News: Front Section

The School for Field Studies opens at Cummings Center

The School for Field Studies (SFS) has relocated its world headquarters from downtown Salem to an 8,000 s/f office at 100 Cummings Center. The international academic organization provides environmental study abroad programs for college undergraduates. "We found the perfect space," said Jack Waggett, SFS interim president. "As an environmentally-focused organization, we were attracted to Cummings Properties and are pleased with the sustainable practices that Cummings employs." According to Waggett, after nine years in Salem, SFS sought a venue for future growth as well as a "greener" office environment. Cummings Center, as the North Shore's largest office park and one of the world's most comprehensive industrial plant recycling projects, was an ideal location. Founded in 1980, SFS creates transformative student experiences through field-based learning and research programs in locations as diverse as Costa Rica, Kenya, Australia, and Bhutan. It is part of a growing network of environmentally conscious organizations committed to sustainable practices. Cummings Center has a long history of sustainable practices, with two of its buildings bearing the Energy Star certification. This distinction identifies them as among the most energy efficient buildings in the nation. The campus' most recent green initiative was the installation of an 880-panel, 235-kilowatt solar array above the East Garage to help power the elevators, HVAC, and garage lights. A second major solar installation is expected to be completed atop its West Garage this spring. SFS will host alumni, friends, and members of the community at a ribbon cutting and celebration on April 26th from 5 - 7 p.m. Beverly mayor William Scanlon will cut the ribbon along with Waggett and SFS founder and board chairperson Terry Andreas. Cummings Properties is a full-service development, property management, and construction firm with more than 10 million s/f of commercial real estate in 10 eastern Mass. communities. The award-winning Cummings Center campus, located one mile from Rte. 128, is located on the former site of the United Shoe Machinery Corporation.
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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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