News: Front Section

Suffolk celebrates topping off of $300m project at Logan Airport

Suffolk Construction, one of the leading privately held construction management firms in the country, recently celebrated the topping off of the 50-acre Rental Car Center at Boston's Logan International Airport. Suffolk is managing construction of the Massachusetts Port Authority's $300 million complex to consolidate Logan's rental car facilities. The Rental Car Center project (formerly titled the Consolidated Rental Agency Complex or ConRAC) includes construction of a four level, 1.2 million s/f precast parking garage and 112,000 s/f customer service building that will house all rental car companies and their vehicles serving Logan in one convenient location. Maintenance/storage areas for rental car operations, referred to as quick turnaround areas, will provide fueling, car washing, and cleaning facilities as well as vehicle storage. While the construction of these buildings is a significant undertaking, it is only a component of the project scope, which also includes a reconfigured taxi pool, roadway and intersection improvements, site access improvements, and landscaping. The individual rental car bus fleet and Massport shuttle bus fleet will be consolidated from more than 100 buses to just 28 with alternative fuel buses. The new bus fleet will help to alleviate road and curb congestion for a better customer experience, and reduce vehicle emissions to better our environment. To accommodate the project, the existing Gage Gourmet flight kitchen has been demolished and the bus/limo pool and taxi pool have been temporarily relocated to another area in the airport. Construction of ConRAC began in June 2010. Beneficial occupancy is scheduled for late this year, while construction will be completed September 2014. Suffolk Construction is one of the most successful privately held building contractors in the country. With annual revenue of $2 billion, Suffolk provides preconstruction, construction management, design-build, and general contracting services to clients in the healthcare, science and technology, education, federal government, and commercial sectors. This year, Engineering-News Record ranked Suffolk #40 on its national list of "Top 400 Contractors" and #17 on its list of "Top 100 CM At-Risk Firms." Suffolk's corporate office is based in Boston, and the company has a strong national presence with main offices throughout the Northeast, Mid-Atlantic, Southeast, and West regions. Suffolk is committed to delivering its "build smart" approach to construction management on every project. The company's project teams provide clients comprehensive planning services, innovative solutions and technologies, andproven processes, such as Building Information Modeling (BIM), to deliver the most complex building construction projects on schedule and on budget, withminimal risk. Suffolk is a community-conscious organization dedicated to environmentally friendly and sustainable business practices, and is committed to making a positive impact in its local communities through grassroots volunteer work,employee fundraising, and corporate giving.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.