News: Construction Design & Engineering

Erland Const. completes 45,000 s/f Waverley Woods for Affirmative Invest.

Erland Construction, Inc. recently completed Waverley Woods for Affirmative Investments of Boston - a national developer of high quality, affordable and mixed-income apartment and homeownership communities. Teaming with Mostue & Associates Architects, Inc., Erland completed construction of this new 45,000 s/f residential complex in less than one year. The $8.3 million affordable housing development features 40 garden and townhouse-style apartment units in six buildings. The three-story, wood-framed buildings have a mix of one, two, and three-bedroom apartments. Waverley Woods - because of its sustainable design - features a light color concrete drive isle, recycled-material for play surface, dual flush toilets, compact fluorescent bulbs, programmable thermostats for energy efficiency, rain barrels for irrigation, drip irrigation system, and drought-tolerant plantings. Affirmative Investments was founded in 1983 with foundation support. Since that time, it has facilitated the financing and development of more than $500 million of affordable housing nationwide, representing over 5,000 units. Erland Const. specializes in new construction, additions, and renovations for residential, academic, healthcare, commercial, and life sciences projects.
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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