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CanalSide Food + Drink at CambridgeSide opens
Opening October 25th, CanalSide Food + Drink at CambridgeSide, is a new food experience offering local fare with global flair. CanalSide offers visitors waterfront views, a collection of eateries, and a centrally located bar. C-Side Bar, situated in the center of CanalSide, presents a selection of craft cocktails, beer, and wine available to pair with […]
IRS again delays small-business tax-reporting requirement
By Andy Medici The IRS has delayed a requirement that business owners and freelancers report more than $600 in income from platforms such as PayPal and Venmo. The agency in a recent notice said it will instead phase in that reporting requirement over the next few years. Taxpayers will be required to report total income of more than […]
Target plaza in Cambridge’s Porter Square sells for $20M
By Greg Ryan CBRE Group Inc.’s investment arm has sold a shopping plaza in Cambridge’s Porter Square to two local firms for $20.1 million. Crosspoint Associates and Long Wharf Capital now own Porter Square Galleria, a 55,610-square-foot property anchored by a Target Corp. store. The plaza is 96% leased, with Retro Fitness, Citizens Bank and Anna’s Taqueria among its other […]
Beacon Hill negotiators agree on 225 New alcohol licenses for Boston
By Sam Doran and Sam Drysdale, State House News Service After years of debate, lawmakers finally came to an agreement to expand the number of alcohol licenses in Boston. There are 225 new licenses authorized in a compromise bill filed by House and Senate negotiators Tuesday afternoon, including 195 “restricted” licenses specifically marked for neighborhoods […]
Simon Moves To Give Up Philadelphia Mall, Canceled Deal Could Signal Fatigue, Relocation Plans Spell Trouble for DC Office Loan
By Mark Heschmeyer Simon Moves To Give Up Philadelphia Mall: Retail real estate investment trust Simon Property Group is working with lenders to turn the title over to its 1.21 million-square-foot Philadelphia Mills Mall rather than pay off debt that was set to come due this month. The property backs $103.7 million in outstanding commercial mortgage-backed securities debt spread […]
Retail space availability has reached its lowest point in decades
By Mitchell Parton As retailers push into new cities and brands lean hard into brick-and-mortar as a strategy, it has become incredibly difficult to find space for a new storefront. Financing constraints due to elevated interest rates as well as zoning and infrastructure restrictions in some jurisdictions have limited construction of retail developments, limiting the amount of space on the […]