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 […]
WASHINGTON (Reuters) – Commercial real estate vacancy rates have already peaked or will soon top out, though rents are likely to continue to fall, a realtors group said on Monday. The National Association of Realtors said it expects the vacancy rate for office space to rise a tick to 16.7 percent this quarter and gradually […]
The local outlook on the beat-up commercial real estate sector may have improved slightly, according to a new survey devised by the University of St. Thomas. The index, based on a poll of 50 commercial real estate leaders in the area, registered 54.1, up slightly from 53.5 last spring when the index was first released. […]
