News: Northern New England

Trumbull-Nelson Construction and Biomass Commodities complete wood pellet heating system for new Lebanon Middle School

Trumbull-Nelson Construction Company and Biomass Commodities Corp. are completing the installation of two wood pellet boilers at the new Lebanon Middle School. School Administrative Unit (SAU) #88 designed the school to include two wood pellet fired boilers to heat the entire 100,000 s/f building. A solar array will produce hot water during shoulder and summer seasons. Due to this innovative design and the inclusion of renewable energy systems, the new building will burn zero fossil fuels. A Northeast CHPS rating as a high performance school is anticipated. "Achieving a Northeast CHPS rating is a big deal for the school district," said Steve Usle, director of sales and marketing for Trumbull-Nelson. "Northeast CHPS encourages school districts to build schools that provide premium education environments and other important health, productivity, and economic benefits. The middle school will conserve natural resources and consume less energy. Once the school is certified, SAU #88 can qualify for up to 3% additional State Building Aid reimbursement for the project." Trumbull-Nelson is also completing work on a biomass heating plant for the new Southbound I-91 Hartford Information Center in Hartford, VT.
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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