News: Spotlights

International Place earned LEED for Existing Building Silver Certification in 2012

International Place is an urban center development located at 90 and 150 Oliver St. The buildings were developed, and continue to be owned and operated by Chiofaro Companies. Phase 1 is 46 floors, and Phase 2 is 35 floors, and they comprise almost 2 million s/f of class A office space and underground parking. The buildings, originally constructed in 1986 and 1988, received LEED EB Silver Certification in 2012. The project achieved a WalkScore of 100, and is located within 1/4 mile walking distance of several bus stops, and the MBTA stations. Other sustainable aspects of this project include but are not limited to exceeding 50% recycled waste on an ongoing basis, and reducing the indoor water use by 21% as compared to the EPAct 1992 by using Low-flow fixtures. International Place is a significant LEED for Existing Buildings Project for the city and the state of Massachusetts as it exemplifies what can be done with our existing legacy buildings to reduce their impact and create an efficient and livable urban infrastructure. Energy reduction was an important goal in the LEED certification process, which was achieved by improvements to the HVAC systems, and lighting systems by replacing the light fixtures and installing occupancy sensors. The current Site Energy Utilization Index is 68 and 77 kBTU/SF respectively; the National Median Site EUI for the same category (Office) is 97 kBTU/SF, which means that the buildings are using 20.6% less energy than the median office building. This is a testament to what can be done to older existing buildings in order to make them more energy efficient. It also serves to show that even small improvements in larger buildings can make a difference; a small percentage improvement in a large amount of energy use is a large amount of energy saved. Project Team: Owner/Developer: The Chiofaro Company Architect: Johnson/Burgee Architects (original building) MEP Engineer: AHA Consulting Engineers LEED Administration: Robert G. Andrews, Jr., PE, CEA, LEED AP BD+C
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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