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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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