News: Retail

Star Market at Chestnut Hill receives GreenChill Platinum Award

According to Shaw's and Star Market, New England's second largest supermarket chain, its new store at Chestnut Hill is the first in the nation to receive GreenChill's Platinum-Level Store Certification Award for green refrigeration technology. GreenChill's Platinum-Level Store Certification is the highest award that the U.S. Environmental Protection Agency (EPA) has for supermarket refrigeration. "The EPA's GreenChill Partnership is very proud to award its first-ever Platinum-Level Store Certification Award in the U.S. to Star Market's Chestnut Hill store. This store sets a new standard for environmental responsibility for others in the industry to work to match," according to Drusilla Hufford, director of EPA's Stratospheric Protection Division. The brand-new, ozone friendly refrigeration system chills both the low temperature products such as frozen food and ice cream and the medium temperature products such as dairy, meat and produce. "The Star Market at Chestnut Hill will serve as a pilot prototype for sustainability," said Mike Witynski, president of Shaw's and Star Market. "The Platinum GreenChill award is the ultimate recognition of innovative thinking to create a cutting-edge store that incorporates the latest in green technology."
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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