News: Owners Developers & Managers

Tognacci of Phoenix Commercial handles Advocates' $849,000 sale

Advocates Inc., one of the largest social service agencies in the state, has sold its building at 23-27 Hollis St., also known as the Beaumont Building. The two-story office building, containing 12,000 s/f plus a full basement, had served as Advocates' headquarters and clinical operations for nearly the last 15 years. The agency had moved is corporate offices to One Clarks Hill here in 205 and recently relocated its clinical operations to Chestnut Place at 354 Waverly St. David Tognacci of Phoenix Commercial Real Estate LLC represented the seller in the $849,000 transaction. The buyer, Yi Wang, was represented by Michael Seadia of Investment Property Specialists.
MORE FROM Owners Developers & Managers

Heritage Properties celebrates preleasing of The Emery in Lowell

Lowell, MA According to Heritage Properties, The Emery – its newest multifamily community in downtown – is officially open for preleasing. Located at 218 Middlesex St., The Emery is at the corner of Middlesex and Pearl Sts. in the city’s JAM (Jackson/Appleton/Middlesex) urban renewal neighborhood zone.
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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
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
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,
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