News: Northern New England

MorrisSwitzer celebrates topping out of 361,000 s/f project

The construction management joint venture between Maine-based Cianbro Corp. and Alabama-based Brasfield & Gorrie recently topped out the Eastern Maine Medical Center's (EMMC) new eight-story modernization project patient tower. The modernization project consists of a new 361,000 s/f patient tower that will support a sterile processing department, main lobby, heart center, surgical suite, NICU, and three floors of private patient rooms. The project was designed by MorrisSwitzer~Environments for Health and utilizes evidence-based design in its approach to patient-centered care. It is a Center for Health Design Pebble Project member. The project is sited to take advantage of the expansive views of the nearby river and is designed to accommodate future growth at EMMC. Completion of Phase 1 of the project is scheduled for early 2016 with the full project completion scheduled for early 2017.
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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