News: Construction Design & Engineering

Timberline Construction Corp. breaks ground for new 98,000 s/f $5.9 million Great Space Storage facility: design provided by Sullivan Goulette & Wilson Architects

Timberline Construction Corp. recently broke ground for the new $5.9 million Great Space Storage facility within a commercial district off Morrissey Blvd. and near I-93. Sullivan Goulette & Wilson Architects designed the five-story over 98,000 s/f self-storage center which includes climate controlled storage lockers, office space, restrooms, lobby area, elevators and automatic sprinkler system. The site will provide both covered and uncovered exterior parking, as well as large loading docks and interior loading bays. In addition to utilizing high-tech security and locking systems the location will offer quality storage space for affordable rates. The facility will also feature carpeted hallways, motion controlled lighting, aroma controls, intercoms and music capabilities throughout. Cornerstone Realty Capital and Northern Bank Trust joined Timberline Construction and the Great Space Storage owners at the groundbreaking ceremony at the end of October. Shown (from left) are: Jay Dilorio, Northern Bank and Trust; Paul Natalizio, Cornerstone Realty Capital; Great Space Storage owners Ted Ahern, Charlie Sample and Ken Goldberg; and from Timberline Construction Steven Kelly, president; Jim Thompson, COO; Jason Goodwin, project manager; and Timothy Pineau, superintendent.
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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