News: Construction Design & Engineering

Erland Construction presented two "Excellence in Construction Awards"

Erland Construction, Inc. has been presented two "Excellence in Construction Merit Awards" by the Associated Builders and Contractors (ABC), Mass. Chapter for its work on the new undergraduate dormitory at Babson College in Wellesley and Kimball Towers in Burlington, Mass. The 55,000 s/f, 5-story, all brick residence hall at Babson College, which was built into a hillside, has an elegant curved façade and was designed to mirror the architectural style of the rest of the buildings on campus. Built to satisfy the college's growing need for on-campus, undergraduate housing, the dorm accommodates 124 student beds in 31 apartment style units, each containing four bedrooms as well as a shared bathroom, living room, and kitchenette. Kimball Towers contains 256 rental units in two 10-story towers linked by a 5-story structured parking garage. The development includes a mixture of studio, one-bedroom, and two-bedroom apartments with units on the top three floors featuring higher-end finishes. Located on a 2.5-acre portion of a site constrained by bordering wetlands and a densely populated residential neighborhood, Kimball Towers was built in close proximity to Kimball Court - an occupied 525-unit apartment development also owned by The Mullins Company. Combined, Kimball Towers and Kimball Court is now the seventh largest residential complex in the state.
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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