Updates in the world of Commercial Real Estate
Residents of Massachusetts can expect an increase in the average property owner’s tax rate by next year. The Department of Revenue has reported that 21 community property tax rates have been approved and all but the towns of Eastham and Alford plan to increase rates on residential and commercial property (Boston Business Journal). The expected […]
Wegmans, a high-end grocery chain based in Rochester, New York, is set to break ground on a new Massachusetts store on October 16th. The family owned grocery chain opened its doors in 1916 and today boasts 78 stores in 5 states and employs over 40,000 people. The new 135,000 square-foot store, located in Northwest Park […]
Athenahealth, a health information technology firm, is on the search for a new headquarters. CEO Jonathan Bush said, “We’ve got to expand or more,” regarding the companies current location in Watertown, MA. The company is looking to triple the size of its headquarters to around 1,000,000 square feet of office space. The space will be […]
Since the second quarter of 2011, Vacancy rates in Cambridge have been improving. Cambridge’s vacancy rate peaked that quarter at 10.3% and has been steadily declining since. The figures are in for the second quarter of 2012 and vacancy rates have dropped to 9.4% with a total of 10,137,858 square feet vacant in the Cambridge […]
The New England Revolution, a professional soccer club based in Foxborough, may be moving. The owner of the club, The Kraft Group, is interested in constructing a new $100 million soccer stadium in Assembly Square, Somerville. Currently, the team plays at Gilette Stadium, which has a massive capacity of 68,756. Unfortunately for the Revolution, the […]
After the closing of Jp Licks ice cream on Newbury Street, the ice cream shop has announced they will be returning to a new location in the Back Bay! Looney Tunes, Boylston St. (below) JP Licks on Newbury before closing (below) The new location is the former “Looney Tunes” record store on Boylston Street, near […]
Today at 400 Technology Square in Cambridge leases totaling 162,000 square feet have been signed. The involved companies were as follows: The Massachusetts Institute of Technology (MIT), The Ragon Institute Harvard University Epizyme Warp Drive Bio Aramco Services Co. Alexandria Real Estate Equities (NYSE: ARE), an owner, operator, and developer of life science office and […]
Brace yourselves Boston – the phenomenal Shake Shack is making its way here next year! The chain is set to open its first store at the Chestnut Hill Shopping Center next year. I had the pleasure of enjoying one of Shake Shack’s burgers at their brand new New Haven, Connecticut location this weekend. Although the […]
Charley’s Eating and Drinking Saloonon Newbury closed its door’s less than a week ago. Now Frye Boot Co. is looking to open up shop in Charley’s place. Looking to sign as early as Friday, the 8,000 square foot property will undoubtedly be off the market soon. Frye Boots is a 149-year-old company, and has its […]
Love fine Italian food? Good news, the Italian sisters who opened NEBO, or The North End Boston restaurant are set to open another location at Atlantic Wharf by next year. (Above Left, The sister’s new location in Atlantic Wharf, Above Right, The sister’s existing location in Boston’s North End) The Pallotta sisters, Carla and Christine […]
