News: Construction Design & Engineering

President's message: A time of memorable change

Year end is usually a time to check inventory levels, prepare for tax-related problems, clean up old receivables and plan for the unexpected. These are still important but pale in comparison to the challenges we now face dealing with the turmoil in the construction industry and the economy in general. No question, 2008 has been a roller coaster ride, and 2009 promises more of the same. Fortunately for ASM, 2008 has been a very good year. We welcomed our 400th member this fall, reaching a goal that several years ago seemed almost unthinkable. What is most impressive, though, is not our size, but the extent of our reach into every corner and trade of the multi-billion dollar Massachusetts construction industry. You need only look at any subcontractor list to appreciate how the members of ASM dominate the region's major projects and are truly the leaders in our industry. To better serve the members, we have launched a new website and expanded our educational offerings and business resources. In the political realm, ASM has taken the lead on subcontractor-related issues, fighting the slow erosion of contract rights and promoting legislation to inspire a more efficient construction market. ASM has been the strong voice that subcontractors need at times like these. For the past two years, I have been privileged to be president of ASM. At our biennial dinner gala recently, that honor passed to the capable hands of Sara Stafford. I am sure under Sara's leadership, ASM will continue to experience great success and help speed the return to better times for all of us. Scott Packard is the 2008 president of the Associated Subcontractors of Mass., Boston.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
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