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May 25, 2021

Amazon Buys Shuttered Revere Movie Theater For $50M

[Digital Summit] It pays to be second: I-495 Corridor's competitive edge as the alternative to downtown Boston May 26

Amazon has bought a former movie theater in Revere, breaking its pattern of leasing warehouse developments and purchasing the site outright.

Amazon Buys Shuttered Revere Movie Theater For $50M

National Amusements sold the Showcase Cinema de Lux at 565 Squire Road for $49.8M to Amazon, Suffolk County land records show. The former 10-screen, 102K SF movie theater permanently closed in December amid reports the site was under a sale agreement to Philadelphia-based developer

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Waltham Contractor Taps New Director Of Cannabis To Lead Cultivation, Retail Projects

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A Boston-area contractor with a national cannabis construction portfolio has named a new leader for its cannabis business.Vantage Builders promoted Margaret Cachel to the new role of director of cannabis, the company announced Tuesday. Cachel, an industry veteran and previously Vantage’s chief estimator, will…

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A New Frontier For CRE: Cannabis Brokers Work To Corner The Market Before The Big Names Make A Move

Cannabis is a new frontier for real estate, a kind of Wild West, with danger lurking but money to be made, and that has led many brokers and real estate professionals to at least consider what it would be like to get into the cannabis business. Experts caution, however, that much like the actual frontier era, it’s a marketplace that’s challenging, not for everyone and prone to rapid shifts, even while the opportunity remains.

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A Fraction Of Federal Relief Has Made It To Renters As Eviction Moratorium Hangs By A Thread

A Fraction Of Federal Relief Has Made It To Renters As Eviction Moratorium Hangs By A Thread  

The $45B that the U.S. government has allocated for rent relief in the past six months has barely made a dent, and time may be running out for it to fulfill its purpose. Over 340 programs have been launched by states and municipalities to distribute federal >

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Reaching Out Post-Covid: What Event Spaces Does The Workplace Need?

 

BIRMINGHAM, UK — Last week something amazing happened in Birmingham, UK. Ten people, none of whom were related to one another and none of whom shared a house, met in a room in an office block on Colmore Row.

They took their masks off. They shared a long conversation and then walked 10 or 12 metres to another room, where they had some nice sandwiches and a glass or two of beer. It was remarkably normal and, as a result, completely extraordinary. Just real, live people, all a bit dazed by the experience, and all of whom had panicked about the dress code.

Fifteen months into the coronavirus pandemic, something as simple as a business roundtable event now feels giddy and exotic. 

The evidence, limited though it is, suggests substantial pent-up demand for business events more or less exactly like those people were enjoying pre-pandemic.

As the UK economy unlocks and the return to work begins, many more businesses will be seeking to host events as they reach out to clients and contacts. Will the in-workplace events space be there to meet their needs? 

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