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. […]
On February 5, 2013 the East Cambridge Business Association released updated plans to revitalize Kendall Square as a world-renowned center of innovation. The goal of redevelopment is to create a vibrant, mixed-use district that will compliment innovations underway on MIT’s campus. ABG Commercial is excited about the development of the PUD-5 district. As the housing […]
A new trend called paint-and-sip is making a mark on Boston. In 2010, Jill Kerner Schon opened The Paint Bar, a unique business that teaches costumers how to paint, while serving wine and other beverages. The Paint Bar was the first business of its kind to open up in the area, however, soon after the […]
Jason Owens, the man behind Bee’s Knees Supply co., is making waves in South Boston. The high end supermarket, slated to open this winter, will boast a unique selection of high-quality, gourmet foods. The store will include 5,500 square feet of fresh produce, meats, seafood, as well as downtown Boston’s largest selection of cheese. In […]
ABG Realty is pleased to present 3,000 sqft of extremely convenient Somerville office space for lease located at 10 Garfield Ave. Priced at a reasonable rate and located with easy access to Interstate 93, 90 min to downtown Boston and walking distance to Sullivan MBTA Station. The office is a 1,200 sqft semi-furnished space with 2 […]
Construction on NorthPoint, a 20-story apartment complex, has commenced in Cambridge. HYM Investment Group, the real estate developer behind the project, stated that $2 Billion development could encompass 5 million square-feet and will include residential, commercial office, biotech, and retail opportunities. The residential portion of the development will include 355 luxury units. Progress on the […]
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 […]
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 […]
