NEWS

July 1 2021 LUMBER PRICES DIVE MORE THAN 40% IN JUNE, BIGGEST MONTHLY DROP ON RECORD The great lumber bubble of 2021 has popped. After a jaw-dropping rally this spring, lumber prices have come back down to earth as supply increased, speculative trading action cooled and homebuilding demand eased. Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back to 1978. The building commodity is down more than 18% in 2021, headed for the first negative first half since 2015."Read More

June 28 2021, GILBANE RELOCATES EXECS TO BOSTON, WITH PLANS TO GROW IN THE REGION A construction management firm that's been building in Greater Boston for 75 years, and just celebrated its 150th anniversary, is readying for fresh investment in the region.Gilbane Building Co. has relocated two of its executive leaders to the company's Boston office, with plans to grow its development presence in the region, as well as its investment in robotics, technology and innovation."Read More

June 11 2021,SUFFOLK DOWNS SWAPS HOUSING FOR LABS IN REVERE The HYM Investment Group is pivoting the first phase of its expansive Suffolk Downs mixed-use development in Revere and East Boston to include lab space rather than housing....."Read More

June 9 2021, GREYSTAR PLANS GROUNDBREAKING FOR 650 EVERETT APARTMENTS THIS SUMMER Greystar Real Estate Partners, a South Carolina-based apartment development company, is expanding its footprint in Greater Boston with a planned 650-unit complex in Everett. Greystar plans to start construction on two six-story buildings at 85 Boston St. in Everett this summer. The site previously housed Wood Waste of Boston to process and recycle construction debris...."Read More

May 25, 2021 CONSTRUCTION TO BEGIN AFFORDABLE HOUSING IN BEVERLY Harborlight Community Partners plans to break ground in June on a 77-unit affordable housing complex in Beverly. Anchor Point will consist of two apartment buildings with a mix of two- and three-bedroom units, and a community building, along with exterior amenities that include two playgrounds, a basketball court, a walking path, a playing field, and community gardens, according to Harborlight, a Beverly-based nonprofit.e Bay State, with 32 such firms landing in the annual rankings..."Read More

May 5, 2021 RISE TOGETHER ENVISIONS A DIFFERENT PATH OF REAL ESTATE DEVELOPMENT IN GREATER BOSTON The vision for this development company is to bring diverse communities into real-estate deals at the very beginning of a project, creating an opportunity for long-term, generational wealth creation rather than a one-time payout for selling a piece of property.

April 22, 2021 CONSTRUCTION, DESIGN TOPS BBJ LIST OF LARGEST PRIVATE COS.IN MASS.The architecture, engineering and construction (AEC) industry once again dominates the Business Journal's list of the 100 largest private companies in the Bay State, with 32 such firms landing in the annual rankings..."Read More

April 20, 2021 $1B LIFE SCIENCE PROJECT STARTS CONSTRUCTION IN BOSTON Developed by IQHQ and Meredith Management, the project will incorporate the city's largest air-rights structure since 1980. Life sciences REIT IQHQ Inc. and local co-developer Meredith Management have begun construction on their Fenway Center project, a $1 billion life science campus in Boston...."Read More

April 19, 2021 CONSTRUCTION ECONOMICS FOR APRIL 19, 2021 ENR publishes both a Construction Cost Index and Building Cost index that are widely used in the construction industry. This website contains an explanation of the indexes methodology and a complete history of the 20-city national average for the CCI and BCI. Both indexes have a materials and labor component. In the second issue of each month ENR publishes the CCI, BCI, materials index, skilled labor index and common labor index for 20 cities and the national average. ...."Read More

April 16, 2021 SHAWMUT BREAKS GROUND ON HISTORIC BOSTON CITY HALL PLAZA RENOVATION The city of Boston and Shawmut Design and Construction broke ground on a transformational renovation to Boston City Hall Plaza. Beginning with phase one, the project will deliver updated civic spaces and programming capabilities, as well as add infrastructure that will make the plaza a welcoming, everyday destination...."Read More

March 23, 2021 CONTRACTORS' REVENUE EXPECTATIONS TO RISE New data shows that U.S. contractors are growing more optimistic, mostly driven by a rise in revenue expectations. They also have better outlooks on hiring as business concerns related to the coronavirus pandemic lessen, according to the latest U.S. Chamber of Commerce Commercial Construction Index...."Read More

