News: Spotlights

Integrated Builders completes 200,000 s/f office/manufacturing space for L-3 Communications

Integrated Builders, a construction management, design-build and general contracting firm, recently completed interior construction and fit-up of a 200,000 s/f office and manufacturing facility for L-3 Communications. L-3 Communications, which employs over 64,000 people worldwide, is a prime contractor in aircraft modernization and maintenance, C(3)ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) systems and government services. L-3 is also a leading provider of high technology products, subsystems and systems. "It was a large and exciting project for us. We're very pleased that this office and manufacturing construction project was completed ahead of schedule to the complete satisfaction of our client," said Jay Dacey, president of Integrated Builders. "We converted the interior of a large warehouse building into a state of the art 65,000 s/f office and 135,000 s/f manufacturing space." L-3 consolidated several locations at their new facility which is located at 2 Nemco Way. In addition to interior fit-out, Integrated also installed new mechanical and electrical systems and a new compressed air and vacuum system. Architect for the project was Harvard-based Maugel Architects, Inc.
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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