News: Owners Developers & Managers

Tom Brady and Gisele Bundchen's Beacon St. home sells for $9.2m

NFL quarterback Tom Brady and his supermodel wife Gisele Bundchen have finally sold their home, but they finally relented and accepted $9.2 million, an offer $1.7 million below their original 2009 asking price of $10.9 million. Since they've been happily ensconced in their $20 million, 22,000 s/f mansion in Los Angeles for some months now, as lovely as it is, the Boston property was probably beginning to feel like a huge weight on their shoulders, growing heavier and heavier with each passing year it sat on the market with no takers. Even though the Boston home's 3 bedrooms and 3 baths don't hold a match to their current 8 bedroom extravaganza, it's still an exquisite property located on famed Beacon St. This amazing two-story vintage limestone manse has 3 bedrooms, 3 bathrooms and overlooks the Charles River. The penthouse contains a grand living area on the second floor with 2 fireplaces, a media room, a kitchen practically in the sky, another living room and a landscaped rooftop terrace with an outdoor kitchen and views over the Charles. The master suite comes with his-and-her dressing rooms, a deep soaking hot tub, a steam shower, fireplace and separate vanities.
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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Columns and Thought Leadership
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

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
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
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