Updates in the world of Commercial Real Estate
Macy’s is closing its Chestnut Hill store as part of what the company calls an annual review process that selectively prunes underperforming locations. The store, which opened in a former Bloomingdale’s location at the Chestnut Hill Shopping Center in 2007, will start a final clearance sale on Sunday that will run for about 10 weeks. […]
Commercial real estate covers a large chunk of the real estate world. It includes office and retail properties like shopping centers, industrial properties, land and investments and hotel /resort properties. There are various agencies involved in this line of business and they aim to provide the entire range of corporate and investment services to the […]
The fourth quarter data barrage is underway, and a report from one highly respected commercial real estate shop indicates there’s more space available in the Boston market than there was a year ago. This is not a huge surprise, but there’s always value in dealing with hard numbers rather than anecdotal information. According to the […]
QUINCY, MA – The Quincy City Council approved the master agreement for a $1.28 billion redevelopment of Quincy Center anchored by a unique financing plan that Mayor Thomas Koch and the City’s private development partners, Street-Works Development LLC, believe could become the new model for urban redevelopment projects across Massachusetts. The project – which marks the […]
CHELSEA, Mass.— ACS Development Corporation, a premier property developer, announced the expansion of a current tenant in its Arlington Center property at 311-321 Broadway Street. GEMMA Italian Ristorante, an authentic family-owned Italian restaurant, is expanding its operations by 5,233 square feet and moving into the space formerly occupied by Krazy Karry’s. “GEMMA’s success is a […]
As Boston homeowners face a 7.5 percent property tax hike and the city’s schools confront a $63 million shortfall, a city watchdog group is asking the Menino administration to sell a pair of underused buildings in the North End that could fetch more than $15 million. The Boston Finance Commission wants to know why Mayor […]
How does one go about filling 350,000 square feet of empty Class A office space in a market still plagued by negative absorption? Very slowly, says Ted Oatis, a partner with The Chiofaro Co. in Boston. In roughly two weeks, such a chunk of space will officially be vacated at International Place, the 1.9 million-square-foot […]
Samuels & Associates announced this week its plans for the 2.2 acre parcel known as the Fenway Triangle, unveiling a blueprint for 290 residential units, 225,000 square feet of office space and a smattering of retail and parking facilities. The plan, filed with the Boston Redevelopment Authority Monday, is the first step in the BRA’s […]
Street-Works LLC has struck a deal with Quincy officials that will see the firm partly finance some $227 million in public infrastructure projects in exchange for the right to expand its already ambitious $1.3 billion mixed-use redevelopment of the city’s commercial center. The financial and permitting arrangement were included in the project’s master plan that […]
Rendering, Northborough Crossing – Northborough, MA Shown (from left) are Douglass Karp, lt. governor Tim Murray and Stephen Karp. Northborough, MA Construction is well underway for Northborough Crossing, a 600,000 s/f open-air retail center being developed by New England Development in partnership with Brendon Properties and The Wilder Companies. The first new, major retail project […]
