News: Owners Developers & Managers

McKinnon of Grossman arranges 1,584 s/f lease at Munroe Place

With the recent lease of 1,584 s/f to Scottrade, Inc. the Retail Shops at The Residences at Munroe Place are 100% occupied. This is the first time the five retail units have been fully leased. Representing the landlord, Munroe Place LLC, in lease negotiations was Richard McKinnon, director of brokerage services for The Grossman Companies, Inc. Peter Montisanto of The Dartmouth Group represented Scottrade. Other retail tenants at The Residences at Munroe Place are Starbucks, Citi Financial, T Mobile and Market USA. The shops are on the street level of a 111-unit luxury apartment building adjacent to the MBTA's Quincy Center Red Line and Commuter Rail station. The Residences are in the city's historic downtown and within walking distance of over 600,000 s/f of office space. Scottrade offers a full line of investment products, online trading platforms and market research tools to help investors take control of their financial future. The Grossman Companies, Inc., offers a full range of brokerage services, with a focus on sales and leasing of commercial property throughout New England. Contact Richard McKinnon at 617-472-2000; richmck @grossmanco.com. Website: www.grossmanco.com. - By Stanley Hurwitz stanhurw@comcast.net Munroe_Scottrade_0810.doc smh 8/10
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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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Columns and Thought Leadership
Building decarbonization in Mass. - by Scott Howe

Building decarbonization in Mass. - by Scott Howe

As emission reduction mandates gain traction in Massachusetts, commercial building owners face growing pressure to adopt sustainable practices. With the implementation of stretch energy codes and net zero opt-in energy codes in communities throughout the state, decarbonization is becoming mandatory in many places. While a path to compliance may seem daunting and expensive, it also presents an opportunity for proactive businesses to gain a competitive advantage and save money.
Capitalizing on next-gen electric vehicle  charging in New York/New England real estate - by Hooman Shahidi

Capitalizing on next-gen electric vehicle charging in New York/New England real estate - by Hooman Shahidi

For property owners and developers, tenant experience is everything. This means top-notch building amenities and technology integrations that match their lifestyle. As the electric vehicle (EV) industry grows, EV charging is at the top of their list of amenities.
You can’t manage  what you don’t measure - by Jay O'Connor

You can’t manage what you don’t measure - by Jay O'Connor

Reasons to submeter electrical and HVAC Loads At standalone and multi-unit properties. As a property owner or manager, we all should understand the importance of managing costs, promoting conservation efforts, and maintaining compliance with regulations. Submetering is a powerful tool that can help you achieve these goals and more.

Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

Brownfield redevelopment: Sometimes it’s not just about economic development - by George Naslas

The redevelopment of brownfield sites is often associated with the revitalization of a property to bring it back into productive use, generate local tax revenue, and increase local employment. Redevelopment can also be part of a green or open space development, such as a riverwalk, park, or rail trail.