News: Construction Design & Engineering

Goody Clancy to design 90,000 s/f for Harvard Business School

Goody Clancy was selected by Harvard Business School to design the Ruth Mulan Chu Chao Center, a 90,000 s/f building that will serve as a new gateway for the 10,000 students who attend classes each year in the Business School's executive education program. The Center will be designed as a bustling hub of social and academic life on campus, providing classrooms, dining and meeting spaces to foster frequent interaction and collaboration among MBA students, faculty, doctoral candidates and executive education students. "Harvard Business School has a longstanding commitment to executive education, and the new Chao Center will heighten this commitment by integrating the learning, living and socializing experience for all students," said Roger Goldstein, principal of Goody Clancy. "We are thrilled to be selected to design this new building, in a location that will bridge the gap between the oldest and newest areas of campus." Chao Center will be built on a site in the northeast corner of the historic McKim Mead and White campus where Kresge Hall now stands, shaping a new quadrangle with Tata Hall. The new building will be named after Ruth Mulan Chu Chao, wife of James Si-Cheng Chao and the mother of six daughters, four of whom graduated from the Business School. The Chao family recently made a $40 million gift to Harvard University and Harvard Business School in honor of the life and legacy of the late Ms. Chao. The gift was received during the 50th anniversary celebration of women graduating from Harvard's full-time MBA program, and during the 375th anniversary of Harvard University. Among the Chao family's daughters is former secretary of labor Elaine Chao, who served under George W. Bush and was the first Asian Pacific American to be appointed to a U.S. Cabinet. Chao received her M.B.A. from Harvard in 1979.
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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