News: Construction Design & Engineering

Erland completes office renovation for Avid

Erland Construction, Inc. completed a multi-phased, fast track, turn-key renovation project for Nordblom Company and Avid, moving Avid from their former world-wide headquarters in Tewksbury to Burlington. Avid leased three buildings from Nordblom - two in the Network Dr. campus and one in Northwest Park, totaling 203,000 s/f. After an intense construction period, Erland completed the project in less than six months. Erland committed multiple construction crews to simultaneously manage the various components of the project. Avid has taken over the entire building at 75 Network Dr., as well as two floors of 65 Network Dr., which will serve as their corporate headquarters. These renovated spaces feature a high-tech lobby with holographic displays; conference, demonstration and training areas; as well as their executive offices and technical lab space. Erland has also constructed a 143-foot long enclosed pedestrian bridge to provide all-weather access between 65 and 75 Network Dr.. The bridge mimics the design of current connecting bridges in the park. The final portion of this project included renovations to 10 North Ave. in Northwest Park to house Avid's stockroom and distribution functions including construction of a new loading dock addition. Erland also constructed a new connecting road between North Avenue and the Network Dr. ring road. Erland teamed with Gensler, RDK Engineers, Spagnolo Gisness & Associates, Maugel Architects, Vanasse Hangen Brustlin and Fox Relocation on this project.
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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