News: Front Section

Cannon Design of Boston celebrates opening of recreation center at the University of Maine in Orono; seeking LEED silver cert.

Cannon Design's Boston office celebrates the opening of the new recreation center at the University of Maine. The recreation center, designed in the Boston office of global architecture and engineering firm Cannon Design, opened with much fanfare and excitement. Design and construction team members along with students, faculty and administrators celebrated the completed building at a dedication ceremony hosted by the University of Maine. "This beautiful new student recreation center has transformed our community," said Univ. of ME president Robert Kennedy. "Upon its opening this fall, it has immediately become a cornerstone of campus life, providing a wonderful space for recreation and socialization." The new 88,000 s/f recreation center was one of the largest building project ever undertaken at the University of Maine. The facility features a three-court gymnasium, fitness center, walking/jogging track, multiple activity court, racquetball courts, and support spaces. The contemporary building fits seamlessly into its wooded site and 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 and provides users with views to the 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 the natural setting. The recreation center has become a hub of healthy, productive campus activity for students, faculty and staff and community members. Jeff Hunt, director of campus recreation, calls the recreation and fitness center "an overwhelming success" with more than 100,000 visits in less than three months.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,