In October, an investment group that included Blackstone Group (BX), Paulson & Co., and Centerbridge Partners purchased Extended Stay, a bankrupt U.S. hotel owner, for more than $3.9 billion, less than half what previous owner Lightstone Group paid for it at the peak of the real estate boom in 2007. While it is the biggest […]
Warwick, RI Linear Retail Properties and mayor Scott Avedisian said that Eastern Mountain Sports, one of the nation’s largest outdoor retailers, will open a new store at 1000 Bald Hill Rd. / Rte. 2 in the spring of 2011. After 8 years at Garden City Shopping Center in Cranston, Eastern Mountain Sports has elected to […]
Massachusetts entrepreneurs and investors are used to second-banana status. So it may come as a surprise that two reports released last week put the Bay State firmly at the top of the technology pyramid. For the fifth time in a row. The Ewing Marion Kauffman Foundation, a prominent institution for entrepreneurial research, has ranked Massachusetts […]
The Town of Westwood is suing Commonfund Realty Investors and the former development entities overseeing the massive Westwood Station project, accusing the group of ignoring its financial obligations in the repair and restoration of public roadways damaged during preliminary construction. But there are questions as to whether Commonfund Realty Investors, a real estate fund run […]
TRUMBULL — Town economic director Deborah Cox has high hopes that the recently completed, multimillion dollar renovation of Westfield Trumbull Shopping Mall will turn the facility from a mere shopping center to a destination. On Friday, Westfield Trumbull revealed the results of the renovation, which involved significant upgrades to the 1.2-million square foot shopping center, including […]
J. Crew Group Inc. Chief Executive Mickey Drexler cut a deal with two buyout firms to take the clothier private that lets him keep his job. Shareholders must now decide if they got as sweet a deal. On Tuesday, J. Crew disclosed that it agreed to a buyout from a group of investors that include […]
BOSTON – Skanska USA Commercial Development in Boston announced that it has closed on the development rights to build an already permitted 120,000-square-foot lab/R&D project in Cambridge. The project at 150 Second Street (www.150second.com) is located in the heart of the Kendall Square’s world-leading biotech cluster and will consist of a three-story building with underground […]
Helix Therapeutics LLC, a New Haven, Conn.-based biopharmaceutical company, has landed $2.5 million in new funding from venture firm Canaan Partners and the quasi-public state funding entity Connecticut Innovations. According to Helix officials, the new funds will be used to move forward its proprietary targeted gene modification (TGM) technology platform, which the company says can […]
By Jennifer Waters A DOW JONES COLUMN From a promotion point of view, this could turn out to be the longest holiday-shopping season on the books, giving consumers a host of deals from which to choose right up until Christmas. Though retailers’ shelves are better stocked now than they were last year, it is […]
Consumer and government spending gave a larger-than-expected boost to the economy during the third quarter, with the gross domestic product increasing at the fastest rate in almost four years, according to the Commerce Department. The U.S. GDP — a measure of all goods and services — improved at a revised annualized rate of 2.5 percent, […]
