News: Rhode Island

Still basking in the success of the Home Show

Still basking in the success of our Home Show in April, including numbers showing that 30% of attendees were first-time visitors, happenings in the Rhode Island Builders Association continue at a dizzying pace. By the time you read this, Homes for Our Troops and RIBA's Builders Helping Heroes (BHH) charity probably will have already held their groundbreaking/ribbon-cutting ceremony for the house BHH is building in Burrillville. Once finished toward the end of this year, the house will be presented, free of charge, to a Rhode Island Marine veteran who lost both his legs in the Afghan War. There, he and his wife will begin a new life. Many thanks to those who have donated or have agreed to donate some $300,000 worth of labor and materials for this worthy project. But there is still some serious cash to be raised. Please visit www.buildershelpingheroes.org to see how you can help. RIBA's legislative advocacy continues apace, and I urge every member who can to attend our Build-PAC fundraiser on June 6th at the Waterplace Restaurant in Providence. Funds raised at these events will help elect candidates who are friendly to our industry. Our legislative committee continues its hard work on a number of issues crucial to the housing industry and your business. These are only some of the things that your trade association is doing for you and for our state. In fact, your membership dues are probably the biggest bargain that you and your business get each year. Use your many member benefits! And if your subs and other industry colleagues don't yet belong to RIBA, encourage them to join. We can accomplish far more together than we ever could alone! Membership information is online at www.ribuilders.org. Felix Carlone is the president of the Rhode Island Builders Assn.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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