There are currently 2.5 million square feet under construction in the city of Cambridge. From Central Square to East Cambridge, commercial real estate development is thriving. A great deal of this construction consists of lab space for tech and pharmaceutical companies. One reason for this is the Commonwealth is looking to take advantage of the talent […]
With things looking shaky on the home front, Chinese investors have decided to try their hand in American real estate. Wealthy Chinese are pouring money into commercial and residential properties across the United States, from high-rise condominiums in San Francisco to office towers in Manhattan. Ms. Zhang Xin, the CEO of China’s largest commercial real […]
by Byron Chen In the first quarter of 2013, Boston’s Industrial market has shown marked improvement in several areas when compared with data drawn from 2012. The market ended with an overall vacancy rate of 10% at the end of the quarter, decreasing from 10.4% at the end of the 4th quarter of 2012. The […]
Recently, the positive change in commercial cap rates could be attributed to the recovery of credit markets. Low cap rates and weak fundamentals have lead many to question the Fed’s low interest rates. These low rates may be excessively raising commercial prices. In a quote from FRBSF, “It’s true that cap rates are at historic […]
The latest commercial real estate figures have been published and Boston’s industrial market vacancy decreased to 10.6%. This marks a 0.3% decrease from a 10.9% vacancy rate in the third quarter. The vacancy rate for industrial properties has steadily from 11.1% in the first quarter of 2012. Flex project also experienced a decrease in vacancy […]
Would you ever consider living in a 295 square foot apartment? Growing US cities including Boston and San Francisco are trying to attract young professionals to the downtown area but the high housing prices make it difficult. A solution to this problem may be micro apartments. These units are tiny apartments with one main room […]
Agents Stephanie Deering and Jean Silva of ABG Realty recently leased the Everett Mills space in Lawrence to Pilo 5 Star Quality. The sewing contractor company was founded in 2006 by Hector Rosado and they work on a variety of products including swimwear, infant wear, dance wear, athletic apparel, and a number of accessories. Pilo is one […]
A new eatery called Sterling’s will be opening on State St. this week and the décor is reminiscent of the 1960s. The Glynn Group spent $1 million to build this new bar/restaurant that will serve French classics, flatbreads, casseroles, and ‘60s-era appetizers. The prices are reasonable with entrees ranging from $15 to $28. The restaurant […]
This month, an Atlanta-based real estate company Jamestown Properties acquired the lease for the Bronstein Center, reports the Boston Herald. The Center, which stands as the largest building in South Boston at 830,000 square-feet, was acquired by Millennium Partners back in 2011. Millennium Partners is a New York developer active in Boston’s real estate market. […]
Bookstores are slowly diminishing and it seems that Barnes & Noble is jumping on this bandwagon. The largest bookstore chain is planning to cut 30% of its stores within the next 10 years. They currently have 689 stores and this will go down to between 450 and 500 stores. With e-books and e-readers bookstores are […]
