News: Northern New England

North Branch Construction begins construction on 21 units in Lebanon

Construction is well underway on the site of the future Rivermere Community Housing. North Branch Construction of Concord began construction in July of two buildings that will provide a total of twenty-one affordable rental units along the Mascoma River. Sitework is complete for the season as insulation and drywall installation continues in Building 1, which will provide seven 2-bedroom townhouse units. Framing and roofing for Building 2 are expected to be complete in early February 2013. Building 2 includes fourteen 2-bedroom townhouse units and two ADA accessible 2-bedroom apartment units, as well as a community room with laundry facilities. Construction will continue straight through the winter with an anticipated completion in June 2013. Rivermere Community Housing is owned by Twin Pine Housing Trust and the project is being funded by the New Hampshire Housing Finance Authority (NHHFA), USDA-Rural Development, and the CDFA/CDBG - City of Lebanon. George Hickey Architect of Sanbornton, N.H. is providing architectural services for the project.
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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