News: Construction Design & Engineering

Engelberth Construction managing $21m addition/renovation project

Engelberth Construction, Inc. is currently managing the construction of a $21 million, 20-month building and renovation project for New London Hospital. The 46,000 s/f medical office building addition and 12,500 s/f of renovations will unify and update the 50-year old campus. The project includes a new main entrance for outpatient and inpatient registration and services, while the existing entrance will serve emergency department visits only. Renovated space will include thirteen private inpatient rooms and support space for the medical surgical unit and a chapel, in addition to expanded clinical space for hospital specialty services. The oldest section of the existing medical office building will be demolished, while the remaining portion will be renovated to accommodate pediatrics, which currently is off site, and administrative spaces relocated from the hospital building. The first floor of the new addition will house space for a physical rehabilitation center, currently off site, leased provider space, eight new private inpatient rooms with support spaces and indoor access to the mobile MRI unit. The second floor will allow space for the hospital's provider practices. As part of the improvement project 100 additional parking spaces are being added.
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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