News: Northern New England

Consigli Construction breaks ground on $37 million Penobscot County Judicial Ctr.

Consigli Construction Co., Inc. has began a 24-month $37 million courthouse project that will consolidate all of the city's courts into one building at Exchange St. With governor John Baldacci and Maine supreme court justice Leigh Saufly in attendance, the ground breaking event drew over 100 people from the local business community. The new Penobscot County Judicial Center building will play an important role in serving the needs of area residents and the judiciary, as the 90,000 s/f structure will incorporate a total of seven courtrooms, including one for arraignments, three for jury trials and three for family matters. Safety played an important role in the new facility's design, which includes space that maintains separate entrance areas for prisoners, helping to enhance security for the general public. A structured parking garage below the building will accommodate 60 staff vehicles and a security system will control access to all parts of the building. An efficient phased construction schedule is being implemented whereby site work and pile foundation installation will occur in the fall of 2007 while the interiors of the building are still undergoing design. Construction began on October 1. The building superstructure will begin in the spring of 2008. The design was provided by Leers Weinzapfel 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