News: Northern New England

Engelberth Construction breaks ground for $12 million Upper Valley Aquatics Center

A groundbreaking ceremony was held recently and sitework is underway for the new $12 million Upper Valley Aquatics Center project owned by Sports Venue Foundation. Engelberth Construction, Inc. of Colchester, Vt. is building the new two-pool, 38,000 s/f complex located in a 38 acre sports park near the intersection of I-89 and Rte. 5. Governor Jim Douglas, town manager Hunter Reisberg, and land donor Andrea Ciardelli were on-hand to participate in the ceremony. The facility will serve both competitive and recreational needs of the Upper Valley/Dartmouth/Lake Sunapee region and northern New England. The project includes a 25-yard by 25-meter competitive swimming pool and a 500-seat spectator mezzanine. A second natatorium contains a leisure pool with an indoor/outdoor water slide and separate activity room. Completing the indoor facilities are a group of locker rooms, a fitness center, a childcare center, administrative areas, a lobby and space for pool mechanicals. Designed by Moser Pilon Nelson Architects of Wethersfield, Ct., and pool design by Counsilman-Hunsaker of St. Louis. Project completion is slated for December, 2008. Engelberth Construction is a CM/GC with offices in Colchester and Keene, N.H. Engelberth employs over 230 people on projects throughout Vt., N.H., northeastern N.Y. and Mass.
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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