News: Construction Design & Engineering

Fortunato Const. Group establishing itself as leader in the delivery of medical and healthcare facilities

During the last 20 years, Fortunato Construction Group has become well known in the arena of restaurant and retail construction, having established itself with many long term relationships and hundreds of projects with national and regional clients. At the same time, Fortunato has established itself as a leader in the delivery of medical and healthcare facilities throughout the region with an array of types and sizes of projects. Their resume includes new buildings, renovations, and "in service" renovations often requiring complex project scheduling. A sampling of their work includes patient wing renovations and other in-hospital work at The Hospital of Central Conn. and Lawrence and Memorial Hospital in New London, MRI facilities, imaging and radiology centers, outpatient clinics, physical therapy facilities, surgical centers, eye care centers, doctors offices, mental health facilities, dentists offices, veterinary clinics, health and wellness centers, VNA offices and health fitness centers. Fortunato has a track record of completing new and renovated dialysis centers. Nine facilities have now been built or are under construction throughout the northeast. Timely completion is a critical component of these projects to allow for the delivery of services to patients in need. Since 2004, Fortunato has been building and renovating surgical facilities for the Naugatuck Valley Surgical Center (NVSC) in Waterbury. The latest addition to the outpatient surgical center has expanded NVSC's capabilities to serve a greater population of patients while offering the most sophisticated equipment and operating rooms in the area. Fortunato is also completing a 30,000 s/f Medical Arts Center offering tenant suites for lease. The building is located with access to Rte. 9 and I-84 in New Britain.
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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