Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the exciting transformation that Somerville’s historic Union Square is undergoing. Travellers will find a design forward, accessibly priced hotel that celebrates the city’s […]
By John Worth & Savannah Delullo, Via Nareit Commercial real estate fundamentals continue to point to strong performance in the retail, multifamily, and industrial sectors with vacancy rates mostly declining on a year-over-year and quarter-to-quarter basis, robust rent growth, and positive excess demand. While there has been improvement in the office sector, the impact of […]
By Jane Dollinger via Nareit During Nareit’s REITwise: 2022 Law, Accounting & Finance Conference, Nareit spoke with several REIT finance veterans about what they love about the REIT industry and why young finance professionals should pursue a career in real estate. Find their answers below, and follow #REITjobs on LinkedIn to find your next position at a […]
by Jenn Elliot / via WealthManagement.com Retail properties of all types, from grocery-anchored centers to enclosed super regional malls, have experienced a burst of leasing activity over the past 12 to 18 months. And even the most pessimistic real estate experts contend that the deal flow reflects the retail industry’s recovery. Preliminary data for the […]
by Maile McCann / via modernretail.co Apparel brands and retailers are investing in high-tech fitting rooms in their brick-and-mortar stores. 2021 was the year of the virtual fitting room: Walmart, Shopify, Amazon and Snap all invested in augmented or virtual reality tech to help customers visualize what clothes might look like on, as the pandemic kept them […]
by Parija Kavilanz / via CNN Business As Covid restrictions ease, expect to see more malls morph into family entertainment destinations where shopping may not even be what draws shoppers in. Retail analysts say it’s become necessary for mall operators to diversify the in-mall experience beyond shopping in order to stay relevant to consumers — […]
via wealthmanagement.com / by Jenn Elliot Mortgage bankers and lenders across the U.S. want real estate owners to know one very important fact: debt is widely available for retail properties after a couple of years of being hard to come by. “People are still trying to figure out if there’s debt for retail properties,” says Tom Melody, […]
by Greg Ryan / via Boston Business Journal Jen Faigel, the executive director of the food-business incubator CommonWealth Kitchen, has long wanted the nonprofit to own its building in Dorchester, rather than rent space there from the Dorchester Bay Economic Development Corp. CommonWealth announced Friday that the dream is now reality: The incubator purchased the […]
by Gary Higgins | via Boston Business Journal Rent will increase at 1.75% for the first 10 years and at between 1.75% and 2.50% over the remainder of the lease. Wynn said it will retain its 13-acre developable land portfolio on the east side of Broadway in Everett, where it plans to build an expansion […]
by Grant Welker | via Boston Business Journal Two veteran restaurateurs in the North End, Frank DePasquale and Nick Varano, are joining for a second eatery at Encore Boston Harbor. The Varano Group owns and operates Strega North End, Rina’s and Nico. DePasquale Ventures owns and operates Bricco Ristorante, Mare Oyster Bar, AquaPazza, Quattro, Assaggio, […]
