News: Green Buildings

The Green Roundtable receives $630,000 grant to support initiatives

Market transformation towards creating green communities happens because of three main reasons. Consumer demand, shift in professional practices or policy and top down legislation that make green development a requirement. Generally, the trend towards green building has been responding to all three conditions. Institutions tend to make demands on their design professionals to build to LEED (Leadership in Energy and Environmental Design) standards, architects have been increasing in their commitment to a higher level of practice in achieving high-performance buildings and more recently, there has been a flurry of green building policies popping up all over the country at various levels of local government. For a database of such policies, visit the US Green Building Council (USGBC) website: usgbc.org/resources/government resources. One of the landmark pieces of legislation coming out of our region in the past two years put Boston on the map as the first city in the country to require green building of the private sector. Boston is continuing its role as a green leader by working on other unique policies to support smart growth and environmentally conscious development. The Green Roundtable (GRT) has been working with the city of Boston for over five years providing resources and expertise to support the development and implementation of green policies such as Article 37. In recognition of the important work that has been done, and the goals for achieving greater impact, GRT just received a $630,000 grant from a private anonymous foundation to support another three years of work on policies with the city of Boston. This grant will allow GRT to provide education and training to more Boston city staff, development of resources and tools for city departments to use in the implementation of all green policies and the expansion of GRT's NEXUS Green Building Resource Center in downtown Boston. NEXUS is a key resource and serves as a meeting place for the green building stakeholders at the city level as well as for the public and private developers. Additional educational programs and policy implementation resources will be offered in an effort to better integrate green building practices into these new Boston projects.
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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