News: Spotlights

E. S. Boulos Company underway with clean air project at Merrimack Power Station

NECA contractor, E. S. Boulos Company (ESB) of Westbrook, ME has been awarded and is underway with the Clean Air Project (CAP) at Merrimack Power Station. The project is designed to remove emissions from the coal burning process, and ESB will provide services in three distinct aspects of the project. Dearborn Midwest Conveyor Company of Taylor, MI has contracted ESB to install the distribution power, lighting and control components for 2,400' of an enclosed conveyor system, two concrete limestone silo storage units and two transfer towers that supply limestone to the Flue Gas Desulfurization building. Installations for a conveyor and storage facility for the byproduct of this process (Gypsum) are also part of this contract. Also within the Merrimack Power CAP, Sterling Boiler has contracted with E. S. Boulos to install the lighting, power, control and instrumentation systems designed to operate the Flue Gas Desulfurization process. The control and instrument design is by Siemens. ESB is working under construction management group URS of Princeton, NJ to complete the Balance of Plant project. This includes a MV cable bus system from the onsite 115/5KV Substation to MV switchgear powering the Flue Gas Desulfurization Building and its processes. Numerous MV motors are employed along with multiple low voltage motor control centers providing power for the many pieces equipment. This project also includes an upgrade of the plant's emissions monitoring system. At peak construction, ESB will manage a workforce of 80 to 90 electricians from IBEW Local 490 in Concord, headed by project managers Lyle Doughty and Scott Marquis, supervisors Scott Morris and Jeff Lodge. The project is scheduled to be on line in January 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