News: Northern New England

Pro Con begins construction for new Market Basket Store

Construction is underway for a new Market Basket store located at the corner of Elm and West Auburn Sts. RMD Inc. is developing the store for Demoulas Super Markets Inc. and the Market Basket stores. Prellwitz/Chilinski Associates Inc. is the project architect and Pro Con Inc. is the general contractor for the project. The new store will be located on a 10.7 acre site that was most recently home to Rockwell Automation Inc.'s Allen Bradley Plant. As part of the extensive renovation project, Pro Con demolished a portion of the structure including exterior walls and the existing concrete slab. Pro Con is planning to recycle 95% of the demolished construction waste material from the former building, diverting tons of debris from landfills. Pro Con began the demolition work in March and site work, which will use the crushed recycled materials as fill, began in May.
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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