News: Rhode Island

Wayne Griffin Electric completes DMV electrical installation project: project team included Dimeo and Lerner Ladds + Bartel

Wayne J. Griffin Electric, Inc. (Griffin Electric) has recently completed the electrical installation work at the updated R.I. Division of Motor Vehicles (DMV) facility at 600 New London Ave. The building was renovated in order to better the working environment for DMV employees and streamline the experience for R.I. drivers. The 78,000 s/f building features many earth-friendly attributes, including high-efficiency mechanical systems and daylight dimming sensors, plus incorporates green building materials such as bamboo and recycled carpeting. For the convenience of drivers, the many types of DMV transactions were distributed on three floors, and enhanced waiting and concession areas were created. Griffin Electric was responsible for installing new power distribution within the building, in addition to systems for tele/data, security and fire notification. Dimeo Construction Co. was the general contractor on-site, while Lerner Ladds + Bartel served as the project architect. Creative Environment Corp. Consulting Engineers was the electrical engineer. "There are an increasing number of projects awarded to us which are built within the LEED certification parameters," said Wayne Griffin. "We are glad to be part of any project that is dedicated to the preservation and sustainability of our environment, through the use of earth-friendly materials and procedures."
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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