Following the housing bubble, construction of new homes declined sharply. The effects of low home inventories were felt in 2012 and will continue throughout 2013. The MLS Property Information Network reports that prospective buyers in Massachusetts had 23% fewer homes to select from compared to this time last year. In fact, in just Boston alone […]
Bright Horizons Family Solution, a provider of employer-sponsored child care, early education, and work solutions founded in 1986, is scheduled to begin trading on the NYSE today. This IPO is the first for a Massachusetts based company in 2013 and only the 17th in the past two years. Bright horizons will be traded under the […]
Good news for the Massachusetts housing market—sales of single-family homes increase by an astonishing 21% in October compared to last year’s figures. Furthermore, the Massachusetts Association of Realtors reported that October was the 16th consecutive month where sales were higher than during the same month in the previous year. In addition, the group also reported […]
Say goodbye to Johnnie’s Foodmaster, a supermarket chain founded in East Cambridge in 1947. Last week it was confirmed that all 10 Foodmaster supermarkets are closing. After 65 years in business, doors are set to close on November 30th. Reports that Whole Foods Market would purchase 6 of the 10 leases the Foodmaster chain held […]
Residents of Massachusetts can expect an increase in the average property owner’s tax rate by next year. The Department of Revenue has reported that 21 community property tax rates have been approved and all but the towns of Eastham and Alford plan to increase rates on residential and commercial property (Boston Business Journal). The expected […]
Wegmans, a high-end grocery chain based in Rochester, New York, is set to break ground on a new Massachusetts store on October 16th. The family owned grocery chain opened its doors in 1916 and today boasts 78 stores in 5 states and employs over 40,000 people. The new 135,000 square-foot store, located in Northwest Park […]
Charley’s Eating and Drinking Saloonon Newbury closed its door’s less than a week ago. Now Frye Boot Co. is looking to open up shop in Charley’s place. Looking to sign as early as Friday, the 8,000 square foot property will undoubtedly be off the market soon. Frye Boots is a 149-year-old company, and has its […]
Wellington Place, an apartment complex in Medford, Massachusetts, has sold for 40 million dollars. The complex is 6 acres wide and has a total of 137 units. MIREF Wellington LLC bought Wellington Place. Medford is only four miles outside of Boston; this puts Wellington Place within walking distance of the MBTA. The nearest stop is […]
Whole Foods Market, a high-end organic food store dubbed, “America’s Healthiest Grocery Store,” is making its way into Massachusetts—and fast. The construction of six new Whole Foods Markets in Massachusetts has not yet been confirmed; however, the grocer is reportedly in negotiations to either lease or purchase, “6 of 10 Johnnie’s Foodmaster sites in Arlington, […]
