News: Construction Design & Engineering

Diversified Project Management facilitates Education Development Center's relocation

Diversified Project Management (DPM)completed the renovation and relocation of Education Development Center (EDC), a global non-profit organization with more than 300 health and education projects in 35 countries, into its new headquarters at 43 Foundry Ave. The new headquarters houses nearly 420 employees and consists of 120,500 s/f. The highly collaborative and open space features a café, multiple breakout and soft seating areas and audio visual systems, all of which facilitate its global operations and communications. Based on a sustainable design model, the new space meets high efficiency engineering standards while maintaining the goals of aesthetics and space flexibility/functionality. DPM provided EDC with comprehensive project management oversight, beginning with support throughout the pre-construction phase to ensure that the new facility would meet its schedule and budget goals. Also included was the engagement and management of the construction team, along with a host of other specialty design consultants, evaluation of cost estimates, value engineering, review of all programming, design and construction documents as well as FF&E and move management services. DPM project executive Pat Forbes, along with senior project manager, Denise Booras, senior project planner, Eva Hamori and assistant project manager, Callie O'Brien coordinated all activities of the design/build team including Sasaki and Commodore Builders, to ensure a seamless transition into the new headquarters. The project team was rounded out by RDK Engineers, Red Thread, Acentech, Atelier Ten, Sebesta Blomberg, Interstate Electric, Furniture Consultants Inc. (FCI) and Sterling Movers.
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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