News: Construction Design & Engineering

Suffolk begins construction at 90,000 s/f Kroc Community Center

Suffolk Construction joined the Salvation Army of Massachusetts and state and local officials for the ground breaking for the Boston Ray and Joan Kroc Corps Community Center in the Uphams-Dudley section of North Dorchester/Roxbury. The 90,000 s/f, $33 million community center will feature a gymnasium, fitness center, chapel/theater, aquatics center, daycare center, classrooms, computer lab, art room, and prayer chapel. The Kroc Center is made possible through the estate of Joan Kroc, wife of McDonald's founder Ray Kroc, as well as local fundraising efforts. "We are honored to be working with The Salvation Army on this significant project, which will have a lasting and positive impact on the local community," said JohnFish, CEO of Suffolk Const. "Suffolk prides itself on giving back to the local community through our Red & Blue Foundation. The Kroc Center directly supports the mission of Red & Blue Foundation as it will provide our community with a wealth of educational and recreational opportunities, especially for area youth." Over the past two years, Suffolk has worked hand and hand with the local community, in partnership with the Dudley St. Neighborhood Initiative, to establish a blueprint for achieving workforce goals. Suffolk has also collaborated closely with the Salvation Army and The Architectural Team while providing pre-construction services for the Kroc Center. Suffolk is scheduled to complete the facility in 2011. Celebrating more than 25 years of transforming city skylines, Suffolk Construction Company, Inc., is one of the leading privately held building contracting firms in the country, with main offices on the east coast, mid-Atlantic, southeast and west coast regions of the country. Suffolk provides preconstruction, construction management, design/build and general contracting services and has a strong reputation for delivering challenging building construction projects in the assisted living, commercial, education, entertainment, government, healthcare, hospitality, residential and retail sectors. Suffolk employees are experienced construction professionals and are committed to client service and relationship building. They are influencers in the construction industry and in their local communities, and consistently lead by example while striving to exceed expectations with clients, partners and the people and businesses in the surrounding neighborhoods.
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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