News: Construction Design & Engineering

Project of the Month: Integrated Builders renovates 300,000 s/f in Salem for Comcast, CCS Cos. and Nora Flooring Systems

Integrated Builders (IB) has completed base building upgrades and 300,000 s/f of renovation at a former 600,000 s/f Digital Plant. IB was hired by Equity Industrial Partners. Integrated Builders in conjunction with Maugel Architects, McKenna Architects, and Engineered Systems converted a single user building into a multi tenant facility. Base building upgrades included new exterior glass, entrances, lobbies, common bathrooms, a cafeteria and a health club. The single plant chilled water and boilers were replaced with packaged roof top units. Separate services for electric and gas were also installed. These new amenities have attracted a broad range of high quality tenants including Comcast, CCS Companies and Nora Flooring Systems. Integrated built out 100,000 s/f, 90,000 s/f and 100,000 s/f of space for these companies respectively. One of the unique aspects of this project is the construction of a Courtyard in the middle of the building. IB removed 3 bays of roof, steel and concrete totaling 3,600 s/f and installed glass walls with new landscaping. "We are pleased to have been the construction manager for this project," said Jay Dacey, president of Integrated Builders. "We enjoyed working with long time industry client Equity Industrial Partners and all the other project teams involved in this project."
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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