News: Front Section

Erland Construction begins construction at 32 Second Avenue for Nordblom Company

Erland Construction has begun construction of new multifamily housing at 32 Second Ave. for Nordblom Company, a client of Erland's for 38 years. Located in the new 3rd Ave mixed-use development, the residents of this apartment community will have multiple shopping, entertainment and dining options at right their doorstep. This new complex will have 180 rental units, a detached parking deck for 122 cars and surface parking for another 189 vehicles. Designed by Cube 3 of Lawrence, Mass. as a single four-story building with three wings, tenant amenities will include an outdoor swimming pool in one of the courtyards. This project began with demolition of an existing office building as part of the continued transformation of Northwest Park into 3rd Ave. Its neighbors include the newest offerings including Kings Bowl America and Wegmans Supermarkets. Erland Construction, with offices in Burlington and East Windsor, Conn., is one of the region's leading open shop construction management and general contracting firms. The company has the specialized expertise for new construction, additions, and renovations in major market sectors including residential, office, academic, commercial and healthcare.
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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