News: Construction Design & Engineering

Pandya of CBT appointed to BCA board of directors

Haril Pandya, AIA, LEED AP, architect and principal with CBT, was recently appointed to the board of directors of The Boston Center for the Arts. "The energy and expertise that Haril brings to the BCA offer a wonderful addition to the current talents of our Board," said Chairman Philip W. Lovejoy. "Haril's accomplishments in the design community will add a wonderful layer of new skills, ideas and insights to the BCA's dynamic leadership." Pandya has managed and led several significant projects for clients across a number of industry sectors. These include multiple downtown commercial office repositioning projects totaling $150 million for The Blackstone Group, Equity Office, Brookfield Properties and Pembroke Real Estate. Several of these projects have won design awards. In 2009, Haril was one of eight recipients nationally of the American Institute of Architects (AIA) Young Architects Awards - the highest recognition for architects who have been licensed for 10 years or less. In 2008, he was recognized by Building Design + Construction as one of the magazine's "40 under 40" leaders in the design and construction industry. Haril has been featured in 2010 and 2011 in Banker and Tradesman and the Boston Business Journal as an upcoming "Emerging Leader." As part of his professional association experience, he served as the youngest elected member on the Board of the Boston Society of Architects, and as President and Chair of YPAC, the Young Professional Advisory Council. Recently, Haril wrote and produced a humorous marketing short film for and about CBT, called "CBT Delivers." This short film won a national SMPS Marketing Award for creativity.
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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