News: Construction Design & Engineering

ASM members focused on getting back to work safely - by Michael McDonagh

Michael McDonagh

Over four months have passed since the start the COVID-19 pandemic. So much has changed in all aspects of life. The construction industry is certainly no exception. As we often cite, subcontractors make up approximately 85-90% of the skilled labor on any given construction worksite. Since the beginning of the pandemic, many ASM members were deemed to be essential workers and kept working, and adjusting, throughout the various levels of the shutdown. These jobs primarily included housing and public construction, such as schools and other state or municipal facilities. Many other ASM Members were at a near complete shutdown for weeks until the state and municipalities permitted work to restart in May. It was a challenging four months for all subcontractors - whether working at full capacity or waiting to get back to work.  PPP and PPE were the focus of most discussions. Everyone investigated whether to apply for a PPP loan and after donating PPE to hospitals and first responders, many construction companies struggled getting enough mask and gloves on time for the reopening.

Michael McDonagh is the CEO of of the Associated Subcontractors of Mass., Boston.

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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

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