News: Owners Developers & Managers

Acella Construction Corp. chosen as construction manager for $8 million Island Terrace Nursing Home renovation

Acella Construction Corp., a construction management firm serving the region for more than a decade, has been named construction manager (design-build) for the renovation of and addition to the Island Terrace Nursing Home, located at 57 Long Point Rd. Site work on the $8 million project began last month, and is expected to be completed in July 2015. Included in the scope of this project is installation of a new wastewater treatment system and storm water management system. According to Acella senior project manager Ryan Klebes, the design-build documentation for the project is already 50% complete. Acella brought on Mehdi Khosrovani of NEMD Architects (Providence, R.I.) as the architect for the project. Kevin Klein of Fay, Spofford & Thorndike (Plymouth, Mass.) is the civil engineer that designed the wastewater treatment system. Island Terrace is a family-owned and operated skilled nursing home, providing 24-hour care for people who can no longer live at home or independently, and who require 24-hour nursing care every day. The Tolles Family owns and operates Island Terrace, and resides on the property. Dave Dirubbo, president of Acella said, "We are glad to work with Island Terrace Nursing Home on this upgrade to their facility. We understand the requirements of healthcare facility building, and we are happy to lend our expertise and partner with them on this exciting endeavor." Founded in 2003, Acella is a construction management firm specializing in full service turn-key construction, design-build and pre-construction services for the commercial, institutional and educational sectors. A partial client list includes Boston University, Bentley University, Boston College, MIT, Campus of Caring in Norwell, Regus Business Centers in Quincy, Provincetown Art Association and Museum, Not Your Average Joe's, and Friendship Home.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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