News: Construction Design & Engineering

Gilbane Building Company completes two mixed-use
life sciences buildings in Boston area

10 Prospect Street - Somerville, MA

Somerville, MA Gilbane Building Company has completed two pioneering life sciences facilities near Boston.

USQ, located at 10 Prospect St., is a LEED Gold and WiredScore Platinum site in Union Sq. that spans 205,000 s/f, merging lab and office spaces. The property features ground-floor retail and seventh-floor amenities.

The second facility, located at 250 Arsenal Place in Watertown, Mass., is a 255,000 s/f class A structure that offers office-lab suites, research spaces, and amenities including a café and rooftop installations.

“The Watertown and Somerville communities are transforming into rich sub-clusters of research and innovation, and we’re proud to deliver these highly efficient buildings that will play host to groundbreaking research for generations to come,” said Justin MacEachern, vice president and business unit leader for Gilbane in Massachusetts.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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