News: Green Buildings

Cleaner energy and climate scorecard

A hallmark of the Patrick Administration has been its emphasis on reducing greenhouse gas (GHG) emissions and incentivizing renewable energy. Although these policies have been included in a myriad of laws and regulations, the centerpiece for many of them is the Global Warming Solutions Act (GWSA) enacted in 2008. The GWSA sets goals for emission levels, including a 25% reduction of GHGs below the 1990 level no later than 2020. A GWSA Dashboard was established to track the progress of meeting this goal. A recently published study by the Environmental League of Mass. (ELM), "The Mass. Clean Energy and Climate Scorecard," questions whether Mass. can reach the GWSA goals by 2020, given its progress to date. In addition to tracking the progress, ELM enunciates several action points to expedite the 2020 goal. ELM sees the Commonwealth 5% behind where it should be to meet the 25% reduction goal by the articulated deadline. To get there ELM recommends intensified efforts that are promoted by government agencies, including more regulatory flexibility, zoning reform, incentives to utilize alternative energy, and promotion of energy savings and efficiencies in the development community. Consequently, every existing, new and renovated development can benefit from savings while contributing to the reduction of GHGs. Finally, a shout out to Kenneth Kimmell, retiring Commissioner of the Mass. Department of Environmental Protection, for his leadership and understanding of the environmental issues, and for balancing the public's health and welfare with realistic business goals. Best of luck Ken! Susan Bernstein is an attorney at law, Needham, Mass.
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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