News: Northern New England

Cannon Design completes 88,0000 s/f UMaine rec center

Cannon Design's Boston office designed the new recreation center at the University of Maine. Design and construction team members along with students, faculty and administrators celebrated the completed building at a recent dedication ceremony. The 88,000 s/f recreation center was the largest building project ever undertaken at UMaine. The facility features a three-court gymnasium, fitness center, natatorium (with swimming pool and sauna), walking/jogging track, Multiple Activity Court (MAC) court, racquetball (convertible to squash) courts, and support spaces. The contemporary building incorporates sustainable building materials and systems, including heat-recovery systems and recyclable materials. The university is seeking LEED Silver certification for the project Extensive use of glass on the south façade presents views of the activities within and provides users with views out to the scenic campus. The building's exterior material palette of copper panels, field stone, glass walls, and architectural precast concrete panels harmonizes with the natural setting. Inside, exposed wood structure, wood paneling, and light filled spaces reinforces and connects with the natural setting. According to Peter Hourihan, principal at Cannon Design, "We are proud to have partnered with Oest Associates, Pizzagalli Construction Company, and the UMaine campus community to create such an exciting, sustainable facility that was delivered on time and on budget."
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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