News: Owners Developers & Managers

Vesper Realty handles $4.5m sale for Charlestown Maritime Center, LLC

Recently, Charlestown Maritime Center's 9 acre, water front site at 200 Terminal St., was sold by United States Gypsum (USG) for $4.5 million to Charlestown Maritime Center, LLC. Phillip Moses, Benjamin Sutton and Brett Wagner of Vesper Realty Advisors represented the Charlestown Maritime Center, LLC in the $4.5 million sale of this 9 acre deep water site. Equis represented USG in their 221,000 s/f disposition at 200 Terminal St. The property is one of the city's largest remaining, privately held, harbor-front parcels. Owned by USG since 1928, the 200 Terminal St. facility is over 300,000 s/f on 9 acres of land. Located less than 400 yards from the Charlestown Navy Yard, USG's deep-water port abuts the Mystic Tobin Bridge, and over 70 acres of Massport land. Charlestown Maritime Center, LLC is an affiliate of the Suffolk Companies.
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Rubin Rudman to establish headquarters at Tishman Speyer’s One Federal St.

Boston, MA Tishman Speyer has secured a new headquarters lease with Rubin Rudman at One Federal St., its 38-story, 1.1 million s/f tower in the Financial District. Under a 15-year lease, Rubin Rudman’s new headquarters will span 57,844 s/f across One Federal’s entire 23rd and 24th floors and a portion of the 25th floor.
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Columns and Thought Leadership
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
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
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