News: Northern New England

Bergeron elected to MEREDA board of directors

Mark Bergeron, P.E. has been elected to the Maine Real Estate & Development Association (MEREDA) board of directors. Bergeron has nearly 20 years of civil engineering experience on a wide variety of construction management and design projects.  Bergeron provides his clients with creative, cost-effective solutions tailored to their specific needs.  For the past nine years, Bergeron has been a project engineer and project manager on small, medium, and large residential, educational, industrial, and commercial design projects. Bergeron has experience in Maine, California, and Massachusetts, including design work on the Big Dig in Boston. Bergeron has been on MEREDA's legislative committee since 2006. According to Shelly Clark, business & operations manager of MEREDA, "Mark has been an invaluable resource to MEREDA by being an active volunteer on its legislative affairs committee. He brings with him a wealth of knowledge and expertise and we look forward to his participation now at the board level". Founded in 1985, MEREDA is a group of commercial real estate owners, and developers whose mission is to promote an environment for responsible development and ownership of real estate in Maine.
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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