News: Green Buildings

Bluestone Energy's lighting project helps 495 Business Center reduce its carbon footprint

Bluestone Energy Services, LLC lighting project for the 495 Business Center will provide an 800,000 kWh reduction in annual electrical consumption - exceeding original savings estimates. Working with the property's management company, Genesis Management Group, Bluestone Energy designed and implemented a lighting retrofit for the entire 495 Business Center facility, securing a $58,900 incentive from National Grid. The project has a one-year ROI and the facility's annual energy bill will be reduced by $94,000. "Not only did Bluestone Energy provide us with significant energy savings and allow us to reduce our carbon footprint, they also completed the job within four weeks, ensuring that we met a critical deadline to qualify for the utility incentive," said David Ridge, property manager, 495 Business Center. "We look forward to partnering with Bluestone Energy on many more energy-efficiency and sustainability projects in the future." "We are thrilled with the results and significant energy savings from this project," said Gabriel Andreson, director of lighting services at Bluestone Energy. "This project accomplished substantial success in three major areas: cutting energy costs, earning a substantial utility incentive grant and reducing environmental impact." The 495 Business Center, formerly belonging to Wang Laboratories, is a 722,000 s/f facility is owned by Texas-based Capital Commercial Investments, Inc.
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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