News: Connecticut

BOMA Int'l. commemorates 40 years of Earth Day

In honor of the 40th anniversary of Earth Day on April 22, the Building Owners and Managers Association (BOMA) International released a list of 40 earth-friendly tips to help commercial real estate professionals optimize building performance. From recycling to energy management to sustainable landscaping, these tips provide low-cost solutions to green buildings and reduce operating costs. "BOMA has a long-standing commitment to helping building owners and managers reduce energy use and implement environmentally-sound operational practices," said BOMA International chair James Peck, RPA, FMA, senior director of asset services, CB Richard Ellis. "These 40 tips will help commercial real estate professionals maximize energy efficiency, green their building operations and do right by the environment in a way that positively affects the bottom line." Here are just ten of the 40 green tips that BOMA encouraged building owners and operators to adopt on Earth Day and every day: 1. Benchmark energy consumption through Energy Star Portfolio Manager 2. Install occupancy sensors 3. Landscape with perennial plants 4. Harvest rainwater for landscaping 5. Use recycled material in restroom paper products 6. Work with vendors who have recycling programs 7. Include sustainability tips in monthly newsletters 8. Install bicycle racks in the garage 9. Ensure that your janitorial service uses green cleaning products 10. Develop a preventative IAQ management program BOMA's green platform includes initiatives like the 7-Point Challenge Market Transformation Plan, educational programming like the BOMA Energy Efficiency Program and the Sustainable Operations Series, the industry's first green lease guide, and the groundbreaking BOMA Energy Performance Contract model, which allows building owners to perform major energy retrofits to existing buildings by removing key barriers. BOMA is a four-time Energy Star award winner and in 2009 received the U.S. Environmental Protection Agency's highest honor, the Climate Protection Award.
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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