Updates in the world of Commercial Real Estate
Real estate developer Avalon Bay Communities recently revealed plans for a 38-story apartment building located across the way from Boston’s North Station and TD Garden arena. The project, dubbed Nashua Street Residences, will include a total of 503 studios of varied sizes. However, the proposed project is not set in stone. The company stated that […]
Good news for the Massachusetts housing market—sales of single-family homes increase by an astonishing 21% in October compared to last year’s figures. Furthermore, the Massachusetts Association of Realtors reported that October was the 16th consecutive month where sales were higher than during the same month in the previous year. In addition, the group also reported […]
Cambridge and Boston have taken the lead as the first and second destination for venture capital within Massachusetts. The two cities, which previously maintained a slight lead from other destinations like Waltham and Woburn, have recently stolen capital share from neighboring cities. Below are two heatmaps, developed by CB Insights Industry Analytics, which consist of […]
Things are not going well for party good retailer iParty Corp. In early November, iParty Corp. reported sales of $16.4 million for October, a 6.5% drop from total sales from the same period last year. Furthermore, the retailer recently received a compliance notice from the NYSE due to the company’s extremely low selling stock price. […]
PNC’s annual gift CPI is out and Christmas is as expensive as ever! One partridge in a pear tree: $204.99 (Up from $184.99 in 2011) Two turtle doves: $125.00 (No change from 2011) Three French hens: $165.00 (Up from $150.00 in 2011) Four calling birds: $519.96 (No change from 2011) Five gold rings: $750.00 (Up […]
Last week, the Federal Housing Administration made headlines when it ended September with $16.3 billion in projected losses. Now some officials are speculating that the Administration will need a taxpayer “bailout” by the US Treasury. The FHA is required to hold cash in reserve to cover its liabilities—the mortgages it ensures. However, the housing recovery […]
French inspired British sandwich chain Pret A Manger is set to open its first two stores in Boston this week. The first store, located in the Financial District at 185 Franklin Street, opens November 14th. The second, located in the Back Bay at 507 Boylston Street, opens on the 15th. The chain, which was […]
Hanover Co., a Houston-based developer, has its sights set on Boston. The developer announced that it will break ground on two apartment complexes by the year’s end. The developments, one in Boston and the other in Cambridge, are the newest additions to Boston’s ever-changing skyline. The Cambridge development, a 398-unit apartment complex, will commence next […]
iParty Corp. reported sales of $16.4 million for October, a 6.5% drop from total sales from the same period last year. The party goods retailer has attributed loses to a week economy and hurricane Sandy, which affected retailers in the New England area. In response to these figures, iParty has outsourced and hired an investment […]
Say goodbye to Johnnie’s Foodmaster, a supermarket chain founded in East Cambridge in 1947. Last week it was confirmed that all 10 Foodmaster supermarkets are closing. After 65 years in business, doors are set to close on November 30th. Reports that Whole Foods Market would purchase 6 of the 10 leases the Foodmaster chain held […]
