News: Front Section

Suffolk Construction named construction manager for $77 million Boston Wharf Tower

Suffolk Construction has been selected to manage construction on the 20-story, 258,000 s/f Boston Wharf Tower project. Located at 319 A St. Rear in the city's Innovation District, the $77 million project will feature 202 rental units and a four-level, above-grade parking garage with 96 spaces. Suffolk recently joined state and local dignitaries, developer Gerding Edlen, and architecture firm ADD Inc to celebrate the groundbreaking of the Boston Wharf Tower project. Event attendees had the opportunity to preview an "interpretation" of a residential unit from the Boston Wharf Tower, fabricated on site by the Suffolk project team and designed by a local artist. The one-day interactive display highlighted the creativity of the Fort Point Channel region and demonstrated the district's support for new residential development in the area. Designed to maximize space and minimize energy usage, the project will be built to achieve a minimum of LEED Silver certification. The Boston Wharf Tower project is Gerding Edlen's first development in the area. Construction is scheduled for completion in January 2014. Suffolk Construction is one of the most successful privately held building contractors in the country, providing preconstruction, construction management, design-build, and general contracting services to clients in the healthcare, science and technology, education, federal government, and commercial sectors. Suffolk's corporate office is based in Boston, and has a strong national presence with main offices throughout the Northeast, Mid-Atlantic, Southeast, and West Coast. 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, and proven processes, such as Building Information Modeling (BIM), to deliver the most complex building construction projects on schedule and on budget, with minimal 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.
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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.
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The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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