News: Construction Design & Engineering

State Electric Corp starts $3.5 million electrical construction project at Lesley University: Team includes Bruner/Cott, Moriarty and Van Zelm

State Electric Corp. has been awarded and is in early phase electrical construction of Lesley University's, College of Art & Design project on Massachusetts Ave. in Porter Sq. The new $46 million Lunder Arts Center, a project for the college, integrates modern design and historic architecture. A contemporary four-story structure will connect to the historic former North Prospect Church by a three-story, glass wall commons. The commons will serve as the entrance to the Arts Center, opening to a plaza on Mass. Ave. The former church was relocated in November to a lot adjacent to the new facility, and in an adaptive reuse project will undergo an extensive restoration and renovation to incorporate an arts library and art studios. The Lunder Arts Center will house classrooms, studios, digital and other labs, faculty offices, and flexible spaces for collaborative work. The ground floor will feature art exhibition spaces, designed to invite the public and enliven the streetscape. State Electric's electrical project scope includes providing the facility's primary and emergency power, lighting and lighting control systems, and fire alarm system installations. The NECA contractor is currently providing temporary power to the site. SEC project manager Chris Mahoney and foreman Mark Federico are managing the project with an electrical field crew expected to reach upwards of 14 Local 103 electricians and technicians at peak construction. The complex project is scheduled for completion in October 2014. The Lunder Arts Center, designed by Bruner/Cott & Associates, will be built to meet LEED Silver certification standards. John Moriarty and Associates is the project's general contractor. The project is partially funded by the Mass. Cultural Facilities Fund.
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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