News: Connecticut

100 Mill Plain Rd. wins BOMA's Best Renovated Building of the Year Award

Managed by Albert B. Ashforth, Inc. - Management Services, 100 Mill Plain Rd., an 89,700 s/f building, was recently honored with the Best Renovated Building of the Year Award by Southern Connecticut Chapter of the Building Owner & Managers Association (BOMA). The award is based on the building being at least 15 years old and having maintained occupancy during a renovation process. Some of the renovations at 100 Mill Plain included an overhaul of the building's lobby consisting of new glass, artwork, frame panels, captivated news monitor, lobby seating and a tenant directory. In an effort to contribute to the Ashforth's energy reduction plan to reduce consumption 30% by 2012 for its entire real estate portfolio, the 100 Mill Plain Rd. property adopted a new energy efficiency program through CL&P that includes new efficient light bulbs and an 80-ton McQuay roof top chiller. The renovation project also included HVAC improvements consisting of new heating coils on all three of the building's 80-ton chillers and a new chemical treatment and filtration system for the cooling tower. Since Albert B. Ashforth was awarded the management responsibilities in early August, 2007, renovation and capital improvement projects have been on-going. "Several existing tenants have displayed their satisfaction with the improvements by renewing their leases, confirming our dedication and commitment to continuously improve the properties we manage," said Robert Hartt, executive vice president of Albert B. Ashforth, Inc. - Management Services.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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