Moe’s Southwest Grill has announced plans to expand locally. Moe’s is adding nine new locations to its existing five in the Greater Boston area. Paul Damico, President of Moe’s Southwest Grill, said in a written statement that the expansion will create at least 25 jobs at each new location and drive much-needed traffic to neighboring […]
A.J. Wright is closing 71 of its stores, according to the parent company, TJX Cos. Inc., including one on Central Avenue in Albany, N.Y. The Framingham, Mass.-based discount clothing and home accessories retail chain (NYSE: TJX) did not disclose what would happen to the remaining two A.J. Wright stores in the Albany, N.Y., area. A […]
At a time when budget stress is wreaking havoc at all levels of government, the city of Somerville is preparing a $25 million bet on a speculative, $1.2 billion real estate development that, under the rosiest of forecasts, is unlikely to be completed for another decade. The gamble, in dollar terms, would equate to more […]
QUINCY — The company proposing to redevelop Quincy Center has reached a handshake agreement with a local labor council that governs the extent to which the project will be built by union workers. The agreement, between Street-Works LLC and the Quincy and South Shore Building Trades Council, was reached after a five-hour negotiating session Thursday […]
Caliper Life Sciences Inc. is paying $20 million to acquire Cambridge Research & Instrumentation Inc. (CRi), a developer of optical imaging systems, according to a news release from the two companies today. The buyout deal calls for Caliper to issue $10.5 million in a common stock offering, pay $7.5 million in cash and take in […]
Adding detail to an announcement from earlier this week, the Deshpande Foundation and a coalition of colleges and non-profit groups said today that a planned entrepreneurship center based at the University of Massachusetts Lowell will be called the Merrimack Valley Sandbox, and that it will be funded with $5 million from the Deshpande Foundation over […]
A prime piece of Boston real estate on the swankiest end of Newbury Street is headed for the auction block. The property at 4-6 Newbury St., which includes a 160-car garage and first-floor retail space across from the Taj Boston Hotel, faces foreclosure, because its owner defaulted on the mortgage, according to a legal notice […]
Participants at the ICSC New York Conference this week were waxing optimistic for the retail real estate industry going forward. Indeed, research consultant Dana Telsey told conferees that the phrase she heard most often at third-quarter earnings meetings with the executives of nearly two dozen retail chains was, “It feels better.” Telsey, who heads Telsey […]
BY JOAN VERDON The Record STAFF WRITER North Jersey is a prime target for retail expansion, as companies recover from the retail recession of the past two years and new businesses take advantage of vacant spaces, said real estate professionals attending the International Council of Shopping Centers deal-making conference in New York on Monday. The […]
Industry veteran to secure agreements with multi-unit franchise partners, developers COPPELL, Texas, Dec. 7, 2010 /PRNewswire/ — CiCi’s Pizza, home of the $4.99 endless pizza, pasta, salad and dessert buffet, announces today the addition of Deb Chappell as Director of Real Estate Services and Support. A 25-year veteran, Chappell led expansion efforts for big names […]
