News: Construction Design & Engineering

Connolly Brothers breaks ground on 65,000 s/f office building

Mayor William Scanlon, city of Beverly, representatives from the North Shore Chamber of Commerce and Beverly city representatives joined Connolly Brothers to celebrate the groundbreaking of the first speculative office building on the North Shore since 2003. 138 Conant Street is the second building built at this location by Connolly Bros. with the first building built in 1989 and leased by Electric Insurance. The 65,000 s/f facility is highly visible from and adjacent to Rte. 128. Construction will be completed in August. The four story building will have underground parking for 55 cars. The construction is cast in place concrete and steel frame. 138 Conant St. is located next to Cherry Hill Park and the Beverly Airport. Marketing will be done by Klemmer Associates.
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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