News: Construction Design & Engineering

RDK Engineers honored by Building Design + Construction

RDK Engineers, a nationally-active building systems engineering company, has been named one of 2008's "Best AEC Firm to Work For" in the U.S. by Building Design + Construction magazine. The award is given to architectural, engineering and construction firms that excel in innovative recruitment and retention practices, professional development, workplace environment, compensation/benefits and business practices. Featured in BD+C's March issue, RDK was especially noted for its entrepreneurial organizational structure, under which the company serves as an "incubator" for multi-disciplinary, client-focused teams that function as largely-independent business units. The non-traditional structure was developed ten years ago when RDK's management recognized that to maintain work quality, consistency and client service as the company grew, they needed to enhance communication between technical disciplines. "We thought the best way was to do that was to create teams that work together all the time - the same engineers, the same designers, the same CAD people, all working together to improve coordination and communication," said CEO Chris Cummings. Under the new model, each group sets its own direction and goals while the company provides financial, administrative, IT, and marketing support for the practices they operate. The groups' compensation is directly related to the profits they generate from the work they bring in and complete. The structure not only energized and provided new opportunities for existing staff, but also allowed RDK to attract top engineering and business talent who established new groups with new service offerings in new geographic locations, including Boston and Amherst, Mass. and New Brunswick, N.J.
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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