News: Front Section

Suffolk Construction celebrates re-opening of Blue Hill Club

Suffolk Construction's project team joined Mayor Thomas Menino and members of the Boys & Girls Club of Boston to celebrate the re-opening of the George Robert White Youth Development Center/Blue Hill Club. Suffolk completed a renovation and expansion of the club to better serve at-risk youth and their families. "This new facility will surely become a safe haven where children can grow, develop and reach their full potential," said John Fish, CEO of Suffolk. Following the $7 million expansion, the facility can now accommodate 350 club members each day and features a new teen center and a pre-teen lounge. The club also has a rebuilt swimming pool − now enclosed in a glass atrium with a roof that opens electronically to the sky, a music studio, a fitness center alongside the gymnasium that now features a climbing wall and ropes course, and an upgraded commercial kitchen to serve more than 200 meals weekly through Kids Café. Outside, basketball courts look new with their resurfaced playing area. Nearby gardens provide an opportunity for urban youth to try gardening. As part of its work on the Blue Hill Club, Suffolk expanded and renovated the building from 25,854 s/f to 44,507 s/f. During the past year, the club operated regular programs while under construction. The work was completed on budget in July.
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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