News: Front Section

The Grossman Cos. provided time and money to Habitat for Humanity

On November 28th, with warm memories of Thanksgiving still fresh, eleven associates from The Grossman Cos. Inc., traded their pens and computers for shovels and hammers. They were volunteering for a corporate Team Build Day on behalf of South Shore Habitat for Humanity, helping to bring a new home in Braintree closer to completion, installing doors, nailing siding, removing debris. The company has also provided financial support to the organization. Vinnie Myles, volunteer coordinator for South Shore Habitat for Humanity said, "We are only successful because of the devotion of our volunteers and the generosity of local businesses." The non-profit organization, which has built over 40 homes on the South Shore, has selected a deserving family with a worthy housing need who could never afford to buy a house on the conventional market. The house is located at 58 Glenrose Ave. Hopeful homeowners must put in sweat equity as a form of 'down payment on their dream.' They must also be able to repay the mortgage that carries zero percent interest for 20 years. Money from habitat mortgages helps fund additional homes. In all, since 1976 Habitat for Humanity has built over 200,000 homes, providing shelter for over one million people in 100 countries. Company president Louis Grossman who spent the day on the worksite, noted some irony in his participation: "I'm named for my great grandfather who laid the foundation for the family's building materials company in the early 20th century. My earliest memories are running around the lumber yard and visiting home sites." Grossman commercial broker Frank O'Neill said, "It reminded me of the spirit of early America when the community gathered for a house-raising." Anne Stone of the Accounting Team said, "I found it to be a great team-building day as well as being rewarding. We accomplished a lot, but there were lots of laughs, too. None of us should quit our day job." Administrative and Accounting Team member Judy Larkin said, "It was cold, but the atmosphere was warm."  Office manager Lois Nutley added, "I enjoyed learning to measure sheathing, then use a circular saw to cut it to size." Theresa Rouleau of the Accounting Team said, "We worked hard, challenged ourselves trying new tasks, and accomplished a respectable amount of work given our lack of training." Volunteer participants from Grossman included Grossman and associates Ted Arend, Nancy Jackson, Larkin, Lisa Johnson, Karen North, Nutley, O'Neill, Rouleau, Phil Sheridan and Stone.               
MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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.