News: Construction Design & Engineering

A time to celebrate the new, the renewed, the reinvented

We take our cue from the season - spring, finally in full bloom - and we celebrate new beginnings all around us, at ASM and among our members. At ASM we are proud of our new Young Professionals Group, formed to foster camaraderie and professional growth in our next generation of industry and association leaders. We invite any employee of an ASM member company 21 - 39 to join the YP Group, and take part in their educational or social events. After a very successful first event in March, the group is now planning a sunset cruise kick off the summer season. See more details below. As the year progresses, many of our members have completed impressive new projects; while others have assumed new leadership positions; or spearheaded major charity initiatives. And still others have entered into unique joint ventures or merged to form formidable alliances. You can read more on ASM member achievements in the pages of our magazine, posted on our home page. Through it all, there is one constant: subcontractors in Massachusetts aren't standing still; they're adapting to change in a variety of ways as they demonstrate their professionalism, leadership, and flexibility to meet industry demands. As our members change and adapt, so too does ASM, as we do our utmost to educate subcontractors on the latest trends, techniques and tools, and help them thrive in a rapidly changing landscape. Visit our website for the latest information on ASM's educational opportunities. Richard Fisher is the president of Associated Subcontractos of Mass. and Red Wing Const., Beverly, Mass.
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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