News: Rhode Island

FM Global honored by Northeast Energy Efficiency Partnerships

FM Global, Rhode Island's largest private company and one of the world's largest commercial property insurers, has been named a "Business Leader for Energy Efficiency" by Northeast Energy Efficiency Partnerships (NEEP) for its commitment to energy conservation with the construction of its 366,660 s/f, Leadership in Energy and Environmental Design (LEED) Gold certified from the U.S. Green Building Council (USGBC) corporate headquarters. FM Global was honored at the Northeast Energy Efficiency Summit on June 8. The high-performance office building—among the state's greenest—is 40% more energy efficient than its previous headquarters and has conserved more than 3 million kWh per year, resulting in an annual energy cost savings of more than $350,000 since it opened in 2009. FM Global worked with National Grid to identify opportunities to maximize energy efficiency by installing lighting controls that reduce energy during low-use periods, reflective roof coatings that capture natural sunlight and an Energy Management System (EMS) to monitor and regulate energy use, to name a few. "At FM Global, conservation has been ingrained in our business philosophy for more than 175 years," said Don Oldmixon, vice president of real estate for FM Global. "We're pleased to have constructed a building that is built to last, minimizes environmental impact, and promotes the health and wellness of our employees, and provides them a great place to work." The building was designed by Vision 3 Architects and built by Dimeo Construction Co.
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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