News: Rhode Island

Shawmut Design and Construction receives Outstanding Sports Facilities Award for 92,000 s/f Brown University fitness and aquatics center by NIRSA

Shawmut Design and Construction is the recipient of the Outstanding Sports Facilities Award by the National Intramural-Recreational Sports Association for Collegiate Athletics (NIRSA) for its work on the Brown University fitness and aquatics center. The 92,000 s/f facility houses the Nelson Fitness Center, Moran Coleman Aquatics Center, Zucconi Center, and Ittleson Quad. The NIRSA Awards recognize innovative designs of new, renovated, or expanded collegiate recreational facilities of NIRSA member institutions that demonstrate excellence in architectural design, functionality, and appropriateness to intended purpose. "We are honored to be recognized by NIRSA for our work on the one-of-a-kind athletic facilities at Brown," said Ron Simoneau, vice president at Shawmut. The project consisted of ground-up construction incorporating an ornate brick façade and aluminum roof. The project was built with the upmost sustainability in mind, utilizing the largest hybrid solar-powered electrical and heating installation in the United States. The solar panels on the Coleman Center allow the University to generate enough power to light the building and enough thermal energy to heat the center's million-gallon pool. The facility is now on target to receive LEED Gold Certification.
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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