News: Construction Design & Engineering

Mayor Walsh addresses over 200 ASM members via webinar

Boston, MA Since mid-March, ASM has worked hard providing the most current information to members and advocating on Beacon Hill. Over these past 16 weeks ASM has conducted 17 webinars or online seminars - certainly a record for our Association. On a recent webinar, mayor Martin Walsh, along with several of his senior staff addressed over 200 ASM members. The topic of discussion was construction safety and the reopening of construction. The mayor spent a considerable amount of time responding to questions- questions that no one, either in government or industry would have imagined four months ago. Because of the emphasis on safety by the mayor, the governor and other leaders, construction in Massachusetts seems to be getting back on track. Although we all hope this trend continues, the long-term impacts of the pandemic remain unknown. Questions remain about jobs in the pipeline. Will owners and developers keep plans at the white-hot pace that we saw until March? There is much still unknown but there is optimism about the direction we are headed.

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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