Acton, MA – Bernard Gibbons, Senior Vice President of ABG Commercial Realty, successfully facilitated a 3,500 square foot retail lease for ColorWorks Acquisition LLC at 248-270 Great Rd in Acton, MA. The owner of the property is East Acton Plaza LLC. ColorWorks is a leading provider of paint, wallpaper, and window treatments for both residential […]
By Lucia Maffei Needham-based Tripadvisor Inc. is ready to evaluate takeover proposals. The travel metasearch firm (Nasdaq: TRIP) said Monday that independent directors of its board have formed a special committee “to evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor.” TripAdvisor”s shares jumped 14% […]
By Erik Sherman When do you know that a CRE market in a slump has hit bottom? Here’s the answer you get from Steven Jason, managing principle of EOS Real Estate and Financial Advisory: “The simple answer is nobody knows, and you don’t know until you’re past it and can see it in hindsight,” he tells […]
By Jeanna Smialek Federal Reserve officials held interest rates at their highest level in more than two decades at their first meeting of 2024 and hinted that their next move will be to lower borrowing costs — even as policymakers made clear they are not yet ready to make that cut. Jerome H. Powell, the […]
by Carol Todreas Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars. Since then and particularly now with the abundance of retail on the internet, physical […]
Date Release: For Immediate Release Burlington, MA – ABG Commercial Realty facilitated a 12,739 SF office/flex lease for McPhail Associates LLC at 42-44 Third Ave with Nordblom Management Company Inc. McPhail Associates has been providing geotechnical engineering services to architects, owners, contractors, institutions, and developers for over 40 years, and will be relocating in the […]
By Boston Real Estate Times CAMBRIDGE, MA—Although Maureen McCaffrey manages planning and development of capital projects in MIT’s Cambridge commercial real estate portfolio, don’t get surprised if you hear her “break into song” with the slightest trigger of a word or phrase. “One out of every hundred people find it amusing! Keeping with the music theme, I […]
By: Emily Fu Trammell Crow Residential (TCR), part of Crow Holdings, has initiated construction on Alexan Peabody, a 180-unit luxury multifamily residence in Peabody, Massachusetts, slated for completion in Q4 2025. Located along Route 1 at 128 Newbury Street, the development offers studio to three-bedroom units, including 25% affordable housing at 80% of Area […]
By Greg Ryan The office-market meltdown in downtown Boston is about to enter a new stage. Many landlords have accepted the harsh post-pandemic reality that their buildings have fallen in value, so much so that they are willing to argue as much to the city to try to cut their tax bills, according to property owners […]
By Richard Berger There are early signs of recovery within the life sciences environment following a recent investment slowdown as venture capital is re-emerging, tenants are coming off the sidelines and average deal sizes are hitting all-time highs, according to a recent report from Cushman & Wakefield. Its research manager, Sandy Romero, said venture capital […]
