News: Construction Design & Engineering

Richmond Group building 35,000 s/f of laboratory and office space for Boston Heart Diagnostics

Boston Heart Diagnostics will be adding an additional 35,000 s/f of laboratory and administrative office space at 200 Crossing Blvd., in a building owned by National Development. The general contractor for this project is The Richmond Group and architects is Lab / Life. Science. Architecture, Inc. The town of Framingham has a reputation for nurturing start ups and helping them grow into major corporations," said Arthur Robert, director of the town of Framingham's Division of Community and Economic Development. "Boston Heart Diagnostics is a prime example of how a small start up using the latest in cardiovascular disease diagnostics to help keep people healthy can mature into a major business in Framingham." The company, which was founded in Framingham in 2007, currently occupies 71,000 s/f of space at two locations in the town. With the expansion, Boston Heart Diagnostics will eventually inhabit 111,000 s/f. The company has grown from just three employees at its founding to more than 350 employees currently and will continue to hire in conjunction with this expansion. "It is rewarding to see a homegrown company like Boston Heart Diagnostics grow and expand," said Jack O'Neil, managing partner of National Development. "It is also exciting to see renewed interest from the healthcare services community in the variety of office space that Framingham has to offer."
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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