News: Construction Design & Engineering

Duffy Properties begins 120,000 s/f speculative office in Blanchard Woods park

According to CB Richard Ellis - N.E. Partners LP, construction has begun on 78 Blanchard Rd. The new five-story, 120,000 s/f Class A office building is part of the newly developed 200,000 s/f office park, Blanchard Woods. 78 Blanchard Rd. is the first speculative office building being constructed along Rte. 128 this year. The owner, Duffy Properties, is an experienced, well-capitalized and vertically integrated developer. Tenants work with Duffy Properties principals every step of the way, from first tour to lease expiration, providing outstanding value to prospective tenants and speed to market. CBRE-NE's suburban brokerage team members Steve Murphy, principal, and Alex Plaisted, associate, will be responsible for the leasing efforts. "CBRE/New England's presence and expertise in the market make them the perfect partner on this asset. We look forward to continued success with their team," said Bob Duffy, principal of Duffy Props. 78 Blanchard Rd. is part of an office park being developed by Duffy Props. The two existing buildings, 76 and 80 Blanchard Rd., are substantially leased and total 80,000 s/f. 78 Blanchard Rd. will feature prominent signage to larger tenants, a fitness center, and a full-service cafeteria with indoor and outdoor seating. Blanchard Woods has a full complement of surrounding amenities, including four hotels, 160 retailers and 10 full-service restaurants.
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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