News: Construction Design & Engineering

Margulies Perruzzi Architects to design 25,000 s/f Gray, Gray & Gray headquarters

Margulies Perruzzi Architects (MPA) has been selected by accounting firm Gray, Gray & Gray LLP to design the company's new corporate headquarters. Gray, Gray & Gray will relocate to 25,000 s/f at 150 Royall St. when the interior fit-out is complete in early July. Colliers International represented Gray, Gray & Gray in the transaction, and Babson Real Estate Advisors represented landlord OneBeacon Insurance Group. Erland Construction is the construction manager, and RDK Engineers is providing mechanical, electrical, and plumbing consulting services. Having outgrown its previous space in Southwest Park in Westwood,, Gray, Gray & Gray will take space in the building owned by OneBeacon Insurance Group. Margulies Perruzzi Architects designed the 280,000 s/f building's interior for OneBeacon in 2006, with amenities including an open, light-filled 350-seat atrium and interior urban park, fitness center, concierge, and full-service cafeteria with dining room. Gray, Gray & Gray's new space within this building will feature workspace for 120 employees, a two-story atrium reception area, conference center with six meeting rooms, and a client café. Careful attention was given to design this space to reflect the culture and spirit of Gray, Gray & Gray, in addition to adding accent colors and graphic elements reinforcing their corporate branding strategy. In the spirit of sustainability, Gray, Gray & Gray made a concerted effort to recycle and repurpose as many of the existing building features and elements as possible.
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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