News: Connecticut

Viking Construction goes solar with installation of power panels

In a major step towards energy independence and reduced emissions, Viking Construction, Inc., has completed the installation of 126 Siliken Solar power panels covering 3,000 s/f of roof top at its headquarters. The company now is generating nearly 30% of its total energy needs onsite, and is on track to offset more than 100 pounds of carbon each day. Estimated power "savings" equals about 3 trees or 2.5 barrels of oil a week. The panels were installed by Encon Solar Energy of Stratford, Conn. In addition to reducing emissions and overall energy costs, Viking expects to be able to actually generate electricity that goes back to the region's power grid. "Viking has long been using energy-efficient products and solutions for the buildings we construct, and we are consistently seeking best practices that conserve energy and natural resources," said Anthony Gaglio, Sr., president of Viking Construction. "This solar project is one more step in that direction, making use of the power of renewable energy instead of fossil fuels - and eventually actually generating power for use by others in our community. It is an amazing effort that makes business sense as well as environmental sense." By using solar power, Viking also is meeting some of its ENERGY STAR partnership requirements. By taking part in this federal program, Viking ensures it is proactively meeting federal energy conservation standards and guidelines throughout its business.
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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