News: Owners Developers & Managers

Abbot Building Restoration restores façade of 3 condo buildings

Abbot recently completed restoration of the façade of three attached brick condominium buildings at 24-38 Summit Ave. When these buildings were converted to condominiums in the 1980s, the Condominium Association installed all new replacement windows at that time. Although the windows are technically the responsibility of the condominium unit owners, when the windows recently began to leak, the Condominium Association agreed to recaulk the windows as a courtesy to the condominium unit owners to minimize water seepage into the interior of the units. The Condominium Association hired the architectural consulting firm of Gorman Richardson Lewis to evaluate the situation and provide specifications for the repairs. Selected as the masonry contractor by the consulting firm, Abbot recaulked the entire front facade of all three buildings according to the architectural specifications to improve the water penetration problem. Abbot Building Restoration Company specializes in repair and maintenance of the building enclosures of aging structures in the greater Boston area. Abbot also provides remedial weatherproofing services to correct construction deficiencies in newer structures.
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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