News: Owners Developers & Managers

Taurus and DivcoWest buy 300 - 400 Riverpark

Taurus Investment Holdings and DivcoWest completed the purchase of 300 and 400 Riverpark Dr. The properties were purchased from Teradyne, Inc. and were acquired by a joint venture affiliate of Taurus Inv. and DivcoWest. The transaction was handled by David Pergola Sr. and Mark Reardon of CB Richard Ellis. Both 300 and 400 Riverpark Drive are part of Riverpark Office Park. There are a total of seven buildings in Riverpark that include Teradyne's corporate headquarters.   "The purchase of these assets continues to evidence our commitment to the Greater Boston market and we're very pleased to partner with DivcoWest on this transaction," said Peter Merrigan, President and CEO of Taurus Investment Holdings. "This is DivcoWest's sixth acquisition in the Boston area and we continue to believe there will be more opportunities to grow our portfolio in the New England market," commented Stuart Shiff, President of DivcoWest.
MORE FROM Owners Developers & Managers

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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

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