News: Northern New England

Wright-Ryan projects win three Maine Preservation awards

The Maine Preservation organization presented the owners, design and construction teams of many historic building rehabilitations throughout the State of Maine with preservation awards on November 15 at the Portland Country Club. Wright-Ryan Construction was the recipient of three out of eleven such awards. The first, Healy Terrace in Lewiston, was an adaptive reuse of a former children's orphanage built in 1893 into affordable housing units. The rehabilitation focused on the exterior as well as uncovering and restoring important character defining features, including the bracketed wood cornice - previously obscured by aluminum covering. As a result of this work, a full rehabilitation was possible, while retaining significant historic character. The second award, given for the rehabilitation of the Hedge and Roger Williams Halls on the Bates College campus in Lewiston, was for updates made to two of the oldest buildings on campus. Today both buildings stand as prime examples of how older structures can adapt to modern needs. The third award, given to the Knox Hotel in Thomaston, was for the extensive repairs and replications to historic features. The building, originally built in 1915 underwent extensive renovations to each housing unit while disruptions to residents were carefully avoided.
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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