Facing identical store sales of a negative 4.9% in its third quarter, grocery store owner operator SuperValu Inc. is planning to cut costs including layoffs and closures and/or the sale of some of its store brands in the Northeast U.S. As a group, SuperValu’s Northeast banners pulled down corporate-wide store sales by more than 150 […]
There usually are no second acts in real estate. If you develop a property and it does not pan out like you thought, usually another firm gets a chance to clean up the mess. That’s what makes the case of the 305,303 sq. ft. Woodbury Lakes open-air lifestyle center in Woodbury, Minn., a bit […]
CANTON — When OneBeacon Insurance Group acquired the former EquiServe headquarters campus in 2005, OneBeacon executives had always envisioned the Canton building as a multi-tenant campus. Finally, the insurance company is ready to share. OneBeacon hosted its first open house for commercial real estate brokers Wednesday as it looks to find tenants to fill as […]
Massachusetts construction firms say the public sector offers the best growth opportunities for their businesses, although two consecutive years of hardship have left many hesitant to add workers or invest in new equipment. That’s according to a new study by the Associated General Contractors of America, a Virginia-based industry group boasting some 33,000 member firms […]
THE REPLACEMENT of Hi-Lo Foods with a new Whole Foods Market will be an epochal event, not just for the changing neighborhood of Jamaica Plain but also for the Latino community that Hi-Lo has served for 47 years. The current store is hardly the most modern of supermarkets, but what it lacks in sophistication it’s […]
End of an era for Latino grocery For Jamaica Plain’s eclectic mix of hipsters, affluent professionals, and working-class Latinos, there has been no starker symbol of transformation in their neighborhood than the one announced yesterday: The tumble-down Latino grocery Hi-Lo Foods will close its doors and reopen as a sparkling new Whole Foods Market. Recent […]
Drug maker Vertex Pharmaceuticals will relocate to two new buildings on Fan Pier in Boston’s seaport district, the first big trophy in Mayor Thomas M. Menino’s effort to transform the city’s waterfront into an Innovation District filled with technology companies, academic institutions, and medical firms. Vertex has signed a letter of intent to move its […]
Associated Press Biotechnology company Clinical Data Inc. said this morning that the Food and Drug Administration approved the major depressive disorder treatment Viibryd. Clinical Data shares surged more than 40 percent in pre-market trading. The Newton company said the drug should be available in U.S. pharmacies in the second quarter. Clinical Data holds exclusive worldwide […]
PerkinElmer Inc., a Waltham life sciences company, said today that it has launched the launch of its next generation DNA sequencing and data analysis services, which can enable researchers to better explore the genomic origins of disease. The new services will enable researchers to outsource their genome sequencing requirements through the PerkinElmer’s sequencing lab in […]
Nuclea Biotechnologies Inc., a Pittsfield company focused on biomarkers, announced a new partnership with Boston Medical Center that has the potential to lead to more effective treatments for people with breast and prostate cancers. Biomarkers are a component in the field of personalized medicine and they can predict which treatments will be effective for certain […]
