If you’re looking to purchase a luxury condominium in the heart of Boston, chances are you’re not alone. The median price of a downtown condominium in Boston has reached an all-time high for the first quarter, rising to $537,000 for one unit, up 7% from last year’s first quarter when the median price was $500,000. […]
In less than a week from now, the massive redevelopment project of NorthPoint will take a major step forward. The ceremonial groundbreaking of one of the project’s apartment towers is scheduled for Wednesday May 29th. Located on a 45-acre parcel of land in Cambridge at the edge of the Charles River, the property is expected […]
A local food truck company plans to open their first restaurant in Somerville’s Magoun Square. This is a major move for Pennypackers, a small company which currently operates with two trucks, one in South Boston and the other near Boston University in Brookline. The company’s Facebook page states that the Somerville Zoning Board of Appeals gave the […]
According to HubSpot CEO and co-founder Brian Halligan, location does matter for startup companies. HubSpot, a Cambridge-based marketing software firm (right down the street from ABG’s commercial office) has seen its revenue skyrocket in the past year, bringing in $52 million in 2012, 82 percent up from the previous year’s totals. The company has raised […]
Last Wednesday on the evening of May 16th, Fenway Park opened its doors to Boston Bites Back. Chefs from more than 90 restaurants in the Boston area converged at 4 Yawkey Way to provide attendees with their signature dishes and delicacies. The event was organized by Tsai and Clio chef-owner Ken Oringer. By all accounts, Boston […]
After an alarming decline of 0.5% in March, retail spending has shown minor improvement in April, as sales showed a positive increase of 0.1% to $419 billion. In spite of this improvement, the Washington D.C.-based Conference Board predicts that the spring spending swoon will carry over to the summer. According to the Conference Board, the […]
A plan for the construction of a new commuter rail station in Brighton on the Worcester line received initial approval from the Massachusetts Department of Transportation’s Finance Committee on Tuesday. The new stop, which is estimated to cost 14 to 16 million dollars, is situated right next to New Balance’s proposed 235 million corporate headquarters. Boston […]
by Byron Chen In the first quarter of 2013, Boston’s Industrial market has shown marked improvement in several areas when compared with data drawn from 2012. The market ended with an overall vacancy rate of 10% at the end of the quarter, decreasing from 10.4% at the end of the 4th quarter of 2012. The […]
by Byron Chen After the first quarter of 2013, Boston’s Retail market experienced minimal change in market conditions. The retail market saw its vacancy rate decrease from 4.4% at the end of 2012 to 4.3% at the conclusion of this most recent quarter. Vacant sublease space has trended down as well this quarter, finishing with […]
Real Estate search engine Trulia has announced that it will acquire CRM provider Market Leader for around $355 Million. Trulia has approximately 46,000 “premium subscribers” which is more than its biggest competitor Zillow. Announcing the news on its blog, Trulia CEO Pete Flint said: We are very excited to announce that Trulia has entered into a definitive agreement to acquire Market Leader, Inc. (NASDAQ: […]
