News: Owners Developers & Managers

Hobbs Brook Management LLC selects Margulies Perruzzi Architects and Columbia Construction Company for project

Hobbs Brook Management LLC has selected design firm Margulies Perruzzi Architects and construction manager Columbia Construction Company for another out-of-the-ground office building project. It is anticipated that this four-story, 160,000 s/f class A office building will achieve LEED Silver certification for new construction by the U.S. Green Building Council (USGBC) and will be the first office building in town to do so. The project is scheduled to break ground this month and is slated for completion in 2013. "Working with both Margulies Perrruzzi Architects and Columbia Construction Company has proven to be a successful formula for designing and building new and sustainable projects, as evidenced by our recent 175-185 Wyman Street project in Waltham. We are thrilled to reunite this successful team and embark upon another sustainable project together," said Donald Oldmixon, first vice president of construction, real estate and leasing at Hobbs Brook. "Hobbs Brook has been committed to building and operating sustainably for more than thirty years, and we are proud to offer yet another green Class A office building to our growing list of tenants." The building will be shared by two tenants, FM Global, one of the world's largest business property insurers, and Dedham Medical Associates. FM Global, which has operated in Norwood since the 1950's, will relocate nearly 200 employees from 500 River Ridge Drive in Norwood to this new building, which is situated on the same campus as its Center for Property Risk Solutions. The $4.7 billion company chose to relocate to provide a centralized location for its Massachusetts employees. Dedham Medical Associates will relocate its Norwood office from 325 River Ridge Drive in order to enhance the patient experience in a larger space. The project is scheduled to break ground in October and is slated for completion in 2013. About Hobbs Brook Management LLC As both owner and operator, Hobbs Brook Management LLC is committed to providing its tenants and their employees with a reliable and fully functional business environment.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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