News: Construction Design & Engineering

President's message: ASM continues business as normal

Summertime, and the living is easy. So they say, but not this year! Summer 2009 presents special challenges for all businesses, construction ones more than most. Uncertainty is the order of the day - as we wait for credit markets to improve, for unemployment to stabilize, for consumers to start spending, for federal stimulus to fulfill its promise. Even as we wait for the turnaround, however, we continue business as usual here at ASM, as our way of helping to spur recovery. This means, first and foremost, seeking support on Beacon Hill for measures that address subcontractors' economic concerns. We were pleased to win a small victory for subcontractors recently in connection with the sales tax increase (see more on this below), and we are working hard now to get support for measures to ensure subcontractors get paid for their work - guaranteed to be a stimulus in itself. On other fronts, we have just published a buyer's guide with special offers and cost savings for members. The recent issue of our magazine, and the one coming next, will be full of practical business advice for today's market conditions, as will the educational programs we have in the works for the fall. Times are challenging, to be sure, but ASM is here to help, and we encourage you to take advantage of the resources available to you this summer and throughout the year. Sara Stafford is the president of the Associated Subcontractors of Mass., Boston.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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