News: Front Section

RDK Engineers buys PWI Consulting Engineers

RDK Engineers, a Mass.-based, nationally-active building systems engineering company ranked as one of the top engineering firms in the U.S., has added two new offices, through their acquisition of PWI Consulting Engineers - Southeast. PWI, which will now be called RDK Engineers of N.C. (RDK Engineers NC). RDK Engineers NC's Durham and Charlotte offices have a strong focus and significant expertise in the Healthcare and Institutional marketplaces, two areas in which RDK as a company already has experience and has had growth in recent years. Clients added through the acquisition include Duke Univ.,Duke Univ. Medical Center, the Univ. of N.C., UNC Healthcare, N.C. State University, Rex Healthcare and the Carolinas HealthCare Systems. "RDK's vision to expand our service area by adding offices outside of the Northeastern and Mid-Atlantic regions in strategic markets made PWI Southeast a perfect fit for us," said RDK principal Chris Cummings. "The addition of RDK Engineers NC to the RDK Engineers organization provides a strong technical and client service platform for our business, staff and clients to grow in the North Carolina region and beyond, in the Healthcare and Institutional markets as well as in the other sectors we serve. We look forward to not only maintaining, but increasing our level of service and personal attention to both our existing and our new clients, while continuing to build upon our successes and healthy rate of growth."
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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