Seventy five years ago Robert Slate began selling paper and pencils at 8 Holyoke St. in Harvard Square as Bob Slate, Stationer. He persevered, survived the depression, nurtured his shop through the forties, thrived in the fifties, and unknown to himself created a legacy by orchestrating a seamless transition of responsibility to his sons Justin […]
Miami Lakes-based LeaseFlorida had the winning bid to purchase a downtown Miami office building for $2.5 million. The 84,382-square-foot building, at 28 W. Flagler St., was previously owned by Brooklyn-based Mihato Realty, which lost a $5.1 million foreclosure in September. Clearwater-based Intervest National Bank had a $4.4 million mortgage on the property. Alan I. Waserstein, […]
NetProspex Inc. has raised $5.5 million in a Series B round led by Edison Venture Fund. Some of the angel investors who backed the Waltham B2B lead-generation company in its 2009, $2 million Series A returned to participate in the second round of equity financing, which brings Netprospex’ total investment to $7.5 million, to date. […]
With much of the hotel industry misfiring like Mark Sanchez under the Monday night lights, the Westin Copley Place’s relative financial strength is worth noting. The hotel was highlighted in a recent Moody’s Investors Service report on a $1.9 billion portfolio of commercial mortgage-backed securities (CMBS) arranged by a Bear Stearns affiliate in 2005. As […]
Harvard University’s mysterious ruling body will face term limits for the first time and double in size following a lengthy study launched in the wake of a devastating 27 percent endowment drop and billions in investment losses last year. In a letter to the Harvard community, President Drew Faust said the Harvard Corp. will be […]
Atlantic Wharf, with its stunning 31-story glass tower on Congress Street opposite the Federal Reserve building, is nearing completion – and a sneak peek inside reveals that it’s been worth the wait. The $500 million office and residential complex offers 550,000 square feet of waterfront space. Floor-to-ceiling windows throughout the mixed-use project offer sweeping views […]
Jim May, standing at the left, has spent nearly 30 years building a company around the sweet leaves of the stevia plant grown in Paraguay. Now, with the U.S. market open, he’s looking to Europe. Image: Courtesy of SweetLeaf Jim May’s business, Wisdom Natural Brands, started international, with the odds against it and some of […]
Unified Foodservice Purchasing Co-op LLC, the exclusive purchasing agent for Yum! Brands Inc., has signed a distribution deal that makes Temple, Texas-based McLane Foodservice Inc. the exclusive provider of products to Yum’s A&W, KFC, Long John Silver’s, Pizza Hut and Taco Bell restaurants. Terms of the agreement were not disclosed. Louisville-based Yum (NYSE: YUM) is […]
Related News Restaurant giant Yum! Brands Inc. reaffirmed its 2010 profit forecast Friday and said its expects 2011 earnings per share to grow by at least 10 percent more. In a news release issued in advance of its annual investor update meeting, the company stood by its target of 14 percent EPS growth in 2010, […]
Google’s rumored $6 billion acquisition of Chicago online discount service Groupon would send shockwaves through the high-tech and bargain Web site industries, experts say. That price tag is extraordinary for a company founded in 2008, said Michael Greeley, general partner at Flybridge Capital Partners. The top 15 tech companies – including Google, Cisco, Microsoft and […]
