News: Construction Design & Engineering

Erland awarded complete gut and build-out of 70,000 s/f for Covidien

Erland Construction, Inc was recently awarded a complete gut and build out of a 2-story, 70,000 s/f building for Covidien in the Crosby Corporate Center. Teaming with Maugel Architects, Erland will complete the project this winter. This is the second time that Erland has managed a construction project for Covidien. The first - completed in 2008 - was a major renovation and expansion for their corporate headquarters in Mansfield. For the Bedford project, Erland will transform the first floor of the building into office space for the sales, marketing, and human resources departments. The second floor will become manufacturing and R&D with several different types of laboratories, clean rooms, and a clean/dry room. The project will apply for a Construction Interiors (CI) LEED certification. Erland's project executive for this project, Tom Blesso, said, "It's always rewarding to win a project for an owner that we've worked with before. It means we did a good job previously and the owner trusts us to perform well again. We're excited to work with Covidien on this project in Bedford and continue to build our relationship with them." Erland Construction, based in Burlington, is a leading open shop construction management, program management, design/build, and general contracting firm. The 32-year old company has the specialized proficiency for new construction, additions, and renovations in major market sectors including residential, academic, healthcare, commercial, and life sciences.
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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