News: Retail

National Amusements signs lease for 55,000 s/f theater at Westgate Mall

According to Gregory Greenfield & Assoc., Ltd. (GG&A), National Amusements, Inc. and the city of Brockton, a lease has been executed for the opening of a 55,000 s/f, stadium-seated, state-of-the-art 12 screen theater at Westgate Mall. Construction is scheduled to start this spring in anticipation of a mid-2009 opening. In addition to the new theater, GG&A also plans to add a 23,000 s/f lifestyle addition adjacent to the theater that will include a free-standing restaurant and several other retailers. The project will also include improvements to the mall's entrances and signage. According to Scott Boggio, senior development officer of GG&A, "Today's announcement is the culmination of a collaborative effort with National Amusements, and the city of Brockton, to meet our customers' desire for a movie theater, lifestyle retailers and a casual sit-down restaurant. The redevelopment will dramatically change the face of the center and the shopping experience at Westgate Mall." "National Amusements is pleased to work with mayor Harrington and the city of Brockton, along with Gregory Greenfield & Assoc., to bring the pleasures of the movie-going experience back to the city," said president of National Amusements, Shari Redstone. Westgate Mall is currently anchored by Macy's, Sears, Best Buy and Marshall's and includes many other national, regional and local retailers. The mall is managed and leased by Jones Lang LaSalle, a diversified real estate services organization.
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Ask the Electrician:  How do I prepare my commercial building for a disaster?

Ask the Electrician: How do I prepare my commercial building for a disaster?

New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary