Investors searching for distressed big-box deals are facing competition from an unlikely source—retailers. Large tenants including Wal-Mart, Target, Kohls Department Stores and others have become aggressive bidders in the market for vacant big boxes. The retailers are buying distressed space from owners or banks, often at prices that are 20 percent to 30 percent […]
When it comes to creating long-term growth plans for a restaurant chain, sometimes the wisest course is to concentrate on the short term, according to John Pepper, CEO of Boloco, an up-and-coming fast casual concept based out of Boston. Boloco started as a school project Pepper and a few friends undertook in the course of […]
The retail real estate industry will face another slow growth year in 2011, though the pace of store openings will gradually improve throughout the coming months, industry insiders predict. Given the current brisk pace of holiday sales and availability of vacant storefronts at affordable rents, retailers with cash in their coffers will step up […]
QUINCY, MA – The Quincy City Council approved the master agreement for a $1.28 billion redevelopment of Quincy Center anchored by a unique financing plan that Mayor Thomas Koch and the City’s private development partners, Street-Works Development LLC, believe could become the new model for urban redevelopment projects across Massachusetts. The project – which marks the […]
LEXINGTON and MEDFORD, Mass.—Bierbrier Development Inc., a developer and owner of shopping centers in Eastern Massachusetts, today announced it has renewed a 5,000-square-foot retail lease with Men’s Wearhouse at Wellington Circle Plaza in Medford, Mass. Men’s Wearhouse is one of North America’s largest specialty retailers of men’s apparel with 1,239 stores. Casey Piche, Vice President […]
ARLINGTON, MA—Officials from Bierbrier Development Inc., a developer and owner of urban shopping centers in Eastern Massachusetts, joined representatives from the town of Arlington, local business leaders and tenants to celebrate the grand opening of the 9,000-square-foot addition to the existing Arlington Village Shops shopping center in Arlington, MA. “We’re very excited to have not […]
CHELSEA, Mass.— ACS Development Corporation, a premier property developer, announced the expansion of a current tenant in its Arlington Center property at 311-321 Broadway Street. GEMMA Italian Ristorante, an authentic family-owned Italian restaurant, is expanding its operations by 5,233 square feet and moving into the space formerly occupied by Krazy Karry’s. “GEMMA’s success is a […]
Cambridge Heart Inc. has raised $2.9 million in a private placement, the company reported in a press release today The Tewksbury-based developer of diagnostic heart tests for cardiac disease, said the deal consisted half of shares of common stock and half of warrants to purchase stock at a future date. “The proceeds from this transaction […]
A new report ranks the University of Massachusetts eighth in the country in generating income in 2009 from the licensing of faculty-produced discoveries and products, beating out both Harvard University and the Massachusetts Institute of Technology. The UMass system generated more than $70.5 million in “technology transfer income” in 2009 from 50 technology licenses and […]
As Boston homeowners face a 7.5 percent property tax hike and the city’s schools confront a $63 million shortfall, a city watchdog group is asking the Menino administration to sell a pair of underused buildings in the North End that could fetch more than $15 million. The Boston Finance Commission wants to know why Mayor […]
