News: Construction Design & Engineering

Cannon's University of Maine recreation and fitness center earns AIANE honor

Cannon Design has been honored with a Special Mention for Excellence in Architecture Award from the American Institute of Architects, New England (AIANE) for its work on the student recreation and fitness center at the University of Maine. Cannon Design was selected out of 271 entries for this award. This program recognizes projects designed anywhere in the world by architects who are registered in any of the New England states and whose practice is domiciled in New England. Since its opening, the 88,000 s/f student recreation and fitness center has become a hub of healthy, productive campus activity for students, faculty and staff and community members. The center is a focal point for the campus that embraces sustainability, inventive design and student body well being. "We are thrilled that our project at the University of Maine was given this award for design excellence by the AIANE. Our goal was to help transform the campus in a positive way with the least impact on the environment while enhancing the lives of students, faculty, staff and others," said Colleen McKenna, associate AIA, LEED, AP, associate principal. The student recreation and fitness center is the largest building project ever undertaken at the University of Maine. Granted Leadership in Energy and Environmental Design (LEED) Silver certification, the facility features a three-court gymnasium, fitness center, natatorium (with swimming pool and sauna), walking/jogging track, multiple activity court, racquetball (convertible to squash) courts, and support spaces. The contemporary building fits seamlessly into its heavily wooded site and incorporates sustainable building materials and systems, including heat-recovery systems and recycled materials.
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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