Dawson named director of asset management at The Grossman Companies, Inc.
The Grossman Companies, Inc. is now pursuing new acquisition opportunities. Paul Dawson has been named director of asset management. In the newly-created position, Dawson brings 25 years of experience, combining his unique experience in real estate asset management, development, and architecture/design to help manage and enhance the value of the company's existing portfolio and execute value-added strategies on future acquisitions.
Dawson is working closely with the company's acquisitions, brokerage and property management teams as well as third-party brokerage firms.
Dawson said, "I am excited to be joining such a well-respected company and hope to help build on that foundation. The Grossman Companies' team consists of top-notch pros led by Louis and his two ambitious sons, David and Jake."
David Grossman said, "Thanks to Jake's diligent efforts since joining us twelve months ago, we now have a robust acquisitions pipeline in place. Paul is well qualified to help us implement our value-added strategy as we pursue and execute on these new acquisitions."
Jake Grossman said, "Having stayed on the sidelines for much of the economic downturn, we are well-capitalized and positioned to acquire value-added opportunities. We have a robust pipeline driven by the flexibility that our platform provides; we are an owner-operator and can be a short-term or long-term buyer; and we also have a willingness to provide joint-venture equity. Paul complements our team and will help create value through thoughtful analysis and creative problem solving, talents he displayed during his tenure with several highly-regarded firms and organizations." He said The Grossman Cos. expects to buy over 500,000 s/f of commercial property by year-end.
Dawson is a Registered Architect in Massachusetts, and is certified by the National Council of Architectural Registration Boards (NCARB).
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 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!
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 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