News: Northern New England

Consigli Construction hired for two University of Maine renovation/upgrade projects

Consigli Construction Co., Inc. has been commissioned to perform renovations, upgrades and energy improvements at the University of Maine's Nutting Hall, which houses the university's departments of Forestry and Wildlife Ecology will receive an energy upgrade and Neville Hall Data Center will undergo renovations and full data center upgrades. The 4,600 s/f modernization and renovation of the university's mission critical Neville Hall Data Center includes electrical and mechanical upgrades, exterior lighting, landscaping and paving improvements. The 24-hour facility will remain in constant operation during construction, which will be conducted in two phases. Architect is Harriman. Originally constructed in 1968 almost entirely from wood, the two-story, 50,000 s/f Nutting Hall building will receive energy upgrades, including building envelope and prioritized HVAC equipment improvements and controls, structural upgrades and ADA improvements. This unique and memorable building combines 27 different species of wood, many from native forests in Maine and contains administrative offices, conference rooms, classrooms, labs and lecture halls. Work will begin this spring and will be performed while the building is occupied and around an active campus. Architect for the project is Lewis & Malm Architecture. Completion of both projects is slated for fall of 2012.
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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