News: Construction Design & Engineering

Shawmut Desigm and Construction awarded 46,000 s/f UMass. Amherst dining hall

Shawmut Design and Construction has opened its newest office located at 1111 Elm St. Shawmut's scope of work in western Massachusetts will initially focus on the area's educational sector. "Having worked for a number of years on educational projects in this part of the state, including Mount Holyoke College, Amherst College, and Westfield State University, we couldn't be more excited to finally take the next step and officially expand into West Springfield," said Tom Goemaat, CEO of Shawmut. "This is an exciting time of unprecedented growth for our company, and we look forward to continuing our work in the Academic sector." Coinciding with the launch of its West Springfield location, Shawmut has been awarded two complex Academic sector projects: UMass Amherst's Hampshire Dining Common and the new Greenfield High School. The Hampshire Dining Common, set to be completed in August, consists of a 46,000 s/f renovation of the space centered around several food stations, as well as a new "back of house" kitchen area. The new multi-year Greenfield High School project is expected to begin in May 2013 and be completed prior to the 2015 school year. Shawmut's upcoming projects with UMass and Greenfield High School only further the company's growing academic group. The company's previous work within this sector includes projects with Harvard University, the University of Hartford, Worcester Polytechnic Institute, and Yale University, among others.
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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