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 […]
The sale of luxury goods has always been a vital component of the retail market. In order to appeal to the world’s wealthiest customers, some retailers have begun to make slight changes in their operating strategy. Neiman Marcus Inc. is one such example. The global retailer specializing in high-end fashion items, filed its initial public […]
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 […]
Julian Lewis of ABG Realty recently leased 2,750 square feet of retail space on 655 Eastern Ave in Malden to Parisian Style Beauty Supplies. Parisian Style signed a 5 year lease for the space in Route 60 Plaza, with an expected opening date of September 1st. It will be relocating from their current location of […]
Julian Lewis of ABG Realty recently represented Redbones in the transaction of 333-339 Commercial Street in Malden. As a result of the transaction, Redbones is excited to announce that they are opening up a second location on Commercial Street in Malden! The famous Southern barbeque restaurant signed a 10-year lease for the 9,000 square-foot building formerly occupied by Rosebud […]
In less than a week from now, the massive redevelopment project of NorthPoint will take a major step forward. The ceremonial groundbreaking of one of the project’s apartment towers is scheduled for Wednesday May 29th. Located on a 45-acre parcel of land in Cambridge at the edge of the Charles River, the property is expected […]
A local food truck company plans to open their first restaurant in Somerville’s Magoun Square. This is a major move for Pennypackers, a small company which currently operates with two trucks, one in South Boston and the other near Boston University in Brookline. The company’s Facebook page states that the Somerville Zoning Board of Appeals gave the […]
After an alarming decline of 0.5% in March, retail spending has shown minor improvement in April, as sales showed a positive increase of 0.1% to $419 billion. In spite of this improvement, the Washington D.C.-based Conference Board predicts that the spring spending swoon will carry over to the summer. According to the Conference Board, the […]
A plan for the construction of a new commuter rail station in Brighton on the Worcester line received initial approval from the Massachusetts Department of Transportation’s Finance Committee on Tuesday. The new stop, which is estimated to cost 14 to 16 million dollars, is situated right next to New Balance’s proposed 235 million corporate headquarters. Boston […]
Figures for quarter 4 are out and Boston’s retail market remained relatively stagnant. In fact, the vacancy remained at a constant 4.4% between quarters and vacant subleased space only increased by a negligible 38,829 square feet. Over the past year, Boston’s retail market has experienced an overall decrease in vacancy rates from 4.5% in Q1 […]
