News: Green Buildings

Boston Properties' 2.6m s/f Prudential Tower earns Energy Star rating

Boston Properties, Inc., a real estate investment trust, said that The Prudential Tower is one of nine Boston Properties buildings in the region that have earned the Energy Star Award over the last 12 months. The Tower's recent designation means that 100% of the 2.6 million square feet of office space at Prudential Center is now Energy Star labeled. Boston Properties now has well over 3.8 million s/f of Energy Star labeled office space in the state, making it the largest owner of such real estate in New England. "Achieving Energy Star at The Prudential Tower recognizes this building in the top 25% of facilities nationwide for energy performance. Constructing and operating energy efficient buildings is a key component of Boston Properties' ongoing sustainability strategy," said Bryan Koop, SVP and regional manager for the Boston Properties Boston portfolio. Earning the Energy Star Award acknowledges The Prudential Tower and the team that supported it for months of energy studies, program implementation and monitoring. "The Energy Star designation is a reflection of the energy efficiency and focus on sustainable operations in the Tower. We take particular pride in demonstrating that an office tower built in 1965 can still be maintained and operated to a standard that is top tier in energy performance relative to its more recently constructed peers in Boston. We have always been focused on energy efficiency," said Peter See, SVP of Property Management at Boston Properties. Additional Boston Properties buildings in the Boston region that have achieved the Energy Star Award in the past 12 months: 111 Huntington, 33 Hayden Ave., Lexington, 101 Huntington, 420 Bedford St., Lexington, 201 Jones Rd., Waltham, 91 Hartwell Ave, Lexington, 195 West St., Waltham, 20 Mall Rd, Burlington.
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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