News: Construction Design & Engineering

Friends of State Theatre receives Stoughton's CPC support

The Friends of the State Theatre, a nonprofit corporation, received the support from the town's Community Preservation Committee for a $500,000 matching grant to be used for the rehabilitation of the former State Theatre located in the downtown area. The group plans to file for Mass. Cultural Council Facilities Fund Grant due March 7. The Friends of the State Theatre, is looking to raise $4 million for the rehabilitation of the theatre at the 807 Washington St. site, which opened in December 1927 and has been vacant since December 2007. Their mission is to restore the theatre and to help revitalize the downtown. The owners of the theatre C&V Investment Realty Trust demonstrated its support of the Friends of the State Theatre with a 30 year lease, with an additional 10 year option. The Friends of the State Theatre won't have to pay rent for the first 20 years of the lease under the condition the group raises the funds for the rehabilitation of the theatre. The preservation group hired The Field Organization of Somerville to create a business plan, and hired Wilson Butler Architects of Boston using funding included in the State budget thanks to representatives Louis Kafka and William Galvin. For more information about the Friends of the State Theatre, or to show your support with a donation, their website is www.statetheatre.us or you can find them on Facebook "Friends of the State Theatre."
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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