Despite Federal Reserve chairman Ben Bernanke’s expectations of only moderate economic growth this year, Americans are less worried about losing their jobs and more willing to spend money. This change in attitude is reflected in the numbers. The Commerce Department reported that retail sales were up in December, the sixth month in a row, making […]
Press Release Source: Yum! Brands, Inc. On Tuesday January 18, 2011, 10:35 am EST LOUISVILLE, Ky.–(BUSINESS WIRE)– Yum! Brands, Inc. (NYSE:YUM – News) today announced its plans to place its Long John Silver’s and A&W All-American Food Restaurants for sale, and has begun a process to identify a buyer. The Company is sharpening its long-term […]
More than 7 million sq. ft. of retail projects slated for completion in 2010 were delayed or cancelled. This pullback in construction led to only 4.1 million sq. ft. of retail space coming on line, the lowest figure for annual deliveries in the 30-year history of Reis. The recovery prospects for the retail sector will […]
Timberland Co., a New Hampshire company specializing in boots, footwear, and rugged apparel, said it plans to open a new store on Boston’s Newbury Street that will showcase its brand. Construction for the new store on the corner of Newbury and Exeter streets has begun, and the plan is for the store to open in […]
Chicago-based Equity Residential wants to replace the Garden Garage across from the TD Garden with 500 new apartments by fall 2015. Under the $300 million plan filed with the Boston Redevelopment Authority, the 710-space parking facility at 35 Lomasney Way off Martha Road in the West End would be replaced with two buildings. One would […]
Jim Cohen figured it would be a slam-dunk: Bring discount retailer Ocean State Job Lot to a vacant building he owns on a rundown block on Somerville’s Winter Hill. Tweet Be the first to Tweet this!Submit to DiggdiggYahoo! Buzz ShareThis The store would restore some life to the neighborhood, provide several dozen jobs, and offer […]
Call it the Great Migration: The year that was! Boston had an additional 800,000 square feet of office space go vacant while the suburbs filled almost 1 and ¼ million square feet of previously vacant office space. Although this can be attributed to a myriad of factors, the most obvious is money. Massachusetts employers saved […]
Hostelling International USA has purchased 25 Stuart St. in Boston for $15 million. The nonprofit said the six-story building will serve as a 450-bed hostel, roughly double the size of Hostelling International-Boston’s existing facility at 12 Hemenway St. Hostelling International said it will remain at Hemenway Street until the planned renovations at its new Stuart […]
Robert L. Culver is leaving the helm of MassDevelopment after seven years in the post, the chairman of the agency’s board announced Wednesday. Gregory P. Bialecki, who chairs the board and also is the state’s secretary of housing and economic development, praised Culver for his “passion for rebuilding communities.” Culver, in a prepared statement, called […]
Economists surveyed by The Wall Street Journal are increasingly optimistic about the pace of the recovery, predicting the U.S. will grow at better than a 3.2% annual rate in each quarter this year. “The U.S. economy appears to have successfully navigated the adjustment from a recovery driven primarily from economic stimulus and inventory rebuilding to […]
