News: Construction Design & Engineering

Albanese of Commodore Builders named chairman of Associated General Contractos of Mass.' board of directors

At an AGC of Mass. chapter directors' meeting, Joe Albanese, president of Commodore Builders, took over the chairmanship of AGC of Massachusetts' board of directors. He talked about enhancing the public profile of the association, engaging members and the board in more meaningful ways including a call for stronger legislative and labor action, and developing a closer working relationship with allied associations toward bettering the business climate for all construction in the Commonwealth. A major goal for his term will be to develop avenues to advance diversity within the construction environment in Mass. Joining Albanese as officers for the next two years will be vice chairman Paul Hewins, who is executive vice president/general manager, Skanska USA Building's New England region, and treasurer, Steve Avery, chief financial officer for Dimeo Construction. Remaining board members represent 13 additional construction firms who together with the officers perform most of the commercial and institutional building that is taking place in the Commonwealth and throughout New England. AGC of Massachusetts will celebrate 80 years of serving the building industry in Mass. in 2015.
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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