When Thomas Koch, mayor of Quincy, announced in 2009 a $1.2 billion plan to renovate downtown Quincy, he and the project’s master developer, New York-based Street-Works LLC, promised a dynamic master plan with an aggressive implementation schedule. Following through on their pledge, the City of Quincy and the Street-Works team formalized the master agreement referred […]
Federal Realty Investment Trust (NYSE:FRT) expanded its South Florida retail portfolio thropugh the acqquisition of Tower Shops, a 372,000-square-foot community retail center on 67 acres in Davie, FL for $66.1 million. Turnberry Assocviates previously owned the center. According to the buyer, the property has significant opportunity for redevelopment and expansion with an anchor tenant line-up […]
People’s United Financial Inc. bought its third Massachusetts bank in less than a year yesterday, the $493 million purchase of the parent of Danversbank, which has 28 branches from Needham to Manchester-by-the-Sea. The deal would make the Bridgeport, Conn. company the seventh largest bank in Massachusetts and the Boston metro area. In April it took […]
Associated Press Chip maker Skyworks Solutions Inc. said Thursday that its fiscal first-quarter profit more than doubled on strong demand for its chips found in popular tablet computers and smart phones, and issued a strong forecast for the second quarter. The Woburn-based company said its net income totaled $60.9 million, or 32 cents per share, […]
784 – 790 Tremont Street – Boston, MA Boston, MA Rocklyn Clarke of ABG Realty brokered the $855,000 sale of 784-790 Tremont St., on behalf of the buyers, 784 Tremont St, LLC. The property formerly Sallie’s Fish market, is a 3,656 s/f mixed used/retail building on Tremont St. The property has been vacant for over […]
Vertex Pharmaceuticals Inc. said that the Food and Drug Administration has granted its request for an expedited review of its potential Hepatitis C treatment. The FDA’s standard review time for a drug candidate is 10 months. But Cambridge-based Vertex said in a press release that the FDA has agreed to review Telaprevir in six months, […]
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 […]
