News: Rhode Island

RI-GBC begins March fundraising campaign

The RI Green Building Council is looking to raise $30,000 of capital that will allow it to continue offering education and training programs, outreach to community groups and schools, advocacy related to strengthening the green economy and its signature Virtual Green Marketplace portal. In the spirit of March Madness, Connie McGreavy, founder and executive director, is executing a full court press with the goal of raising the funds in 30 days. "Our constituent groups are clamoring for information and services to help them implement green technology 'yesterday', not only to cut costs and save money but to be stewards of the environment", McGreavy said. As the Ocean State's primary information source for green building, the organization has been deluged with requests. To keep up with demand, the young chapter's goal is to scale up to a 3-5 person organization, increase volunteerism and grow financial capacity. "Basically, a group of founding members has taken the ball and we are running hard and fast with it", said McGreavy. The typical target audience is a LEED Accredited Professional and others who make their living in the design/build sector. However, because of the economy, this industry is challenged, necessitating outreach to owners of green buildings, other corporate leaders and sustainably-minded individuals who relate to the cause and are better positioned to invest in the chapter. The primary mission of the RI Green Building Council, a 501(c)(3) nonprofit, is to transform the way buildings are designed, built and operated in order to promote environmentally responsible, healthy and durable communities that protect the state's cultural heritage and quality of life. The chapter is hosted at the New England Institute of Technology in Warwick. To learn more and to donate today, visit www.usgbcRI.org
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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