News: Construction Design & Engineering

First full year for Merit Apprentice Program

As the end of 2012 draws near, the time is right to reflect on some of our chapter's accomplishments. This has been the first full year for the Merit Apprentice Program (MAP), which allows open shop firms to meet apprenticeship requirements associated with state-funded construction. MAP now includes more than 30 companies and eight labor pools with over 100 vetted, high-quality apprentices for use on both public and private work. ABC - Mass. Chapter's status on Beacon Hill also continued to grow, as we were again successful at advocating for positive legislation and derailing bills that would do the most harm to the open shop. The growing esteem in which we're held could also be seen in our inclusion in a task force convened by the Division of Capital Asset Maintenance and regular contact with the Office of the Attorney General, Department of Public Safety and the Division of Labor Standards, among others. Recently we were pleased to welcome a new membership team. Membership director Ken Ledwak has hit the ground running, with the help of membership assistant Dave Murphy. If you haven't met Ken and Dave yet, you will soon. This month, ABC also took advantage of the favorable real estate market and moved into spacious new digs at 100 Unicorn Park in Woburn. None of these accomplishments would have been possible without the staff that makes our continuing success possible. I know they will provide incoming chairman Tom Descoteaux with the same support they've given me. ABC Mass. will be in good hands during the coming year under Tom's able leadership. I wish him the best of luck and also offer my sincere thanks to all of you for making this a great year. Dennis Maguire is the chairman of the Associated Builders and Contractors - Mass. Chapter, Woburn, Mass.
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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