News: Owners Developers & Managers

Urstadt Biddle Properties receives Gold Award from DPUC for the retrofit of parking garage lighting at Ridgeway Shopping Center

According to Urstadt Biddle Properties Inc., the Connecticut State Department of Utility Control (DPUC) in conjunction with the Department of Environmental Protection presented a Gold Award to Urstadt Biddle. Donna Borchers and Heidi Bramante accepted the award on behalf of Urstadt Biddle as part of the 6th Annual Summer Savers Award at The State Capitol in Hartford. Urstadt Biddle was selected to receive the Gold Award as a result of a project to retrofit the parking garage lighting at Ridgeway Shopping Center in Stamford, which reduced the energy consumption at the facility by over 25%. The Connecticut Summer Savers Awards Program recognizes efforts to save energy, contribute to electric reliability, and preserve Connecticut's environment by recognizing facilities that reduce energy consumption by a minimum of 5% from the previous two years without the use of high-emission back-up diesel generators. Urstadt Biddle's participation in this program has helped the state to enhance the reliability of its electric system while reducing poor air quality and saving energy and reducing peak electricity demand and CO² emissions.
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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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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
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
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