News: Owners Developers & Managers

Viking Construction earns market leader award from Energy Star

In recognition of building 58 energy-efficient homes in 2013, Viking Construction, Inc., has earned an Energy Star Certified Homes Market Leader Award from the U.S. Environmental Protection Agency (EPA). Through its environmentally sound building practices and material choices,Viking has had the equivalent impact of eliminating the emissions from 21 vehicles, saving 105,270 lbs of coal, planting 81 acres of trees, and saving homeowners $17,400 on utility bills. Viking Construction is now listed on Energy Star's 2014 Market Leader Award Web page. To earn the Energy Star label, a home must meet strict EPA guidelines for energy efficiency that require an integrated approach to design combined with tried-and-true best building practices. These homes then undergo third-party verification of energy performance and are up to 30% more efficient than typical new homes built today. Energy Star certified homes include value-adding energy efficiency features such as insulation systems, high performance windows, tight construction and ducts, properly-sized and installed efficient heating and cooling equipment, and energy-efficient lighting and appliances. These add up to better comfort, better durability, and reduced utility and maintenance costs for home owners. Viking is a family-owned company of craftsmen. The company believes in personal involvement, quality control, and sound financial management. Its portfolio includes historic renovations, wastewater treatment facilities, pharmaceutical plants, churches, schools, assisted living facilities, office buildings, industrial manufacturing plants and large-scale affordable housing projects throughout Conn. and NY. Products, homes and buildings that earn the Energy Star label prevent greenhouse gas emissions by meeting strict energy efficiency requirements set by the U.S. EPA. In 2013 alone, Americans, with the help of Energy Star, saved more than $30 billion on their utility bills and prevented greenhouse gas emissions equal to the annual electricity use from 38 million homes. Since 1992, the Energy Star program has supported efforts to find innovative solutions for reducing GHG emissions, and the Energy Star label can now be found on products in more than 70 different categories, with more than 4.8 billion sold over the past 21 years. Over 1.5 million new homes and 23,000 buildings and plants have earned the Energy Star label.
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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