News: Owners Developers & Managers

Abbot Building Restoration restores masonry on Harbor Loft Apartments

Harbor Loft Apartments is an 8-story brick high-rise building located at the corner of Washington and Broad St. in downtown. When the building was converted to public housing back in the 1960's, Abbot Building Restoration became involved with some minor repairs at that time. Coincidentally, Abbot has come full circle some 50 years later, and was recently contracted by the current building owner to perform maintenance on Washington St. elevation that was experiencing severe water penetration around the windows and masonry. The contract called for Abbot to cut out and repoint the masonry on the top five floors where the most severe water damage had occurred. Also, as a previous contractor has resealed the windows improperly, Abbot removed the defective sealant around multiple joints on each window - metal to masonry, metal-to-metal, and metal to glass - and removed the entire remaining residue. Abbot then resealed the affected locations with a high-grade polyurethane sealant to match the original color around the exterior of the windows. Finally, Abbot applied a clear, water repellant coating to help protect the masonry surfaces. The project was performed in conjunction with architectural consultant, Brian Pfeiffer, and the Essex National Heritage Commission. 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