News: Spotlights

HMEA breaks ground for new $2.7m 16,000 s/f facility in Sterling

HMEA, a non-profit organization that supports individuals with developmental disabilities across central and southeastern Mass. broke ground recently on a $2.7 million, 16,000 s/f facility located off Northeast Blvd. The new building will house both an employment and training program and a day habilitation program for individuals with developmental disabilities, as well as a bottle and can redemption center that will employ individuals served by the agency and members of the community. The one-story building will be of steel construction and will feature a brick and stucco exterior. Consistent with HMEA's agency-wide "green" initiative, the building will contain many environmentally friendly features, including a high efficiency heating and cooling system, "smart" thermostats, thermal pane windows, and energy efficient CFL light bulbs. "This new building gives HMEA the opportunity to bring programs together under one roof in a modern and sustainable facility," said HMEA president/CEO Mihael Moloney. "We will be able to deliver a full range of supports and services in a wonderful new environment that will help the individuals we serve make important new connections in the community." Grenier Construction of Shrewsbury is the architect and general contractor for the project. Construction is expected to be completed by fall of 2010.
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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