News: Owners Developers & Managers

Wise Construction completes new center at Melrose - Wakefield Hospital

Wise Construction recently completed the new Cardiac and Endovascular Center at the Melrose-Wakefield Hospital. Partnering with Hallmark Health Systems, the Wise team converted three occupied clinical units into a state-of-the-art diagnostic and treatment facility to support the Hospitals' strides in providing comprehensive clinical services to patients and families in communities north of Boston According to Brian Walsh, senior project executive at Wise Const., the project presented some unique challenges in working in and around an operating wing of the hospital while being sensitive to the healing environment for those using or visiting the facility. "Our project management group is committed to implementing the highest standards of operations to maintain a safe, clean and secure job site," Walsh said. "Keen coordination and cohesive teamwork were integral during installation of the latest sophisticated technology equipment that will assist the Melrose-Wakefield medical team in diagnosing and treating diseases of the heart and circulatory system." The project involved building out 8,300 s/f to support the new centers' broad array of therapies and procedures including its echo, EKG, nuclear medicine and radioactive laboratory functions. A complete upgrade of the life safety systems in the space was also conducted. Architectural services were provided by Levi Wong Design Associates.
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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