News: Northern New England

The MacMillin Co. begins 165,000 s/f Keene Middle School, 14,000 s/f administration building and 1,000 s/f field house

The MacMillin Company has begun construction on the 165,000 s/f Keene Middle School, 14,000 s/f administration building and 1,000 s/f field house. Marinace Architects designed the school to meet the Collaboration for High Performance Schools (CHPS) standards and will be one of the largest of its kind in N.H. Upon meeting the requirements of CHPS, the district will receive 3% additional funding from the state. The construction budget is $27 million and includes a wood chip heating plant. The plant will heat the middle school, the neighboring elementary school and the new administration building. Sitework began in April and construction remains on schedule. The aggressive schedule will allow the school to be open and ready for students in August, 2011. MacMillin Co. has provided construction management services since 1946 to clients throughout New England. Recent projects include the $12m Seven Hills Foundation Residential Pediatric Hospital, the $37m Cheshire County House of Corrections in Keene, and two new $15m residence halls at Keene State College. MacMillin was the first contractor to receive the construction industry ethics award in N.H., and has received several awards for historic preservation, building excellence and environmental stewardship.
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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