News: Construction Design & Engineering

TF Saracen awards Erland rehab of 187,000 s/f office

TC Saracen - a joint venture between Trammel Crow Co. and Saracen Properties LLC - has awarded Erland Construction the rehab of 43 Foundry Ave., a 187,000 s/f office building. The site is part of a larger, 500,000 s/f office park called CenterPoint that contains both office and lab space. After months of preconstruction planning, Erland, teaming with LaFreniere Architects of Cambridge, began this project in mid October. Improvements to the new building will include a new façade, all new HVAC units, new elevators, new toilet cores, and various architectural upgrades to make the building tenant-ready. The project also includes demolishing three existing buildings and attendant sitework to create a park-like corporate campus with new parking spaces, site lighting, and landscaping.
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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