News: Construction Design & Engineering

J. Calnan & Associates, Visnick & Caulfield Architects, WB Engineers and Officeworks complete 162,000 s/f project

J. Calnan & Associates, Visnick & Caulfield Architects, WB Engineers and Officeworks completed the new corporate headquarters for Pegasystems at One Rogers St. Working collaboratively, the project team transformed the existing 162,000 s/f space into a flexible corporate headquarters that would accommodate future growth and also tell the story of Pega. Highlights include new private offices that were constructed to double as small meeting rooms; flexible conference rooms with extensive audio visual equipment as well as various workstations and public open space that promote collaboration. A combination of both solid and glass demountable architectural walls were utilized extensively throughout the space to provide maximum flexibility and allow for various reconfigurations. Overall, the space was designed for change with the anticipation of future growth. Dan Ryan, vice president, real estate and facilities said, "After working together for five years on various projects, my team was very positive about their past experiences and felt confident working with J. Calnan & Associates for this signature project. From the start, they offered whatever support they could by joining us on tours to talk about potential concerns with various sites; working closely with the Architect on design costing for various scenarios and supporting us throughout the lease negotiation process as well. During this time, never once was there a discussion that it was expected that we award a construction contract to them. From my perspective, it's all about the relationship with the crew at JC&A. Once you have that, the rest just falls into place and we were not disappointed!"
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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