News: Construction Design & Engineering

Erland Const. to build 130,000 s/f Palomar Medical Tech. headquarters

Following months of preconstruction planning, Erland Construction, Inc. has begun construction of the new 130,000 s/f corporate headquarters for Palomar Medical Technologies, Inc. Palomar acquired the site for their new building - located in the former Sun Microsystems campus - from Nordblom Company, who assisted during preconstruction planning. Spagnolo Gisness & Associates of Boston is the architect and interior designer on the project. When completed in early 2010, the new structure will feature manufacturing, laboratory, and office space. The north section of the building will have a single-story manufacturing floor and the south section will have three floors of offices and laboratories. Classified as non-surgical clinical areas, the labs will require HEPA air filtration. The main entrance will feature distinctive finishes, glass curtain wall, and aluminum panels. Founded in 1991, Palomar Medical Technologies, Inc. produces the world's most advanced laser and pulsed light systems for aesthetic applications such as laser-assisted lipolysis, permanent hair reduction, fractional non-ablative and ablative skin resurfacing, photo-facials for pigmented and vascular lesions, fractional skin tightening through soft tissue coagulation, leg vein and acne treatment, and tattoo removal. Recognized as the new Gold Standard in laser and pulsed light technology, Palomar's systems offer exceptional value, versatility, efficacy, ease of use, and patient comfort and safety. Erland Construction, based in Burlington, Mass., is a leading open shop construction management, program management, design/build, and general contracting firm. The 31-year old company has the specialized proficiency for new construction, additions, and renovations in major market sectors including academic, residential, commercial, healthcare, 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