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 […]
JCPenney‘s future is looking grim. The CEO of the well-known department store, Ron Johnson, is trying to turn things around by cutting costs and this has many employees worried. This month 300 employees are being laid off including employees in legal, HR, and IT. These firings are a part of their transformation and it is […]
Florida-based Firehouse Subs has big plans. The chain, founded by two fire-fighting brothers Chris and Robin Sorensen, is expanding in the Northeast. Currently, the chain has two operating location in Massachusetts and has another on the way. However, the store that specializes in subs expects to open a whopping 85 locations in the next 5 […]
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. […]
