With nearly two million square feet of industrial property lying vacant and a 14-15% vacancy rate for Boston’s Industrial Property the gloom and sweat running from property owner’s brows appears almost visible. And yet, 40% of these same property owners are grinning from ear to ear. Their properties are leased and even if per chance […]
MIT Tech online article about University park expansion. MIT will work with Forest City Boston to build a new building at 298–334 Massachusetts Avenue, in the area just north of Random Hall, expanding research and retail opportunities along the block. Construction could start as soon as a year from now. Additionally, MIT is looking to […]
As national chief economist for commercial real estate services company Colliers International, Moore follows about 100 economic indicators that keep his finger on the pulse of the economy and the commercial real estate industry. And since the beginning of the fourth quarter, that pulse has quickened. “With the exception of housing and unemployment, most of […]
Recovery was the rallying cry for the retail industry in 2010. After two years of very weak sales as consumers reined in spending during the Great Recession, retail purchases rose for the fifth straight month in November. “It was the return of the retail industry,” said Michael Niemira, chief economist for the International Council of […]
After dragging the U.S. economy into a severe recession, property markets across the country now are relying on an economic recovery to help cure their hangover in the new year. The housing sector, weighed down by a glut of unsold homes, needs job growth to boost demand and curb the flow of delinquent loans into […]
Macy’s is closing its Chestnut Hill store as part of what the company calls an annual review process that selectively prunes underperforming locations. The store, which opened in a former Bloomingdale’s location at the Chestnut Hill Shopping Center in 2007, will start a final clearance sale on Sunday that will run for about 10 weeks. […]
Groupon Inc., an online coupon seller with numerous clients in the Sacramento region, has been approved to raise as much as $950 million, the latest chapter of the fast-growing company. Groupon, which passed on a $6 billion offer from Google Inc., could boast the biggest round of equity financing since Pixar in 1995, according to […]
nternational Business Machines Corp. on Wednesday unveiled its fifth annual “Next Five in Five” — a list of innovations that have the potential to change the way people work, live and play over the next five years. Armonk, N.Y.-based IBM predicts that technology will evolve in the following ways: You’ll beam up your friends in […]
Retailers in New York gave the holiday shopping season an “A” grade as consumers came out in force, breaking a two-year-long streak of weak sales during the recession, according to a new survey. Eighty-four percent of retailers polled by the Retail Council of New York State said sales the week before Christmas were better than […]
Commercial real estate covers a large chunk of the real estate world. It includes office and retail properties like shopping centers, industrial properties, land and investments and hotel /resort properties. There are various agencies involved in this line of business and they aim to provide the entire range of corporate and investment services to the […]
