News: Front Section

Jewett Automotive Design contracted by Irwin Automotive for construction of new Hyundai dealership

Jewett Automotive Design & Construction has contracted with the Irwin Automotive Group for construction of its new Hyundai dealership at 446 Union Ave. The project consists of upgrades and renovations to an existing 16,000 s/f single-story masonry and steel framed building for a new auto showroom, offices and service department. Exterior renovations include installation of the new Hyundai gateway and new glass and aluminum storefront. Additional work includes new structural steel and interior masonry walls; ceiling systems; tile, carpet and all finishes; design/build fire sprinkler systems; and plumbing and electrical systems. Jewett Automotive Design and Construction has built and/or renovated more than 40 dealerships over the past several years. It is a division of Jewett Construction Company, Inc., a Raymond-based design-build/construction management firm specializing in commercial and industrial projects throughout the northeast. Other recent automotive clients include Foss Motors, Team Nissan, Olsen Cadillac, and repeat customers the Melkonian Group, Tulley BMW and the Grappone Automotive Group. Additional information about the firm can be found on its web site: www.jewettautomotive.com.
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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