News: Construction Design & Engineering

J. Calnan completes Shire project

J. Calnan & Associates completed a fast-track renovation project for Shire, a biopharmaceutical compy. Shire's offices are located at 185 Alewife Brook Parkway. The project consisted of renovating nearly 15,000 s/f of space in the 1st floor of the fully operational building. Some of the highlights include: a complete mechanical & electrical overhaul including new switchgear with full metering capabilities, 3 new air handling units and a significant amount of energy efficient equipment; high-end offices combined with collaborative work stations; conference rooms utilizing LIFESPACE Wall Systems as well as the addition of a new, modern café which duals as a conferencing and presentation facility. The team also complied with all the necessary design, indoor air quality management, construction waste management, and sustainable materials required to meeting LEED standards. The team anticipates LEED Silver status for its efforts. The project team also included Elkus Manfredi, architecture and RG Vanderweil, engineering. Michael Crowther, vice president, J. Calnan said, "We're proud of the relationship we've developed with the Shire team over the years and look forward to continuing to provide our world-class services to this elite biopharmaceutical company."
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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