News: Construction Design & Engineering

JLL completes $30 million renovation of 62,930 s/f Boston YMCA

JLL's Project and Development Services (PDS) group has completed the $30 million renovation of the Huntington Ave. YMCA. The 62,930 s/f, 24-month project included the demolition of an outdated pool and squash courts, which were replaced with a new 23,000 s/f addition containing a gymnasium, aquatics center and squash courts. The project also involved the complete renovation of the remaining YMCA including executive and administrative space, aerobics and fitness center, classrooms and an after school program facility. The project was essentially "landlocked" due to the construction of a 17-story dormitory at the rear of the site, requiring intensive coordination and schedule management. The YMCA remained open to the public and the YMCA's membership grew during the life of the project. The team also accomplished preserving the YMCA's 1912 construction, which is listed on the National and State Register of Historic Places, while ensuring usability for a 21st Century population. The JLL team consisted of managing director Dermot Roe, senior vice president Michael Connelly and associate project manager Elizabeth Bruce.
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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