News: Construction Design & Engineering

Consigli Construction awarded construction contract from U.S. Naval Station

Consigli Construction Co., Inc. has been awarded the construction contract for a new SPiRiT (Sustainable Project Rating Tool)-certified indoor training pool and building at the U.S. Naval Station. Partnering with SMRT, a full-service architecture firm, the design/build project will break ground in March. In its first project with the U.S. Navy, Consigli will build a completely new indoor training pool, replacing a 50-year old existing structure. Consigli will enclose the pool within a pre-engineered building, which includes unique features such as load-bearing walls running the length of the building, as opposed to a conventional column design. This eliminates the need for large concrete column footings and cross-ties required in a typical pre-engineered building. Consigli will also build and fit-out men's and women's locker rooms, as well as ample storage areas. Expected to be occupied by October, the fast-track project is targeting SPiRiT bronze certification, the U.S. Army's version of LEED. Previously, the team of Consigli and SMRT worked at the Skowhegan Readiness Center in Skowhegan, Maine, on a project which was SPiRiT Gold certified.
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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