Who is your mentor and how did he influence/help you in your career? My mentor is entrepreneurial and mechanical mastermind Bob Neilan. His belief in me

Planning and updating your commercial property or your downtown is timely. We are in a stable economy and in spite of Amazon’s Treasure Trucks and the growth of e-commerce, the majority of shoppers prefer to shop in physical stores.