Articles Posted in the " commercial real estate " Category

  • Social media in Commercial Real Estate

    Trends in marketing for commercial real estate firms indicate that companies have moved beyond basic social media outlets to reach audiences. In the age of technology, online interaction has become essential. “Our industry has definitely joined in strategically implementing social media into our marketing plans,” said Ilene Jablonski, vice president of marketing of the multi-billion […]

  • Commercial property tax increases in 2013

    Commercial property tax has increased in and around the Boston area. The 2013 numbers are out and communities such as Everett, Framingham, and Holyoke experienced increases in their already sky high rates. Everett’s commercial property rate is much higher than any other city in the area at $43.04 for every $1,000 of assessed property value. […]

  • Trends to look for in the commercial real estate market

    In the past years, the commercial real estate market has experienced a multitude of changes in response to poor economic conditions. Tenants, particularly large public firms, have been downsizing to cut costs. Office spaces are changing to accommodate downsizes. For example, non-dedicated offices and flex spaces are being utilized to diminish costs. In addition,  Norm […]

  • State Street building remains empty

    One Lincoln Street—better known as the State Street Financial Center—is still on the market. The building was put on the market nearly 20 months ago by New York-based real estate group Fortis Property for $1.15 Billion. Brokers believe the reason why the property has failed to sell is likely due to its price. In addition, […]

  • NorthPoint construction begins

    Construction on NorthPoint, a 20-story apartment complex, has commenced in Cambridge. HYM Investment Group, the real estate developer behind the project, stated that $2 Billion development could encompass 5 million square-feet and will include residential, commercial office, biotech, and retail opportunities. The residential portion of the development will include 355 luxury units. Progress on the […]

  • Stephanie Deering of ABG Realty leases 2,000 SF to Upward Spiral Studios.

    Stephanie Deering of ABG Realty was the sole broker in the transaction and coordinated the lease between the parties Upward Spiral Studios (the Lessee) and YWCA Cambridge (the lessor). This gym / flex space in the heart of Central Square is situated in a great location in between Mass Ave and Prospect Street. The building […]

  • Beantown Bed & Biscuit’s interactive doggy daycare

    ABG Commercial Advisors is pleased to announce that Peter Mayfield, licensed commercial real estate sales & leasing representative, has successfully found a new space for one of Boston’s up-and-coming luxury destinations geared toward the prestigious pooch. Beantown Bed & Biscuit’s interactive doggy daycare—a local hotspot that is sure to become your dog’s home away from […]

  • Giving Thanks To Our Readers.

    Hi All, We would like to thank you for reading our blog and keeping up with our company updates.  We hope you all have a great Thanksgiving weekend. We will return to blogging on Monday.  Look forward to more things coming soon. ABG Commercial

  • Vancancy Rates in Cambridge/Boston Improving

    Vancancy Rates in Cambridge/Boston Improving

    Since the second quarter of 2011, Vacancy rates in Cambridge have been improving. Cambridge’s vacancy rate peaked that quarter at 10.3% and has been steadily declining since. The figures are in for the second quarter of 2012 and vacancy rates have dropped to 9.4% with a total of 10,137,858 square feet vacant in the Cambridge […]

  • 300K of improvements to Mechanics Hall

    300K of improvements to Mechanics Hall

    Mechanics Hall a concert venue in Worcester, Ma is to undergo $300,000 in renovations. The money will be used to restore the 1864 pipe organ. There will be repairs to the roof, the elevator shaft, the exterior walls and the windows.  The speaker system and amplifiers in the venue are 30 years old; funds will […]

  • JP Licks returns to the Back Bay!

    JP Licks returns to the Back Bay!

    After the closing of Jp Licks ice cream on Newbury Street, the ice cream shop has announced they will be returning to a new location in the Back Bay! Looney Tunes, Boylston St. (below) JP Licks on Newbury before closing (below) The new location is the former “Looney Tunes” record store on Boylston Street, near […]

  • East Cambridge Revitalized: The Old Sullivan Courthouse

    East Cambridge Revitalized: The Old Sullivan Courthouse

    This week, proposed plans for the redevelopment of the Edward J. Sullivan Courthouse in East Cambridge progressed, with three of an original six companies moving forward into a second round of bidding. The East Cambridge Planning Team, a state agency responsible for redevelopment of the Sullivan Courthouse, identified a proposal submitted by HYM Investment Group […]