News: Owners Developers & Managers

EMCOR Group, Inc. receives a contract from the U.S. GSA at the John W. McCormack Federal Building

EMCOR Group, Inc.'s Government Services subsidiary has received a contract from the United States General Services Administration's (GSA) Public Buildings Service at the John W. McCormack Federal Building. This facility will serve as the new home for the U.S. Environmental Protection Agency (EPA) New England, the largest tenant in the building. EMCOR Government Services (EGS) will be responsible for the total operation and maintenance of the John W. McCormack Federal Building. Scope of work for EGS includes operation and maintenance of the following equipment and systems: mechanical, plumbing, heating, HVAC systems; fire protection systems; control systems; architectural and structural systems; locks and keycard systems; and management of the building service calls. The McCormack Building has been undergoing a significant renovation that, once completed, is anticipated will enable the facility to attain a Silver LEED rating by the U.S. Green Building Council (USGBC). The award to EGS of this assignment was based, in part, on its expertise in servicing and operating LEED facilities and green environments. "It's an honor to be contributing to the well being of such a dynamic and important facility for the GSA," said Michael Shelton, president of EMCOR Government Services. "EGS brings to the John W. McCormack Federal Building commercial best practices and extensive facilities knowledge which we believe will help provide high-performance facility and long-term value, while meeting the highest standards for green facilities."
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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