News: Northern New England

Portwalk receives Visualizing Density Award from NHHFA and Plan NH

Portwalk, a master planned 450,000 s/f mixed-use development in downtown, has received the Visualizing Density Award 2012 for "best urban design." The New Hampshire Housing Finance Authority (NHHFA) and Plan NH sponsored the Visualizing Density awards to site excellent examples of residential and mixed-use developments at a range of densities throughout N.H. Cathartes Private Investments is the owner and developer of Portwalk and Pro Con Inc was the architect and construction manager for the multi-phased project, which includes a Marriott Residence Inn, a Hilton Garden Inn, The Harbor Events and Conference Center, and The Residences at Portwalk. Other design partners in the master planning of the Portwalk development included Tighe & Bond of Portsmouth, Elkus Manfredi Architects of Boston, and preliminary approvals by DeStefano Architects of Portsmouth. "We are very pleased to receive this award," said Jeff Johnston of Cathartes Private Investments. Portwalk was sited as being a good example of density because it combines location, site planning and architectural design to create a development that uses land efficiently, has a pleasing design aesthetic, promotes walking and is easily accessible to other services. The Portwalk project, which has attained LEED Gold, promotes sustainability, reduces energy use, promotes a healthy lifestyle, and reduces infrastructure costs. As part of Plan NH's Vibrant Villages NH initiative, the 2012 Visualizing Density Award winners will be recognized at the Annual Housing Conference and will become part of the NHHFA's Visualizing Density Database that will become a free resource for municipalities and developers to use.
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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