News: Owners Developers & Managers

The Dolben Company, Inc. assumes management of Metro at Wilmington Station

The Dolben Company, Inc. has assumed the management of Metro at Wilmington Station. The property was recently acquired by Stockbridge Capital Group, based in San Francisco. Constructed in 2013, Metro at Wilmington Station consists of 108 residential units. Located close to the Wilmington train station, Metro at Wilmington Station offers an ideal location for commuters. The community is smoke-free, and pet-friendly. The amenity package includes a resident lounge with WiFi, state-of-the-art fitness club, dog park, children's play area, outdoor BBQ area, covered parking, private storage, and a resident portal to facilitate online payments and work orders. Spacious floor plans, full-size washers and dryers, granite countertops, oversized patios/ balconies, and abundant closets ensure convenience and comfort for residents. The average one bedroom apartment home at Metro at Wilmington Station is 898 s/f. Thomas Beaton, senior vice president, management, said, "Metro at Wilmington Station's location is outstanding, and the property offers many desirable amenities. This assignment is our first opportunity to provide management services to Stockbridge Capital Group, and we are looking forward to exceeding their expectations." With offices in Mass. and Maryland and more than 12,500 residential units throughout the New England and Mid-Atlantic regions, Dolben is built on a deep heritage of performance and stewardship. Since 1929, four generations of the Dolben family have upheld a proud tradition of unparalleled success and profitability, fulfilling the property and investment needs for a wide array of businesses, financial institutions, organizations and private investors.
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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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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
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