Commercial Real Estate News

BJ’s HQ On The Move

BJ’s Wholesale Club is laying plans to move its corporate headquarters from Natick to the former National Grid campus in Westborough, according to multiple industry sources.

Getting Through The ‘Ugly, Depressing Work’

Robert Keeley has seen this play before. Twenty years ago, when he founded Diversified Project Management, “the economic climate was very similar. Our early clients weren’t relocating. They were downsizing. They were closing a building, and we were going in and moving the 11 people who weren’t laid off, consolidating them into another building, and liquidating the assets of the building. It was kind of ugly, depressing work.” The ugly days are back, but DPM has gritted them out, thanks to a diversified base of project experience, deep client relationships, and a willingness to adapt.

Boston’s Castle Square Gets Deep Energy Retrofit

The Castle Square Apartments in Boston’s South End are cold and drafty. As such, they’re also awfully expensive to maintain. Now the complex’s co-owners, the Winn Companies and the Castle Square Tenants Organization, are embarking on an extensive rehabilitation project to improve the property’s efficiency, slash its operating costs, and, the owners believe, create a model for bringing an urban renewal-era development into the 21st century.

Consigli Wins Statewide Family-Owned Business Award

Consigli Construction Co. Inc. was recently recognized by the Massachusetts Family Business Association as the overall winner in the “large” category in the annual awards campaign honoring area companies for their leadership as family-owned businesses.

HPT Declares 55-Cent Dividend

The board of trustees of Newton REIT Hospitality Properties Trust has declared a regular quarterly dividend of $0.55 on its series B cumulative redeemable preferred shares.

Clearing The Air

It’s hard to beat the ancient Greeks at turning a phase. Hippocrates, the Father of Medicine, once said “Man is an obligate aerobe.” In modern terms, no breath, no life.

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