News: Front Section

MassDevelopment and the Massachusetts Cultural Council provides $75,000 for renovations to the Old State House

MassDevelopment and the Massachusetts Cultural Council have provided a $75,000 Cultural Facilities Fund grant to The Bostonian Society, which is dedicated to the comprehensive restoration and reinterpretation of the Old State House. The Bostonian Society will use proceeds to complete the restoration and repairs to the west façade of the Old State House, re-pointing brick work, rebuilding the chimney, repairing windows, and repainting the wooden elements. "MassDevelopment is pleased to work with the Massachusetts Cultural Council to provide this grant to The Bostonian Society," said MassDevelopment president and CEO Marty Jones. "Restoration and repairs to the Old State House preserve this landmark of prerevolutionary America, keeping it well-maintained and attractive to residents and visitors." Built in 1713, the Old State House was a critical center of revolutionary activity between 1760 and 1776. It was the site of the Boston Massacre in 1770. In July 1776, the Declaration of Independence was first read to the citizens of Boston from its balcony. The Old State House celebrates its 300th birthday this year. "A 300-year-old building requires constant care," said Brian LeMay, president of the Bostonian Society. "This generous grant from MassDevelopment and the Massachusetts Cultural Council demonstrates clearly their understanding of the importance of this irreplaceable cultural asset we have right here in downtown Boston." MassDevelopment and the Massachusetts Cultural Council administer the Cultural Facilities Fund, an initiative of the Commonwealth to increase public and private investment in cultural facilities throughout the state. Created by the Massachusetts Legislature in 2006, the fund offers capital grants, feasibility and technical assistance grants, and systems replacement grants for eligible nonprofits engaged in the arts, humanities, or interpretive sciences. The fund has awarded more than $55 million in grants to cultural organizations across Mass.
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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