News: Rhode Island

Bacher named VP of Gilbane Building

Gilbane Building Company has named Lawrence Bacher vice president. He is a senior project executive and principal of the higher education center of excellence. In this role, he is responsible to ensure operational excellence across the market and promote exchange of knowledge and skills between all regional and district offices. Bacher joined Gilbane in 1977 and has 30 years of management construction experience. He has served as chief estimator, project executive, value engineering director, design phase manager, program management director, and estimating executive. Some of the projects he has been involved in include the University of R.I. Ryan Center & Boss Arena, Dunkin Donuts Center, Orlando International Airport, Alpha Beta Technology Betafectin Manufacturing Facility, Pfizer Inc. Building 118, Genentech, Inc. Biopharmaceutical Manufacturing campus, R.I. Hospital Hasbro Children's Hospital and St. Francis Hospital & Medical Center Cancer Center. Bacher graduated from Rensselaer Polytechnic Institute with a bachelor of arts in architecture and a bachelor of science in building sciences. He is a LEED accredited professional and is a member of the Society for College and University Planning, Society of American Value Engineers and Construction Management Assn. of America.
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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