News: Northern New England

Cianbro Cos. names Vigue to board of directors

Peter Vigue, Cianbro's president and chief executive officer, has been appointed chairman of the board of directors for The Cianbro Companies. Andi Vigue has been appointed president and chief operating officer of Cianbro Corp. Cianbro is an employee-owned company with gross annual sales in excess of $425 million. Cianbro operates in approximately 15 states with regional offices in Baltimore; Bloomfield, Conn.; and, Portland and Pittsfield, ME. Cianbro remains headquartered in Pittsfield, where it was founded in 1949 by Cianchette brothers Carl, Ken, Bud, and Chuck. Today, Cianbro operations encompass a family of companies including its East Coast construction organization; fabrication & coatings facilities in Pittsfield and Baltimore; and new eastern manufacturing facility in Brewer, among other operations. Ival Cianchette, Cianbro's outgoing chairman of the board, will now serve as chairman emeritus. He and his brother Ken remain active members of Cianbro's board of directors. Older brother Carl passed away in 1997 and younger brother Chuck died in 2000. Cianbro is one of the East Coast's largest civil and heavy industrial construction, and construction services, companies.
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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