News: Spotlights

John Hancock's old headquarters earn LEED Gold

Before the Hancock Tower, or the LEED Platinum headquarters in the Seaport District were built, John Hancock was firmly rooted to one block in the Back Bay: first with an eight-story, 428,000 s/f building completed in 1928 at 197 Clarendon followed by a new building in 1949 at 200 Berkeley with 763,000 s/f in 26 floors, topped with a landmark weather beacon. Having a property management group committed to environmental responsibility, John Hancock undertook U.S. Green Building Council LEED Certification for all its Boston offices, and achieved gold with its older gems. In addition to adding a new chiller plant and upgraded lighting (fluorescent bulbs, motion sensors), the properties benefitted from documenting Hancock's existing systems and procedures including an ergonomics program in place which earned the buildings innovation credit. Building on LEED Certification, John Hancock continues to look forward in its commitment to the environment and has just purchased Green-e renewable energy.
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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