News: Construction Design & Engineering

Proficient Builders renovates Rader Properties' building into new 36,000 s/f office space for South Shore Hospital

Rader Properties contracted Proficient Builders to convert their 36,000 s/f Reservoir Dr. building into offices for South Shore Hospital. Jim Taylor, president of Proficient Bldrs., assembled and managed a team of contractors for this project. Jim Rader, president of Rader Props. said, "The job was done on schedule and on budget, the quality of work was terrific." Design was provided by Roth & Seelen, Inc. Weekly project meetings run by Taylor included Rader and Lisa Nisbet and her team from South Shore Hosptial. These meetings provided the venue for all issues and concerns to be addressed immediately so that the schedule and budget of the project were not impacted. Some interior features of this project included a meeting/board room, audio visual room, new security system, server room with separate cooling and over 800 linear feet of cable tray installed throughout. A new employee rear entrance and 25 new exterior windows were cut into existing masonry walls, all of which required reinforced structural steel. Additional structural steel was needed for new folding partition walls. The number of new offices required rework of exiting HVAC and additional roof top units. HVAC, sprinkler, plumbing and electrical work were all design build systems. Externally the site work included a new storm water wetland system and drainage, new parking lots with lighting and new concrete walkways in the front and rear of the building. Taylor said, "Having true integrity and years of construction experience allows for knowledge of great resources and building the workmanship of a selective, elite team"
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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