News: Green Buildings

Renewable Sales, Evergreen, Solectria and Ostrow chosen for Mass. 11,000 photovoltaic project

Renewable Sales, LLC of Holliston was recently chosen to deliver over 2 megawatts (MW) of photovoltaic (PV) systems to 15 Massachusetts facilities. The venture, which will put 11,000 PV modules into use, is currently the Commonwealth's largest solar power project. "This project is a worthy investment for the citizens of Massachusetts. It supports good jobs for workers right here in Massachusetts, and these solar arrays will produce clean electricity for decades to come," said Kevin Price, president of the firm. Among the sites being upgraded are the Department of Conservation and Recreation, the Norman Smith Environmental Education Center at Chickatawbut Hill, and community colleges and universities across the Commonwealth. Funded by the American Recovery and Reinvestment Act (ARRA), the project is a major step toward achieving Governor Patrick's goal to install 250 MW of solar power energy by the year 2017. In all, the Commonwealth has dedicated over $160 million of renewable energy and federal funds to support investment in solar energy totaling almost $330 million. Other Massachusetts-based companies round out the project team: Evergreen Solar of Marlboro manufactures the PV modules at its facility in Devens, Solectria Renewables, LLC of Lawrence produces the inverters and Ostrow Electric Co. of Worcester will install the equipment. "The renewable energy sector is a bright spot for jobs in Metro West and the worker training available here will give even more people a chance to participate. Projects like this and companies like Renewable Sales are going to lead Massachusetts back to prosperity," said Senator Karen Spilka, Chair of the Committee on Economic Development and Emerging Technologies. Spilka represents the 2nd Middlesex and Norfolk District. Renewable Sales, which opened its doors in 2008, features a showroom and classroom. They provide products, consulting services and training to licensed contractors in New England, New York and Pennsylvania. Price applies 28 years of wholesale distribution experience in the construction sector to the solar energy market.
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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