Updates and news pertaining to ABG Realty
By Grant Welker An overhaul of the CambridgeSide mall’s former food court into a new concept is slated to open this fall, and the future tenants are now being unveiled. What will soon be called CanalSide Food + Drink will include anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta to Go, the sandwiches and salads restaurant Fresh, […]
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
By Greg Ryan Brookline wants part of its stretch of Route 9 to be more like Newton’s, and a Boston-based real estate developer is poised to benefit. The town of Brookline is launching an effort to rezone its land on a half-mile of Route 9 from Hammond Pond Parkway to Dunster Road. Most of the property sits on […]
By Greg Ryan Massachusetts is building significantly less housing than it was in the mid-20th century. Not coincidentally, the median home sale price has nearly doubled in the past decade to $600,000, far outpacing income growth. More people are leaving Massachusetts for other states than are moving here. Those problems are what the MBTA Communities zoning […]
By Greg Ryan Procter & Gamble revealed Tuesday it would move Gillette’s century-old South Boston manufacturing operations to the company’s Andover property, opening up as many as 31 acres on Fort Point Channel to redevelopment. Cincinnati-based P&G (NYSE: PG) plans to maintain the headquarters for the Gillette business and roughly 750 corporate, research and engineering employees […]
By Meera Raman The CEO and president of Cambridge Savings Bank, which recently cracked the top ten list for largest banks in Massachusetts, told staff he plans to retire after over decade in the position. Wayne Patenaude recently announced his retirement internally to the company, the bank confirmed. “We are immensely grateful for Wayne’s exceptional leadership and […]
Somerville, MA, July 10, 2023 – Stephanie Deering, Vice President of ABG Commercial Realty, proudly announces the successful leasing of a 5,000 square feet commercial space in Somerville to Skylla Technologies Inc. Renowned for their innovation in human-aware robotics solutions, Skylla Technologies Inc brings intelligence and awareness to robots and systems, driving a safer and more […]
Woburn, MA, July 28, 2023 – Stephanie Deering, Vice President of ABG Commercial, Bernard Gibbons, Senior Vice President, and Dave Killen, experienced real estate advisor, are proud to announce the sale of a 1.26-acre prime site in Woburn, Massachusetts. This acquisition, valued at $2.55 million, marks a significant step towards the development of an early education […]
By Erik Sherman Along with bank liquidity issues, CMBS delinquencies are an important sign of CRE health. Possibly more so because they show not just trouble on the horizon but already in the rear-view mirror. A new Trepp analysis suggests that sometime in May, the red flags were starting to unfurl. The CMBS delinquency rate jumped […]
Anyone living in Boston or in the surrounding areas know to start wearing rain boots, as our snow is finally melting sporadically in 40 degree temperatures. This past February has beat records as the snowiest four weeks Boston has ever had. Our last record from 2005 was toppled by more than 15 inches, placing us […]
