News: Construction Design & Engineering

ABC Mass. chapter hires Rich as director of workforce development

ABC's Mass. chapter has hired former Mass. director of apprentice training John Rich to the newly created position of director of workforce development, standards and compliance. Rich, who is known for his expertise and commitment to construction training and fair labor practices, will promote workforce development and open shop contractors' role in the construction industry. He will also monitor union compliance with all applicable laws and regulations and work to ensure member compliance. "We are thrilled to have Rich join the ABC staff in this important new senior position. Rich's credentials in the industry and in government are outstanding, and he will be a valuable resource in promoting and advancing the workforce development agenda of ABC and assisting members with compliance, particularly in the apprentice training area," said ABCMA president Greg Beeman. Rich will monitor union compliance with rules that have largely been put in place for their benefit and at their urging. He will investigate violations and forward the information to appropriate enforcement agencies. In this new political environment in which union attacks will only intensify, it is imperative to fight back.
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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