News: Spotlights

National Grid helps build greener buildings with new construction services program

As part of its mission to enable customers to take control of their energy usage, National Grid has launched an updated energy efficiency program to support design of high-performing new commercial and industrial buildings in Massachusetts and Rhode Island. The New Construction Program provides professionals involved with building design, construction, ownership or operation with an array of energy-saving resources, financial incentives and training designed to help lower building operating expenses, reduce emissions and optimize performance. National Grid's New Construction Services are available for most types of non-residential buildings larger than 10,000 s/f, including commercial, industrial and institutional projects. The program's Whole Building Approach provides energy efficiency support for ground-up new construction, as well as major gut renovation projects that are building code triggering. Participating projects receive technical and design assistance as well as financial incentives for both owners and the design team. The Whole Building Approach offers two different options - the Integrated Design Path and the Advanced Buildings Path - that require early collaboration between National Grid and the design team preferably in the conceptual or schematic design phase. Besides falling within the definition of "New Construction", project eligibility also requires for the building owner to become a commercial and/or industrial customer of National Grid in Massachusetts or Rhode Island. For more information on the program, visit www.myngrid.com/tradepro, or to discuss a specific project, call 1-844-280-4326, or send an email to EENewConstruction@nationalgrid.com.
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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