News: Owners Developers & Managers

Shawmut Design and Construction breaks ground on $41 million project for Mount Wachusett Community College

Shawmut Design and Construction joined Mount Wachusett Community College (MWCC), state officials, Architerra, and DCAMM for the ground breaking of the 80,000 s/f addition to the college. The $41 million MWCC project is slated to be completed in September 2016. Shawmut's scope of work on the project includes construction of a 44,000 s/f science addition and new greenhouse, as well as a 36,000 s/f renovation to create a 150-seat event space. The team will also relocate student advising services and offices, bathroom upgrades, MEP upgrades, and ADA improvements. Shawmut used Lean Construction practices during the preconstruction phase to manage design decisions and deliverables and is targeting Massachusetts LEED Plus Silver Certification upon the completion of the project. Shawmut Design and Construction is a $968 million national construction management firm with a reputation for completing extremely complex and logistically challenging projects for the most high-profile clients in the industry. As an ESOP (employee-owned) company, Shawmut has created a culture of ownership, proactive solution-making and forward thinking. Eighty percent of its business comes from repeat clients proving there is a strong focus on building lasting partnerships. Shawmut's unique business model allows project teams to better service clients by focusing their specialized expertise within one of the following areas: academic, tenant interiors, cultural & historic, healthcare & life sciences, hotel, restaurant, retail, and sports venues. Shawmut has offices located in Boston, Providence, New York, Miami, Las Vegas, and Los Angeles.
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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