News: Construction Design & Engineering

Erland Construction completes primary school at Fay School

Erland Construction completed the new 35,000 s/f primary school building for the Fay School. As part of this project, Erland also renovated the existing Steward Dormitory into a new Wellness Center. These two projects make up the second phase of the school's master plan for construction on campus. The first phase, built by Erland, was completed in the spring of 2009. The construction included a new wastewater treatment plant, a maintenance building, a new ceremonial entrance to the campus, and two LEED Gold village-style faculty/student dormitories. Phase two reunited the phase one team - Erland Construction, architecture firm S/L/A/M Collaborative, and owner's representative Pinck & Co. The new building, which opened this past fall, serves pre-kindergarten, kindergarten, and grades one and two. Both pre-K and kindergarten are new grades for Fay, and the building also allows for the expansion of the existing grades one and two. The new primary school building will apply for LEED Silver certification. The first floor of the existing Steward Dormitory was converted to the new Wellness Center. To accommodate the Wellness Center, the students residing in the Steward Dorm were moved into the dorms completed in phase one. The new 8,500 s/f Wellness Center has upgraded patient rooms, classrooms, and a faculty apartment; a new elevator, clock tower, hardscape and main entry were also added.
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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