News: Front Section

Advantage Construction completes two projects for New England Precision Grinding and Air Inc.

Advantage Construction's tenant improvement portfolio continues to grow with two more recently completed projects. New England Precision Grinding Inc (NEPG) combined 3 of its locations into a new 98,500 s/f space located at 9 Forge Park. The project consisted of a complete demo of the existing space and interior fit out of 62,300 s/f manufacturing and 36,600 s/f of office space. New mechanical systems including electric power, argon and oxygen piping, compressed air and chilled water were installed in the warehouse. An epoxy floor, painted deck and specialized lighting were added to the manufacturing area and a new roof and new HVAC units were also installed in the building. Advantage worked under an extremely tight schedule to ensure an occupancy date that conformed with the company's ISO certification. NEPG is a producer of fine quality precision wire products and services available for medical science. From stock wire to complex wire components, NEPG makes it possible for medical device manufacturers to deliver more precision instruments. Air Incorporated's new distribution facility is located at 8 Forge Park. Advantage Construction made it possible for the company to expand and upgrade the product lines they offer by fitting out 11,500 s/f of first class ISO manufacturing space and 8,500 s/f of office. The existing space was demolished and epoxy flooring with T5 strip lighting was added as well as a painted deck to enhance foot candle. A large automated storage and retrieval system was installed in the warehouse to ensure accuracy and organization while creating floor space. Completely new tel-data wiring was installed throughout the facility and millwork and new cabinets completed in the office area.
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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