News: Owners Developers & Managers

Avison Young Property Management team awarded 200,000 s/f in contracts

According to Rick Kimball, Avison Young principal and managing director of the company's New England region, the company's New England Property Management team has been retained by Grander Capital Partners to manage over 200,000 s/f combined at 300 Federal St. in Andover and 700 & 900 Technology Dr. in Billerica. "Property Management is extremely important to our overall service delivery platform. We are very pleased to add these assets to our rapidly expanding portfolio. Our experienced staff currently manages over 5 million s/f," said Kimball. 300 Federal St., also known as Woodland Park, is a 120,121 s/f office building located in the Rte. 495 North East/Lawrence/Andover submarket. 700 & 900 Technology Park Dr., situated in a mature park setting, comprise 86,922 s/f of office space. The ownership, Grander Capital, is a full service commercial real estate investment management company, based in Boston. "We retained the Avison Young property management team based on their highly regarded leadership of the team, depth of experience managing this product type and more specifically in this market, as well as their prior effective management record for other Grander Capital properties and those of our affiliated partners," said Ted Norberg of Grander Capital. Avison Young's professional staff provides Property Management Services for over 5 million SF of real estate assets. Their scope of services includes maintenance and repairs, construction supervision, tenant request services, management and administration of vendor contracts, preparation of annual operating plans and budgets, tenant relations, the planning and execution of capital improvements and repairs, cash flow management, and cost savings.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary