News: Owners Developers & Managers

Abbot Building Restoration restores six-story commercial building in downtown Boston

Abbot Building Restoration recently completed a major masonry restoration project on a 6-story commercial building at 87 Summer St., located at the corner of Summer and Kingston Sts. in downtown. The project consisted of repairs and preventive maintenance to the mansard roof located on the top floor of the building and to the marble building façade. As the building recently began to show evidence of water damage, the owner retained the architectural engineering firm of Desman Associates to perform an investigation of the top floor mansard. It was found that the detailed metal around all the dormer windows between the marble sections had deteriorated causing water penetration into the interior of building. To restore the mansard, Abbot was contracted to replace all of the metal and to install new fabricated metal to match original shapes of the dormers. Abbot also coated the metal to match the original color, and repair and waterproof the gutter system around the perimeter of top floor. In addition, Abbot partially repointed the marble facade on the entire building, and repaired cracks to the marble as specified on the project plans. Abbot provides a broad range of masonry construction services to clients, including condos, property management entities, and private residences. The firm also acts as a general contractor for a variety of masonry building construction projects.
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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