News: Green Buildings

Revolution Energy LLC installs 2,000 solar panels for The EDGE Sports Center

The EDGE Sports Center has broken ground to add a second ice hockey rink as well as two outdoor synthetic athletic fields with a winter air supported structure to its already existing ice rink and athlete training and physical therapy center. The EDGE is also doing its part to reduce its environmental footprint with the commissioning of its solar photovoltaic (PV) array on the roof of the existing facility. In partnership with Revolution Energy LLC, the EDGE is expecting to generate 575,000 kilowatts a year from almost 2,000 solar panels from its PV array and become a model for sustainability for athletic facilities in New England. The construction cost is $2.5 million. Founding member and land use attorney / landscape architect Brian DeVellis, of Lombardo DeVellis & Smith LLP responded to a Request for Proposal from the Mass. Ports Authority on behalf of the EDGE in 2011. Following award of the RFP, DeVellis negotiated the land lease with Massport, led the team on the design and permitting efforts and is currently overseeing the buyout and construction efforts for the EDGE. The current construction consists of converting the former existing indoor turf building to a second ice rink as well as constructing the two outdoor lighted multi-sport turf fields with additional parking on seven acres adjacent to the existing rink. When completed fall 2012, the EDGE Sports Center will be comprised of the following recreational and athletic facilities; * Two NHL sized ice rinks * Two full sized lighted outdoor turf fields * Three indoor winter turf fields under an Air Supported Structure * Expanded strength and conditioning center * Physical therapy practice.
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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