News: Green Buildings

National Grid nears completion of Haverhill solar farm

Construction on National Grid's new, five-acre solar farm on Hilldale Ave. is nearly complete. The farm, which broke ground last August, will produce enough electricity to power 175 to 200 households every year. The farm is National Grid's biggest solar farm in Massachusetts this year. Its other three farms are located in Whitinsville, which opened last summer, and in Everett and Revere, both scheduled for completion by the end of this month. National Grid also plans to build a fifth solar farm in Dorchester next year. The company estimates the combined cost for the five farms at approximately $31 million. National Grid says that by the end of the year, the farm will be producing 3.5 megawatts of electricity, making the company the largest owner of solar generation in the state in 2010. The farm will have 3,670, five by three foot solar panels. The site was site previously owned by a 19th century-era coal-to-gas manufacturing plant to store gas, but has been empty since the early 1970s. Once complete, National Grid plans to plant bare areas around the farm with shrubs and grasses to make it more aesthetically pleasing and to better blend it in to the surrounding residential area, which is located just outside Lafayette Sq. Customers will need to pay approximately 6 cents per month over the life of the Haverhill farm in order to fully pay for it.
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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