News: Northern New England

Weston Solutions' headquarters earns LEED Gold certification

Weston Solutions, Inc. celebrated the dedication of its new regional headquarters at 45 Constitution Ave., in the Horseshoe Pond Redevelopment corridor. The facility is the first LEED Gold certified professional office building, demonstrating Weston's commitment to sustainable green building and redevelopment practices. Honored guests included Mayor James Bouley, city of Concord, New Hampshire and representatives from the New Hampshire Department of Environmental Services and U.S. EPA Region 1. Mayor Bouley said, "I'd like to thank Weston Solutions for returning to Concord and building this impressive facility. They've eliminated a blighted structure, and ultimately constructed a beautiful, environmentally-sensitive office building. They are already making a difference." Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) program provides a nationally accepted set of standards for environmentally sustainable buildings. Weston's building was designed and constructed with an integrated approach to permit using highly efficient, durable, and regionally available technologies and systems without incurring significant cost. The building systems are automated to allow regular adjustments and long-term performance monitoring. According to Patrick McCann, Weston president and chief executive officer, "Weston is committed to restoring impaired properties or brownfield sites into productive assets. Our Concord building is an impressive project that blends innovative green development strategies with sustainable solutions. By joining with the city of Concord, our project team partners, and the community, we revitalized an impaired property in a collaborative manner and provided educational outreach for stakeholders." Tours of the building highlighted sustainable and educational features, including a touchscreen display and user interface that monitors the building's mechanical systems and energy consumption. Guides discussed Weston's integrated approach to low impact development; the lifecycle value of the geothermal heating and cooling system; protocols for green deconstruction and salvage; and the many benefits of the GreenGrid vegetated roof system. Weston thanked the project stakeholders for their contributions and made donations in their honor for replanting trees in Plumas National Forest.
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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