News: Construction Design & Engineering

CTA Construction attends ribbon cutting for $7 million Wakefield Gas and Light Department building

CTA Construction, general contractor for the town's new Municipal Gas and Light Department building located at 480 North Ave., attended the project's ribbon cutting ceremony. Participating in the event were local dignitaries, representatives of CTA, and the project's architect, Helene Karl Associates, Inc. (HKA). CTA worked closely with the town and HKA to provide demolition of the existing 15,000 s/f building and construction of a new 30,000 s/f facility. The new $7 million building provides department employees with offices, open administrative areas, a conference, training room, large reception area, and kitchen and dining facilities. The entire project was constructed around an active gas substation that services the entire town. This added an additional challenge as the project site was already tight and located immediately adjacent to Wakefield's Lake Quannapowitt. "At CTA, safety is always our first priority but constructing the building around an active gas substation really elevated our awareness of safety and protection on this project. We are proud to say the project had zero incidents or accidents," said Davida Flynn, CTA's project manager.
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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