Updates and news pertaining to ABG Realty
Kung Fu Tea, the popular Brooklyn-based bubble tea brand, is expanding further into the Boston Area. Peter Mayfield of ABG Commercial was the sole broker in leasing the 1,460 square foot street level retail space to Kung Fu Tea, located at 3 Pleasant St. in Malden. This property makes the fourth location in the Boston […]
This past Sunday, two blocks of Cambridge Street were closed off to make way for the 4th annual “Smoke This” Ribfest, sponsored by the East Cambridge Business Association. As a longstanding member of the ECBA, several of us at ABG donated our afternoon to volunteer at this lively and taste-bud-friendly event. The event went off without […]
The Greater Boston area has long been a popular destination for startup companies. Nowadays, startup hotspots such as Kendall Square and lately South Boston’s Innovation District are stretched thin for affordable office space. These days it is standard for rents to top $50 per square foot in Kendall. As sky-high prices are pushing companies out […]
Peter Mayfield of ABG Realty recently represented the seller in the transaction of 389 Main Street in Malden for $385,500. Thayer Morgan of Century 21 represented the property’s buyer, In Vitro ADMET Laboratories LLC. 7,236 square feet of office and lab space was sold to the Maryland-based pharma company. In Vitro offers products and contract […]
East Boston Savings Bank’s Somerville Branch officially broke ground on Wednesday, August 28th, 2013. Bernard Gibbons of ABG Realty represented both buyer and seller in the transaction of 37 Union Square, which was leased earlier this year. Gibbons also represented the space’s former tenant, Union Square Veterinary Clinic, in moving to its current location on […]
Reis Reports Q1 2013 Retail Trends written by Kevin Friedman. Here are some significant and noteworthy trends from the Retail sector of commercial real estate in the first quarter of 2013, as explained by Dr. Victor Calanog, VP of Economics and Research at ReisReports. The retail sector, which only began to visibly display signs of healing in 2012, […]
Reis Reports Q1 2013 Industrial Trends written by Kevin Friedman. Here are some significant and noteworthy trends from the Industrial sector of commercial real estate in the first quarter of 2013, as explained by Dr. Victor Calanog, VP of Economics and Research at ReisReports. * Industrial property vacancy rates remained in decline in the first quarter of 2013, […]
The amount of available office space in Boston’s Financial District has reached a five-year-low. While much of this can be credited to the ongoing economic recovery, brokers attribute the rebound to the influx of companies moving downtown. With limited available space and rents still as high as $50 per square foot in Kendall Square and […]
Stephanie Deering of ABG Realty recently represented Transition House in the lease of 7 Temple Street in Central Square in Cambridge. 2,500 square feet of office space was leased to the non-profit organization, which provides shelter and guidance for victims of domestic violence. This office space — located in the heart of Central Square — […]
In our previous post, we mentioned that companies such as Neiman Marcus are placing a greater emphasis on smaller spaces. This trend is not limited to high-end retailers. In Massachusetts, small to mid-size vendors are reaping the benefits of the ongoing state and nationwide housing recovery. With the recession in its rearview mirror, the Massachusetts […]
