News: Owners Developers & Managers

Fandetti and Forsythe's conversion of the Kendall Hotel completed

John Sullivan Jr., Corp. recently completed a seven story, 7300 s/f addition to the Queen Ann-style Kendall Hotel located in the Kendall Sq. Originally known as Engine 7 Firehouse, the structure is the city's first and only historic hotel and is a participant in the Historic Hotels of America program. Owners, Gerald Fandetti and Charlotte Forsythe purchased the century old structure which was scheduled for demolition and, over a two year period, converted it into a 73-room, 4 one-bedroom luxury suite period hotel with such modern amenities as bathrooms with separate shower and tub areas and high speed internet connectivity. The Sullivan team, under site supervisor, Scott Southwick and project manager, Rob Johnstone worked closely with architect, Gerald Fandetti, of GNF Architects to ensure historic authenticity. Built over the existing Dock St., the seven story addition allows for traffic egress to city streets. Despite challenges such as removal of unsuitable soils and city traffic during construction, the team was able to complete the project on time.
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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