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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Elm Grove Companies breaks ground on $20 million - The Rapids On Cocheco

Rochester, NH Real estate development firm, Elm Grove Companies, has started construction of The Rapids On Cocheco, an approved 52-unit workforce housing community at 29 Wadleigh Rd. This will be the company’s ninth venture in the affordable housing arena with other affordable properties in the state totaling 430 apartments
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IREM President’s Message: Fostering community connections during the holiday season

IREM President’s Message: Fostering community connections during the holiday season

The holidays are again taking center stage, and with them comes an opportunity for multifamily communities to connect with the businesses and organizations in their cities and towns, fostering a sense of unity and generosity during this giving season
Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

Recently passed legislation creates opportunities to meet CT’s changing energy needs - by Klein and Feinn

For decades, New England has had a summer-peaking power system, where the greatest energy use occurs on the hottest and most humid days, due to widespread use of air conditioning. But by the mid-2030s, electrification of the heating sector likely will result in a winter peak that’s higher than the summer peak.
Selecting the right façade installation firm - by Steven Powell

Selecting the right façade installation firm - by Steven Powell

As the owner of a major new property being developed, or an existing large building preparing for major renovation, you want your design and construction team to have the right experience, capabilities, and expertise to match the project demands. A critical member of this team will be the façade installation specialty firm, since the quality of this installation will impact