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. […]
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 […]
