News: Rhode Island

Gilbane breaks ground on $3.75 million Ronald McDonald House expansion

Since 1989, Ronald McDonald House of Providence has cared for thousands of families of hospitalized children, providing them with food, shelter, and emotional support. Yet in the past three years, the house has had to turn away 185 families due to lack of available accommodation. Gilbane Building Company, in collaboration with New England Medical Design, Inc. (NEMD Architects), will expand and renovate the facility, adding 11,500 s/f and 10 new bedrooms. "When you have an opportunity to work on a project in your own back yard that directly affects people in your community it becomes very personal to the team," said Stephen Duvel, Rhode Island operations manager. "We are proud to partner with Ronald McDonald House of Providence on this vital program and will work to safeguard families from any disruption during their stay at the House while construction is ongoing." Having broken ground on July 15, the project will be completed in three phases to allow the existing facility to safely continue operations and supporting families. Upon completion, Ronald McDonald House of Providence will have the capacity to service 28 families at one time, with an average of 130 additional families per year.
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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