News: Construction Design & Engineering

Callahan and Northbridge Cos.break ground on 36,000 s/f

Callahan, Inc. and Northbridge Companies recently held a groundbreaking ceremony for the new $6.9 million Avita Memory Care Center. In attendance were: Northbridge Cos., owner; Waypoint, owner's rep; Callahan executives and staff, construction manager; and Needham Bank executives. This project will be a 36,000 s/f, two story wood frame structure consisting of 62 units intended for the constant care of patients with memory issues. The building is on a 4 acre parcel in Needham. It includes a commercial kitchen, a "brain gym," a beauty salon and an assembly room. Callahan is self performing all sitework on the project. The development has been underway since March and will be completed in March of 2011. The architect on this project is The Architectural Team.
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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