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ABG Commercial Real Estate News

Recent News from Local Cambridge and Boston Commercial Experts.

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BANKER & TRADESMAN’S FAST 50

CRE Lending Powers Fast Community Bank Growth But as Rates Rise, So Does Caution By Diane McLaughlin Banker & Tradesman Staff Local banks and credit unions have emerged as big winners from the 65 percent year-over-year- growth in commercial mortgage volumes...

CRE Investment Volume Climbs 10% in Q2

Both gateway and Sun Belt markets recorded strong growth. U.S. commercial real estate investment volume rose 10 percent year-over-year in the second quarter of 2022, to $167 billion, with industrial and logistics investments providing nearly $32 billion of the total...

Cambria Hotel Boston Somerville opens its doors

By Boston Real Estate Times  Somerville, MA – Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the...

Gibbons of Associated Brokerage Group brokers $15.7 million sale

  Lawrence, MA - Oliver Street Capital, in a joint venture with an institutional capital partner, has acquired a 90,692 s/f warehouse/distribution center located in the Lawrence Industrial Park at 91-101 Glenn St. for $15.7 million. The asset is fully leased to...

ABG Commercial Realty Brokers a Lease with Lab Minds for R&D/Lab Office Space in Post Office Square in Boston

Boston, MA, January 25, 2022 -   ABG Commercial Realty is proud to announce a lease agreement between LAB Minds LLC, from Somerville, MA and A.W. Perry Inc., at 20 Winthrop Square, Boston. Based in Cambridge, ABG’s Vice President, Stephanie Deering, brokered the lease...

ABG Commercial Brokers $21.5M Sale of Watertown Flex Building

Griffith Properties Will Transform Asset into Class A Lab Space in Emerging Life Science Market Watertown, MA, January 25, 2021 – Griffith Properties and partner, a fund controlled by DRA Advisors, have acquired a 145,000 SF flex/industrial property located at 580...

Associated Brokerage Group handles $23 million sale of Gentle Giant headquarters to DLJ Real Estate Capital Partners

Somerville, MA DLJ Real Estate Capital Partners has acquired the office/industrial headquarters site of moving company Gentle Giant for $23 million. The three acre parcel is adjacent to the 3.4 acre site DLJ acquired in a joint venture with Leggat McCall Properties...

ABG Commercial Brokers $13.5M Sale of 3.4 Acre Boynton Yards Site

  ABG’s Bernard Gibbons Represents Seller, Procures Buyer in Development Deal   Somerville, MA, November 19, 2018 – DLJ Real Estate Capital Partners, in a joint venture with Leggat McCall Properties (LMP), has acquired a 3.4 acre office/industrial site from...

SOLD: $7 Million | 1.31 Acres | Watertown, MA

  Boston Real Estate Times The Real Reporter Watertown, MA April 16, 2019: Bernard Gibbons of Associated Brokerage Group represented Empire Management in the $7 million sale of the property located at 66 Galen Street in Watertown to Boston Development Group....

ABG Commercial Real Estate Blog

Get the best industry information and insight with th ABG Commercial Realty blog.  

Retail Real Estate Is Enjoying Its Biggest Revival in Years

Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as more Americans venture out to buy things again. U.S. retail vacancy fell to 6.1% in the second quarter, the...

GI Partners Acquires 77K-SF Fully Leased Lab Building in Cambridge

GI Partners has acquired Blackstone Science Square, a fully leased lab building in Cambridge, MA on behalf of its Essential Tech + Science Fund. According to GI Partners, Blackstone Science Square offered it the opportunity to acquire a stabilized, highly functional...

Long-time CRE exec Leslie Cohen leaves Samuels for Davis Cos.

Leslie Cohen, one of the best-known female executives in Boston’s commercial real estate industry, is moving from one major local development firm to another. Cohen has joined The Davis Cos. as chief operating officer after spending more than two decades at Samuels...

US Home Prices Now Posting Biggest Monthly Drops Since 2009

By Prashant Gopal October 3, 2022 at 12:01 AM EDTUpdated onOctober 3, 2022 at 8:59 AM EDT Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Median home prices fell 0.98% in August from a month earlier, following a...

Why Massachusetts saw a big drop on America’s Top States for Business list

Last year, Massachusetts was ranked among the top 15 states for business by CNBC. This year, the state dropped down from 14th to 24th. Each year, CNBC creates its America’s Top States for Business list by scoring all 50 states on 88 metrics in 10 broad categories of...

There are rich people, and then there are the ‘one-time millionaires’

For more than a month, the campaign championing a special tax on the wealthy has blasted TV airwaves with a simple message: “They pay less and we pay more.” “They” are the people who earn more than $1 million a year, as one ad intones and pans to a shot of a...

Lumber Prices Fall Back to Around Their Pre-Covid Levels

Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction. Lumber futures ended Tuesday at $429.30 per thousand board feet,...

Your electric bill may go up by more than 60 percent this winter. Here’s why.

Massachusetts consumers and businesses could be in for some sticker shock this winter when they open their electric bills — and feel the impact of a war an ocean away. A rate filing on Wednesday from National Grid, showing wintertime power bills rising more than 60...

Database: Who is moving to — and from — Massachusetts?

Some states and counties were already winning the migration battle before the Covid-19 took the world by storm. Like with many other trends, the pandemic sent several migration patterns into overdrive — shifting thousands of people and billions of dollars into...

The Fed made another supersize rate increase as it struggles to contain rapid inflation.

Federal Reserve officials ramped up their battle against the fastest inflation in 40 years on Wednesday, ushering in a third straight supersize rate increase while projecting a more aggressive path ahead for monetary policy, one that would lift interest rates higher...

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