News: Rhode Island

Vision 3 Architects earns Green Bldg. of America Award for 2 projects

From more than 2,500 nominated projects, two of Vision 3 Architects' projects have earned the Green Building of America Award - the new Child & Family Community Center in Middletown, and the Home & Hospice Care of Rhode Island headquarters in Providence. The awards are presented to the region's most important, innovative, and sustainable facilities. The new 39,000 s/f Child & Family Community Center is designed to reduce overall energy consumption by 30% and is the first project in R.I. to utilize National Grid's "Advanced Building Systems" program. Home & Hospice Care of Rhode Island is the state's largest provider of hospice services. They are committed to environmental sustainability. The renovation and adaptive reuse of an existing, 50,000 s/f building as their administrative headquarters includes a 24-bed hospice facility and is expected to be the first health care facility in R.I. to achieve LEED certification. "Our commitment to be responsible designers has environmental sustainability as its foundation," says William Gray, principal and co-founder of Vision 3 Architects. "We are honored to be recognized for this award, and are proud of our staff and clients for their unwavering commitment to the environment."
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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