ABG Commercial Realty

Retail Space: A Hot Commodity
Finding the perfect storefront is tougher than ever. Limited retail construction, high demand, and fierce competition are driving up rental rates and making it challenging for retailers to expand. Prime locations are becoming increasingly scarce. https://hubs.li/Q02Lt9V60

Fed's Goolsbee signals potential rate cut amid cooling economy. 📊 Interest rates may be lowered at the next Fed meeting as inflation eases and job growth slows. However, the central bank will take a cautious approach, closely monitoring economic data. rates https://hubs.li/Q02LkRSF0

Exciting news for the scene! Charles River Labs is opening a new, flexible CRADL facility in Somerville this July. From lab space & equipment to scientific expertise, CRADL provides a cost-effective path for drug development. https://hubs.li/Q02Jtx470

Welch's is moving its headquarters from Concord to Waltham! 🍇 The iconic juice company is trading its historic roots for a modern space in Reservoir Place. The move aims to attract new talent, improve accessibility, and enhance the company's brand visibility. https://hubs.li/Q02Jtx480

Flatiron Energy eyes Brighton for massive battery storage facility. 🔋 The company has filed plans for a new project dubbed "Lite Brite" on Electric Avenue. This follows a similar project announcement in Chelsea. Details about the facility's capacity are still under wraps. https://hubs.li/Q02JtxN80

Boston's high cost of living is pushing young talent out! 💸 Recent grads love the city, but soaring rents and home prices are forcing many to consider leaving. This housing crisis threatens Boston's future. https://hubs.li/Q02JtvSw0

Cambridge startup SiTration raises $11.8M to revolutionize metal recovery! ♻️ Their innovative silicon filtration system reclaims critical metals like copper, cobalt, and lithium-ion from mining and manufacturing waste. This game-changing tech reduces environmental impact and boosts sustainability. https://hubs.li/Q02Jttyp0

The Federal Reserve kept interest rates unchanged today, but signaled a more cautious approach to future cuts. While inflation is cooling, it's still above the Fed's target. Expect at least one rate cut before the end of the year, but the timing remains uncertain. rates https://hubs.li/Q02Jtxk_0

Immigrants are fueling entrepreneurship in Massachusetts! 📈 New research shows a strong connection between foreign-born residents and business growth. https://hubs.li/Q02Jtpqy0

Anduril Industries is diving into Rhode Island! 🌊 The defense contractor is building a Business Park to produce autonomous underwater vehicles. This is huge news for the state’s economy! https://hubs.li/Q02Jttyn0

The Street in Chestnut Hill is about to level up! 🎉 Their massive expansion opens Thursday with hot new brands. Can't wait to explore! 🛍️ https://hubs.li/Q02Jtxcz0

Thinking AI & tech career? Boston is calling!

Top universities, well-funded startups, & a resilient job market make it a leader in global innovation. https://hubs.li/Q02FHQk90

In 1994, South Africa witnessed a historic moment with Nelson Mandela's election, marking a peaceful transition from apartheid to democracy. Today, challenges loom large as South Africa faces economic stagnation, crime, and corruption. Can the ANC reverse this decline? The upcoming elections on May 29th will decide. https://hubs.li/Q02FHXCv0

The Fed's on hold! Recent inflation data shows some improvement, but not enough for rate cuts yet. Watch for updates as the Fed monitors progress towards their 2% target.
https://hubs.li/Q02FHBxc0

Boston's high liquor license costs are driving talented chefs to open restaurants in surrounding cities. This hurts diversity & innovation in the food scene. https://hubs.li/Q02FHTGr0

Lyra is laying off most employees & exploring strategic options after their drug for sinus inflammation failed a late-stage trial.

This follows a 90% drop in stock price. https://hubs.li/Q02FHG8y0

Somerville Media Center Expands at Somernova!
Bigger & better! SMC's new media center will spark creativity & empower young minds. https://hubs.li/Q02Fz_rl0

US job market shows signs of cooling Hiring slows & wage growth eases, offering some relief on inflation. But is it a soft landing for the economy? https://hubs.li/Q02FB3xF0

Construction has begun on the tallest building in Cambridge yet! The 37-story residential tower at 121 Broadway will offer stunning views, a sky deck, and on-site amenities. https://hubs.li/Q02FB3_x0

Boston's food scene is sizzling hot! From new restaurants by celebrity chefs to exciting food hall openings, there's something for everyone. Mediterranean, Italian, markets & more! https://hubs.li/Q02FB9Q20

Boston's dream home turning into an impossible dream? New report shows housing costs skyrocketing compared to wages over 50 years. Is the American dream disappearing? https://hubs.li/Q02FBdz20

$2 trillion CRE loan wall: Fact or fiction?
Is a $2 trillion wave of commercial real estate debt about to hit banks? Experts say the real number might be lower, but there's still reason for caution. https://hubs.li/Q02FB54G0

Somerville Media Center expands to new home at Somernova!
The beloved Somerville Media Center (SMC) is moving to a new, state-of-the-art space at Somernova! https://hubs.li/Q02FzWcX0

Takeda leases massive R&D space in Kendall Square!
600,000 sq ft dedicated to cutting-edge research! This new development by BioMed Realty will also feature a 300-seat performing arts center accessible to the public. https://hubs.li/Q02FB79y0

CambridgeSide mall's food court getting a major upgrade!
The former food court is being transformed into CanalSide Food + Drink, featuring unique local eateries like Chilacates & Anoush'ella.

Opening this fall, it joins the growing trend of food halls in Boston! https://hubs.li/Q02FB9k70

Forget barter! Governments invented money, not the other way around
The story of money we learned in school might be wrong. This article explores how governments actually created money & its implications for free markets & wealth distribution. https://hubs.li/Q02FB54F0

Cambridge proposes bold solution to housing crisis: Allow 6-story buildings everywhere!
This proposal aims to create more density & affordability by allowing 6-story apartment buildings across the city. https://hubs.li/Q02FzWHW0

Local startup Sublime Systems making a big impact with low-carbon cement! Their innovative product is being used in Boston's largest "net-zero" building & could revolutionize the industry! This is a major step towards reducing embodied carbon in construction. ️



Want to learn more? Check out the full story!

https://hubs.li/Q02FHy5N0

Mixed reactions to a proposed 1.6 million sq ft climate tech expansion with a community center but lacking housing & raising traffic concerns. Residents question environmental impact & zoning changes. https://hubs.li/Q02FB3D10

Happy Fourth of July from all of us at ABG Commercial Realty! Wishing you a safe and memorable Fourth of July! 🎆🎉