News: Construction Design & Engineering

New standard document available for green building projects

A comprehensive new standard contract document has been released to the industry this month to help bring order to the design and construction of green buildings. The new document, known as the ConsensusDOCS 310 Green Building Addendum, is the first of its type and is designed to clarify the roles and responsibilities of all parties to the project, and thereby avoid delays and legal hassles. The document responds to the surging demand for green buildings, expected to exceed 25% of commercial and institutional projects by 2013. It was developed by a team of professionals representing every part of the construction process. It was written to integrate with ConsensusDOCs contracts or any other contract forms. ConsensusDOCs contracts are the only standard contracts endorsed by 23 leading construction organizations, including the National Subcontractors Alliance, of which ASM is a member.
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Columns and Thought Leadership
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