News: Construction Design & Engineering

Gilbane Building and mayor Menino participate in Walmart Teen Challenge Golf

Kahlil Olmstead, general manager of G.O. Services and director of community outreach with Gilbane Building Company, joined mayor Thomas Menino and other area businesses in the 10th annual Walmart Teen Challenge Golf Classic. The event raised money for Teen Challenge Boston Men's Campus, a program that provides youth, adults and families with an effective and comprehensive solution to problems with addiction. The Golf Classic was just one of the ways Gilbane is reaching out to help members of the Boston community. Other recent community involvement by Gilbane includes a strategic alliance with the Madison Park Technical Vocational High School in Roxbury to reach young people with an aptitude for engineering and construction management during their formative years; renovating the soup kitchen at Haley House; and volunteering with the ACE Mentor Program and Rebuilding Together Boston. In addition, Gilbane is reaching out to area workers with its M/WBE Contractor Training Program, currently in its second year. Gilbane has developed this 'best practices' program for small M/WBE businesses in the construction trades. Class topics include accounting, cost estimating, marketing, safety, procurement, technology, project management, insurance, purchasing, scheduling, business development, risk analysis, and financial management in an effort to increase the competition in the marketplace and give minority contractors the tools to compete at the highest level. Shown (from left) are: Kahlil Olmstead, general manager of G.O. Services and director of community outreach with Gilbane Building Co.; mayor Thomas Menino; and Jeannette Gerald, business consultant for the Minority Business Development Agency Business Center,
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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