News: Construction Design & Engineering

LaRosa of Tocci Building Companies elected to Construction Financial Managers Association as chairman of membership committee

Bud LaRosa, chief business performance officer, Tocci Building Companies (Tocci), has been elected to the Construction Financial Managers Association (CFMA) board of directors. LaRosa will serve as the chairman of the membership committee in the Massachusetts Chapter for four years. The membership committee focuses on the CFMA experience at the individual level. In LaRosa's new role, he will help drive the organization's overall mission by assisting in bringing together financial professionals from the building, design, and construction industries. Additionally, he will be responsible for overseeing the review of membership classifications, initiatives, and programs. "Our team is dedicated to giving back in both personal and professional endeavors, which are key components to our continued success," commented John Tocci, chief enabling officer at Tocci Building Cos. "We are proud that Bud has been elected to this prestigious position and are confident that he will have a strong and lasting impact in his role as chairman of the membership committee." The CFMA's Massachusetts Chapter is dedicated to promoting and facilitating educational programs, allowing its members to be at the forefront of the construction industry. CFMA associates are encouraged to foster relationships within the organization to gain relevant knowledge from their peers and utilize this information throughout their professional careers. Additionally, the chapter seeks to advance the construction industry workplace by providing annual scholarships to students pursuing an undergraduate degree in Finance, Engineering, Architecture, and Project Management.
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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