News: Front Section

M.C. Andrews Co., Inc. contracted to build new $2.4 million Cafua Management, LLC building

M.C. Andrews Co., Inc. (MCA) has been contracted to build the new $2.4 million Cafua Management, LLC building. The building is located at 280 Merrimack St. The architect for the project is James D. Smith Architect, AIA of West Barnstable, Mass. MCM will be in charge of the new group up construction of the 40,000 s/f property. Cafua will occupy 20,000 s/f for their corporate headquarters, while the other 20,000 s/f with be divided into five potential commercial tenant spaces. Architect James Smith, said the following about working with MCA, "I have said from the start that I felt you personally and your company's approach to the project stood out from the first time I met you at a pre-bid meeting. Your enthusiasm and the effort you had put into studying the plans ahead of time were unique and after the meeting the owners and I were hoping your numbers would be the best so you would get the job, which thankfully you did. I have worked with dozens of construction companies like yours and have rarely found anyone as easy to work with as you. You have never looked for excuses to charge for extras but instead smoked out items that the rest of us had overlooked and gave me and the owners the opportunity to revisit the plans or find better and more economical ways to build the building. When the inevitable surprises have come along as the building has been under construction you have been outstanding at coming up with immediate solutions and the project has never been delayed as a result. It has been a real pleasure to get to know you and many of your people. You all make the job site a fun place to be and I am looking forward to working with you again many times in the future." Project Team included: Owner: Cafua Building. General Contractor: M.C. Andrews Co., Inc. Architect: James D. Smith Architects, AIA Drywall & Framing: Metro-Walls Roofing, Gutters & Downspouts: Aspen Roofing Services, Inc. Painting: APC Services HVAC: Correct Temp
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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