Mar. 5, 2021 MA:FALL RIVER TO SEE 'GREAT DEAL OF ACTIVITY AS SOUTH RAIL CONSTRUCTION WORK PICKS UP Construction activity in Fall River for the $1.1 billion South Coast Rail commuter rail project will be conspicuous over the next eight weeks..."Read More

Mar. 3 2021 NONRESIDENTIAL CONSTRUCTION SPENDING STABILIZES IN JANUARY 2021, DOWN 5% SINCE JANUARY 2020, SAYS ABC National nonresidential construction spending increased 0.9% on a monthly basis in January 2021..."Read More

Mar. 3 2021 SEAPORT LAB ADDITION, AT CITY GATEWAY, FACES KEY DEVELOPMENT REVIEW The development team pitching lab space atop 88 Black Falcon, a waterfront property on the furthest edge..."Read More

Feb. 24 2021 I-Team: COMPANY INVOLVED IN FATAL CONSTRUCTION ACCIDENT FINED FOR PAST VIOLATIONS Inspectors from Occupational Safety & Health Administration are searching for answers after two employees..."Read More

Jan. 27 2021 TOP 5 BOSTON SUBMARKETS FOR CONSTRUCTION ACTIVITY Despite declining rents, the market's active development pipeline could signal confidence in the metro's long-term recovery..."Read More

Jan. 15 2021 TOP 10 HOTTEST CONSTRUGTION STORIES THIS WEEK: WINTER DIESEL DOS AND DON'TS Most read construction stories of the week include each state DOT's take from the COVID relief bill..."Read More

Jan. 14 2021 BAKER SIGNS 626 MILLION ECONOMIC DEVELOPMENT BILL New aw includes long-sought zoning reform . . . https://commonwealthmagazine.org/economy/baker-signs-626-million-economic-development-bill/..."Read More

Dec. 23 2020 Experts: CONSTRUCTION MATERIAL SHORTAGES TO CONTINUE IN 2021 Commercial contractors continue to battle material shortages brought on by the Coronavirus pandemic, according to the Q4 2020 US Chamber of Commerce Commercial..."Read More

Dec. 20 2020 TOP CONSTRUCTION TECH STORIES OF 2020 When it comes to construction technology,or contech, here's what you were reading in 2020..."Read More

Dec. 8 2020 BOSTON SEEKS PROPOSALS FOR DOWNTOWN PARKING GARAGE City officials on Tuesday issued a request for proposals for the Lafayette Parking Garage, a three-level, 1,029-space underground parking deck beneath the Hyatt Regency Boston downtown.The sale of the garage is expected to generate "millions of dollars" and is a key part of Boston..."Read More

Dec. 4 2020 SKANSKA PLANS 27 STORY BACK BAY TOWER While the coronavirus pandemic has many debating the future of office space, one developer is moving forward with a new tower in one of Boston's densest neighborhoods.Skanska is planning a 27-story, 625,000-square-foot "flexible office" tower at 380 Stuart St. in Back Bay..."Read More

Nov. 25 2020 NEW OWNERS OF WORCESTER MALL PLAN TO DEMOLISH BUILDING The new owner of the Greendale Mall in Worcester filed plans to demolish the 300,000-square-foot building to construct a distribution warehouse. Finard Properties LLC of Boston...."Read More

Nov. 18 2020 BIG COMPANIES THAT GROW FAST: A TALE OF TWO STRATEGIES Achieving solid one-year and three-year revenue growth isn't easy for any company, big or small. Just ask a company founder or CEO wracking his or her brain on how to get to the next revenue level...."Read More

Oct. 19 2020 RED SOX OWNERS,PARTNERS PLAN MAJOR REDEVELOPMENT AROUND FENWAY PARK The five-acre project will include office space, apartment buildings, retail and possibly a hotel."Read More

Oct. 9 2020 FIRST LOOK: THE 'INNOVATION VILLAGE' PLANNED FOR ALLSTON'S BOSTON TECH CENTER Berkeley Investments Inc., which is seeking to redevelop Allston-Brighton's Boston Tech Center site into lab space and residential units overlooking the Mass Turnpike."Read More

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