News: Retail

Centerplan Dev. Co. names Lombardi VP of design and construction

To help support its continuing growth and maintain its position as one of Connecticut's emerging real estate developers, Centerplan Development Company has named Michael Lombardi, P.E. to serve as the company's vice-president of design and construction. "One of the keys to Centerplan's success is assembling a team of experienced, talented and dedicated staff who understands every facet of the planning and design of commercial construction," said Robert Landino, Centerplan's president and founder. "With his extensive background in real estate development, and expertise in planning, design, and construction, Michael Lombardi will be a major asset to our team." Prior to joining Centerplan Development Co., Lombardi was a principal and director of marketing and business development at BL Companies, a multi-discipline A/E/E firm with seven regional offices in Northeast and Mid-Atlantic United States. Lombardi has more than 14 years of civil engineering experience on a wide variety of commercial and residential projects, and responsibilities include serving as a project manager for many years. In this role Lombardi was responsible for oversight of all facets of multiple multi-million dollar architectural and engineering accounts which scope of services encompassed architecture, site engineering and site due diligence.
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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