Search
Story results for:
Placemaking and retail in 2024 - by Carol Todreas
January 26, 2024
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.
Puttshack to open second location in 22,000 s/f
space at Natick Mall
January 26, 2024
Natick, MA Puttshack, a leader in upscale, tech-infused mini golf, is opening its newest location on February 10, 2024 at 1245 Worcester St., at the Natick Mall. This marks Puttshack’s second location in Massachusetts following the launch of Puttshack Boston in Seaport in October 2022.
FoxRock Properties arranges 360,000 s/f lease for Yankee Candle
January 26, 2024
Hatfield, MA FoxRock Properties, a real estate investment, development, and management firm, have arranged a lease with The Yankee Candle Company, Inc., which now occupies the full building at 142 Elm St. FoxRock acquired the building in 2022
O’Brien Commercial represents seller in $1.125m sale of 3,500 s/f restaurant
January 26, 2024
Acton, MA Braunfels II LLC has sold Filho’s Restaurant and the 3,500 s/f building located at 59 Great Rd. to Gustavo and Eleni Jolon. Eric O’Brien of O’Brien Commercial Properties Inc. exclusively represented the seller in this transaction.
Reveler Development welcomes Argenta Brewing
January 26, 2024
Portland, ME Reveler Development welcomes Argenta Brewing – a new, tasting-room style brewery specializing in lagers. Argenta Brewing has taken over the space at 82 Hanover St., with the new operation scheduled to open in spring of 2024.
Federal Realty leases 89,997 s/f
at Assembly Square Marketplace
January 26, 2024
Somerville, MA Federal Realty has arranged for two furniture retailers, Bob’s Discount Furniture (38,163 s/f) and Raymour & Flanigan (51,834 s/f) to sign leases at Assembly Square Marketplace to join Ashley Furniture and TJ Maxx/HomeGoods in a concentrated destination
Horvath & Tremblay completes sale of four retail properties totaling $4.78m
January 26, 2024
Somersworth, NH Horvath & Tremblay has completed the sale of four retail properties for a total of $4.78 million. Aaron Huntley, Bob Horvath, Todd Tremblay, and Jack Laurendeau of Horvath & Tremblay have completed the sale of Citizens Bank in Somersworth
For owners of fully-leased buildings looking to sell, demand remains steady for industrial investors...
January 26, 2024
In 2024, we expect that the supply of industrial buildings and spaces in the Rhode Island market will remain low, with vacancy rates that remain in the 1% to 2% range for “modern” industrial buildings.
More certainty, lower rates and increased investment activity in 2024 - by Jeff Miller and Alan Doy...
January 26, 2024
Few of us, if any, in the commercial real estate (CRE) industry will miss 2023. And while we are optimistic about the prospects for 2024 it’s helpful to understand what led to 2023s sharp overall decline in acquisitions and financing activities and how much those factors persist heading into
Despite uncertainties looming over multifamily sector, there is belief the market will maintain stab...
January 26, 2024
The multifamily sector has long been lauded as a reliable investment avenue, drawing interest from both developers and investors due to its resilience in the face of market fluctuations. Housing demand, a key driver for this sector, typically remains consistent regardless of economic cycles.
District RE Advisors negotiates 7,317 s/f lease for Hook + Line restaurant
January 26, 2024
Boston, MA District Real Estate Advisors negotiated the lease of 7,317 s/f for Hook + Line at the base of Mass Mutual’s new headquarters located at 10 Fan Pier Blvd. in the Seaport. Hook + Line is a brand-new concept that comes from famed local restaurateur Tom Schlesinger-Guidelli
What does the restaurant industry look like in 2024? - by Dennis Serpone
January 26, 2024
Unless you’re housebound you’ll be crossing the threshold of a supermarket or a prepared food provider…be it a pizzeria, coffee shop, or full service restaurant. Whether you’re standing at a counter, scanning a billboard for what you want to eat or sitting down reviewing your
Jay Nuss Realty closes sale of Squires Restaurant in Hanover - 3,599 s/f
January 26, 2024
Hanover, MA Jay Nuss Realty Group, LLC handled the sale of the Squires Restaurant, a landmark on Rte. 53 for 40 years. Jay Nuss was the agent who represented the sellers, Paul Squires et al, trustees of The Washington Street Realty Trust.
New Hampshire office and industrial overview - by Kent White, Roger Dieker, Christian Stallkamp and ...
January 26, 2024
New Hampshire Office MarketIn 2023, the New Hampshire I-93/Rte. 3 office market remained stable but saw a slight increase in vacancy reporting at 8.4% and average asking lease rates at $15.36 per s/f NNN. As pre-COVID leases expired, some tenants are downsizing their office spaces, combining remote work with
What goes down will come back up - by Christopher Mellen
January 26, 2024
This will hopefully apply to the 2024 office market as this segment of the commercial market has been most demanding and will continue to be so through 2024. Nationally, the office market continued to have a challenging year with a gasping 19.2%, physical vacancy in the third quarter,
Institutional Property Advisors brokers sale of
grocery-anchored shopping center for $16.6m
January 26, 2024
Merrimack, NH Institutional Property Advisors (IPA), a division of Marcus & Millichap, has completed the sale of Merrimack Village Center, an 82,292 s/f neighborhood shopping center anchored by a Shaw’s supermarket. The property sold for $16.6 million.
Protecting your property and managing your risk - by Spencer Macalaster
January 26, 2024
Whether you’re in the business of buying, selling, leasing, managing, developing, or redeveloping property, you have a lot to oversee. With so many factors in play, an off-the-shelf approach to insurance will not protect you or your business should disaster strike. - by Spencer Macalaster
“New Year, New Me,” so the warehouse wanted to say - by David Skinner
January 26, 2024
Every year, the memes on Instagram are the same thing in January. Each is some version of the bright-eyed and bushy-tailed young person in a car or on a beach or somewhere having a great time and clearly excited for what is about to come, side by side with someone who is in the same place, but the scene
The increase in interest rates has had a profound effect on the hotel sales activity - by Earle Was...
January 26, 2024
When Karen Dowell, our friend from the New England Real Estate Journal, called me to write an article for the 2024 Forecast, as usual, I reluctantly agreed. I believe in all my 50 years as a Realtor this may be the craziest and most unpredictable period I can remember. I reread my 2023 Forecast
2024, new year, new hopes, same issues - by David O'Sullivan
January 26, 2024
We start the new year of 2024 with more optimism than the last year. Why is the reason? Most of the same issues our industry has been dealing with remain today much as they did last year but some of the pessimism of the economists is gone. Some interesting statistics are that in 10/22, 63% of economists