News: Green Buildings

NAIOP selects Boston Properties for Sustaniable Development

NAIOP, the Commercial Real Estate Development Association, has selected Boston Properties as the recipient of its annual Sustainable Development Award. Boston Props. is being honored for the Atlantic Wharf project, a mixed-use building. The Atlantic Wharf project was selected for the innovative use of sustainable elements, including: • A rain harvesting system that captures stormwater and reuses it for both HVAC and irrigation • A green roof on the majority of the Waterfront building roof to reduce the non-roof heat island effect • Re-use and integration of 41.8% of the existing historic structures that were on site • Energy efficiency measures include an improved thermal envelope, high efficiency glazing, a high efficiency boiler, and garage ventilation controls • An insulated glass curtain wall maximizes natural day light while also contributing to a thermally efficient envelope • 100% of the metal waste (structural steel) was recycled or re-used The construction waste management plan successfully diverted more than 95% of the waste generated from the projects from landfills ”We are thrilled to receive this honor from NAIOP,” said Bryan Koop, senior vice president and regional manager for Boston Props. “Building Atlantic Wharf as Boston’s first green skyscraper proves that successful development can be done with a conscious regard for the environment.” The award was presented during a special ceremony on October 24, at NAIOP’s Development ‘12: The Annual Meeting for Commercial Real Estate, in Washington, D.C. “This project exemplifies the dedication of our members to create innovative and sustainable projects that contribute value not only to the developments themselves, but to the communities they serve,” said NAIOP president and CEO Thomas Bisacquino. NAIOP established the Sustainable Development Award in 2005 to recognize the growing number of firms engaged in green development. NAIOP and its member companies are committed to developing model properties adhering to the highest standards in the industry and believe that socially conscious development is essential to the economic vitality of the industry. Applicants were judged on a number of criteria, including company commitment to sustainability, project history, economic analysis, water efficiency, energy efficiency, accessibility, innovation and other sustainable attributes. Entries for the award were reviewed by industry leaders. In 2012, the Sustainable Development Award is sponsored by The JBG Cos. and USAA Real Estate Co. Previous recipients of the award include: (2011) Bissell for Boyle and Harris Office project in Charlotte, N.C.; (2010) Vulcan Real Estate for Alley24 in Seattle, Wash., and Pacific Plaza LLC for Pacific Plaza in Tacoma, Wash.; (2009) ProLogis for its sustainable distribution center for S.C. Johnson & Son, Inc., and Forest City Covington for its office building that houses Fidelity Investments at Mesa del Sol; (2008) Aardex LLC of Golden, Colo., for its speculative project, The Signature Centre, and Hamilton Partners its build-to-suit project, HSBC-North America headquarters, in Mettawa, Ill.; (2007) the Georgetown Co., New York, N.Y., for their speculative project, the Lazarus Building, and Liberty Property Trust for the build-to-suit JohnsonDiversey project in Milwaukee, Wis.; (2006) Hines for their project at 1180 Peachtree in Atlanta; and (2005) Corporate Office Properties Trust for its development at 318 Sentinel in Annapolis Junction, Md.
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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