News: Owners Developers & Managers

Urban Design's Forbes Park has a 50% presale on eco-friendly condos

Despite continued reports of a condominium market in decline, summer sales activity at Forbes Park has told a much different story, proving that sometimes it pays to be different. Beginning in the late spring, the project's developers began offering their waterfront eco-friendly lofts at the former print production factory complex. They have reserved 30 of the for-sale lofts. The success of the pre-construction campaign allowed the project construction lender, Amalgamated Bank of Washington, DC, to release all of the funds required to complete the 64 for-sale lofts in phase one. Urban Design & Development is the designer and developer of the Forbes Park project. The live/work lofts at Forbes are indeed unlike anything currently in the Boston area condominium market. The 18-acre property, located where the Chelsea River meets the Mill Creek, reuses and recycles the former industrial buildings and is carefully designed and built to conserve resources, restore the natural environment and capture the earth's renewable energy. In addition to energy efficient initiatives that include a 600KW on site wind turbine that will supply most of the community's needs, Forbes also features units built almost entirely of durable, natural and renewable materials.
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Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
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Columns and Thought Leadership
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.