On March 15, the Federal Reserve announced their decision to raise the short-term interest rate to 0.75% – 1%. The Federal Reserve Report on Monetary Policy reports that rates are expected to continue rising to accommodate changes in labor market conditions, levels of inflation, and financial and international developments. The predicted trajectory for future rates […]
That’s a fair question that tenants ask about all the time as the Consumer Price Index (CPI) measures the price change of consumer goods and service, in which real estate is not included. The answer is yes. It does affect your rent that is one of the income sources of your landlord. And it doesn’t […]
A real estate company in New York is using Google Glass to train their agents. As the company claimed in an interview with Inman News, the work between a client and the agent will be recorded (under the agreement of the client) and monitored in the real time by a manager with the purpose of […]
You don’t need to worry about the cost of managing your investment if you know how to manage it efficiently by yourself. It is not an easy task even though you have good reliable tenants. You need to have basic understanding of money and safety issues, local municipal, and city and state laws. If you […]
With property values rising across the country, home and commercial property owners are more open to the idea of selling. If you’re ready to unload your commercial property, a few tips can help you keep a level head throughout the process. Get the most money for your property with small do-it-yourself upgrades. You can raise […]
Although it’s not even Thanksgiving, market trends for 2014 are already appearing. Real estate trends forecast that “Second-tier cities will lead the [real estate] recovery next year”. Cities like Dallas and Portland are becoming more enticing than the “always open” mindset of New York and San Francisco. While this is appealing for some, what does […]
Florida-based Firehouse Subs has big plans. The chain, founded by two fire-fighting brothers Chris and Robin Sorensen, is expanding in the Northeast. Currently, the chain has two operating location in Massachusetts and has another on the way. However, the store that specializes in subs expects to open a whopping 85 locations in the next 5 […]
Stephanie Deering of ABG Realty was the sole broker in the transaction and coordinated the lease between the parties Upward Spiral Studios (the Lessee) and YWCA Cambridge (the lessor). This gym / flex space in the heart of Central Square is situated in a great location in between Mass Ave and Prospect Street. The building […]
Last week, Boston Properties announced a detailed proposal for a 22-story apartment tower in Kendall Square. The presentation, made by regional manager Bryan Koop and the firm’s project manager David Stewart, outlined plans for a 200,000 square foot project. If approved, construction would begin in 2014 with expected completion in 2016. President of the East […]
Millennium Partners, the firm developing Millennium Place at Washington and Avery streets, will begin selling condominiums this week. The 256 luxury condominiums range in price from “$550,000 for one-bedrooms facing a courtyard to $3.5 million for penthouses with rooftop terraces” (Boston Herald).
On October 2, 2012 the Cambridge Planning Board approved HYM Investment Group’s revised plans for the NorthPoint development. The development will transform the largest remaining land parcel in Cambridge into a 5 million square-foot, mixed-use development which will include: offices, retail, apartments, condominiums, access to public transportation, as well as parking.
Today at 400 Technology Square in Cambridge leases totaling 162,000 square feet have been signed. The involved companies were as follows: The Massachusetts Institute of Technology (MIT), The Ragon Institute Harvard University Epizyme Warp Drive Bio Aramco Services Co. Alexandria Real Estate Equities (NYSE: ARE), an owner, operator, and developer of life science office and […]