News: Construction Design & Engineering

Consigli Const.'s Maine team completes 9,000 s/f renovation at Central Maine Medical Center in Lewiston with PDT Arch.

Consigli Construction Co., Inc.'s Maine operations have completed the construction of a new sleep lab for Central Maine Medical Center (CMMC), taking former shell space and converting it into a medical research area. After an extensive pre-construction program helped CMMC develop a budget that addressed their needs for additional sleep lab space, Consigli and PDT Architects in Portland worked closely to convert the basement of the hospital into a sensitive research and observation area. The 9,000 s/f lab contains acoustical walls and ceilings, which required close coordination between the hospital staff and Consigli to create an environment with the proper sound qualities. The basement region presented the team with two additional challenges: it contains the underground garage entrance for doctors and is ground-zero for all hospital utilities. Consigli maintained access at all times for staff, while keeping utilities online and the elevator functional. The team also maintained proper protocol for infection control and interim life safety measures, and structured demolition efforts around the schedule of the operating room and other hospital operations. Consigli, established in 1905, is a construction manager and general contractor serving academic, corporate, healthcare, and institutional clients throughout New England and New York state. The company, an industry leader in environmentally sound building practices, was recently recognized by the Boston Business Journal as one of the Best Places to Work in Massachusetts and in Maine by Best Companies Group. Consigli has offices in Enfield, Conn., Portland, Me. and Milford, 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