Wegmans, a high-end grocery chain based in Rochester, New York, is set to break ground on a new Massachusetts store on October 16th. The family owned grocery chain opened its doors in 1916 and today boasts 78 stores in 5 states and employs over 40,000 people. The new 135,000 square-foot store, located in Northwest Park […]
Athenahealth, a health information technology firm, is on the search for a new headquarters. CEO Jonathan Bush said, “We’ve got to expand or more,” regarding the companies current location in Watertown, MA. The company is looking to triple the size of its headquarters to around 1,000,000 square feet of office space. The space will be […]
Since the second quarter of 2011, Vacancy rates in Cambridge have been improving. Cambridge’s vacancy rate peaked that quarter at 10.3% and has been steadily declining since. The figures are in for the second quarter of 2012 and vacancy rates have dropped to 9.4% with a total of 10,137,858 square feet vacant in the Cambridge […]
The New England Revolution, a professional soccer club based in Foxborough, may be moving. The owner of the club, The Kraft Group, is interested in constructing a new $100 million soccer stadium in Assembly Square, Somerville. Currently, the team plays at Gilette Stadium, which has a massive capacity of 68,756. Unfortunately for the Revolution, the […]
Mechanics Hall a concert venue in Worcester, Ma is to undergo $300,000 in renovations. The money will be used to restore the 1864 pipe organ. There will be repairs to the roof, the elevator shaft, the exterior walls and the windows. The speaker system and amplifiers in the venue are 30 years old; funds will […]
After the closing of Jp Licks ice cream on Newbury Street, the ice cream shop has announced they will be returning to a new location in the Back Bay! Looney Tunes, Boylston St. (below) JP Licks on Newbury before closing (below) The new location is the former “Looney Tunes” record store on Boylston Street, near […]
According to Jones Lang LaSalle, overseas investors put $384 million into the commercial real estate market in Boston during the second quarter. This ranks Boston 9th overall in US cities attracting foreign capital to real estate (WSJ). This is fantastic news for Boston, which is experiencing growth in foreign direct investment in commercial real estate […]
State officials have announced a plan to ask businesses neighboring the Rose Fitzgerald Kennedy Greenway to help pay upkeep costs. Currently, the park is run by the Rose Fitzgerald Kennedy Greenway Conservancy, a government funded non-profit organization. State officials hope to conserve public funding by instituting a tax on surrounding business owners to pay for […]
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 […]
ABG Realty presents 20,000 square-feet of office space in Cambridge’s Twin City Plaza. This new property offers an open floor plan and available spaces range from 2,200 square-feet to 15,000 square-feet. Some amenities include: Common Break Room Build Out Possibility Plenty of Onsite Parking Perfect for any Start Up or Professional The property’s ideal uses […]
