News: Rhode Island

Griffin Electric completes electrical installation at 118,500 s/f facility

Wayne J. Griffin Electric, Inc. (Griffin Electric), a leading area electrical subcontractor, has completed the electrical installation work at the U.S. Navy's Officer Training Command Quarters. The new Nimitz Hall, an 118,500 s/f, three-story facility was constructed to house naval candidates entering into the officer training program. The facility holds 116 modules with four students per module, in addition to laundry, utility, storage and multi- purpose space, with vending areas and a loading dock. Also included within the building is support space for officer training command's training and administration staff. The Griffin Electric team was responsible for the BIM 3D coordination of fixture conduit runs and cable tray installations on-site. Additionally, Griffin designed the fire alarm system, installing it along with systems for power, lighting, mass notification, tele/data and low voltage. Serving as the project's general contractor was Absher Construction Company of Puyallup, WA, with Tetra Tech, of Seattle, WA, as the architect and BCE Engineers, of Fife, WA, the electrical engineer. "We are proud to be concluding our first project with Absher," said Wayne Griffin, president of Griffin Electric. "We hope our work together on this project has created a long-term relationship between our two firms, enabling us to partner on future jobs." The project is anticipating LEED Gold certification, due to the utilization of a solar thermal water heating system and high efficiency plumbing fixtures throughout the facility.
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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.
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The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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