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ABG Commercial Real Estate News

Recent News from Local Cambridge and Boston Commercial Experts.

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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

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Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

By Jeff Cox via CNBC Inflation held at stubbornly high levels in May, though the monthly increased was slightly less than expected, according to a Commerce Department gauge closely watched by the Federal Reserve. Core personal consumption expenditures prices rose 4.7%...

Elon Musk Has a Bigger Problem Than Twitter Bots: A Huge Debt Burden

By Paula Seligson via Bloomberg Elon Musk may be directing his buyer’s remorse at Twitter Inc.’s bot problem. But underpinning the deal is a $13 billion debt bill that’s looking like a bigger burden by the day. The package, drummed up in a rush and signed by banks...

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

By Jeff Cox via CNBC Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels...

For some companies, there’s no escaping the office. So they’re changing it.

By Anissa Gardizy & Catherine Carlock Firms that signed big leases right before COVID are trying to design an office worth coming back to. After repeated false starts during the pandemic for returning to the office, the future of in-person work for white-collar...

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...

Commercial Real Estate Performance Remained Strong in the First Quarter of 2022

By John Worth & Savannah Delullo, Via Nareit Commercial real estate fundamentals continue to point to strong performance in the retail, multifamily, and industrial sectors with vacancy rates mostly declining on a year-over-year and quarter-to-quarter basis, robust...

IRS Chief Pushes Congress for Law Change on Land-Rights Tax Deals

By Richard Rubin via The Wall Street Journal Rettig says abusive syndicated conservation easement transactions persist despite stepped-up enforcement WASHINGTON—Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping...

A third of small retailers can’t pay rent as financial struggles spike again

By Ben Unglesbee via Retail Dive Dive Brief: The share of small retail businesses that couldn’t make rent rose to 34% in April, up six percentage points from February, according to survey data from Alignable. Those surveyed cited inflation, including gas price spikes,...

U.S. Jobs Report for April Shows More Strong Gains

Via The New York Times U.S. added 428,000 jobs in April as the labor market remained vibrant. April produced another solid month of job growth, the Labor Department reported Friday, reflecting the economy’s resilient rebound from the pandemic’s devastation. U.S....

Strong Job Market Puts Upward Pressure on Wages

By Jon Worth and Nicole Funari via Nareit   The Bureau of Labor Statistics’ March Job Openings and Labor Turnover (JOLTs) report highlights the health of the labor market. March marked 23 straight months with hires greater than separations and the March JOLTs...

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