News: Construction Design & Engineering

Legislature is in full swing despite pandemic

Boston, MA Since around early April, 209 bills were filed in the Legislature addressing the myriad of issues related to the pandemic. As you would expect, many bills deal with unemployment programs, workers compensation, workplace safety, employer liability, and relief bills for families, employers, and municipalities. Certainly not all these bills will be signed into law and we must acknowledge that not all issues can be fixed by legislation. The pandemic has certainly impacted the way work will be performed moving forward, but it also creates some uncertainty about the added costs that arise from the circumstances in which we find ourselves. Work delays, increased costs, and productivity losses are part of our new normal. But how do these costs get covered? In many cases, it is the subcontractor who is providing the bulk of the labor, material, and supplies for a job. When a job shuts down or slows down, those costs only increase. It will take teamwork and collaboration among all parties to get through this pandemic and to ensure that contractors, owners, and industry partners can emerge intact.

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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