News: Construction Design & Engineering

Commodore Builders hires D'Alleva and Sharkey as project executives

Newton, MA Mark D'Alleva and Chris Sharkey have joined Commodore Builders as project executives. In their new roles, D'Alleva will focus on the execution of law firm and financial projects, while Sharkey will utilize his extensive healthcare background to lead developments in this respective division. Prior to joining Commodore, D'Alleva served as director of capital projects and national procurement at Bingham McCutchen, where he was responsible for the design and construction of the firm's work spaces throughout the U.S., Europe, and Asia. Additionally, he served as a project executive at Shawmut Design and Construction for seven years, where he oversaw a wide range of commercial and corporate projects, including the repositioning of 265 Franklin St. and 100 Summer St. Sharkey brings a wealth of industry experience to Commodore, having previously worked as a project executive at Walsh Brothers for 14 years. In this role, he developed a broad portfolio of projects in the healthcare division, including the construction of the 250,000 s/f parking garage at Rhode Island Hospital and the addition of a 140,000 s/f Neonatal Intensive Care Unit (NICU) at the Women and Infants Hospital in Rhode Island. D'Alleva received his Bachelor of Science Degree in Architectural Engineering/Building Construction from the Wentworth Institute of Technology. Sharkey earned his Bachelor of Science Degree in Architecture & Engineering from the Wentworth Institute of Technology.
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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