We are not going to shop our way out of this mess. It’s a cheerless truth about the post-Thanksgiving start of the Christmas season, traditionally the bell lap in America’s year-long steeplechase of buying. There has been a rebound in consumption since the grimmest days of the Great Recession, but that has not been joined […]
The tides may have turned since the depths of the Great Recession, but shopping hasn’t rebounded back entirely, according to a year-over-year spending analysis released Wednesday by Intuit Inc. Mountain View-based Intuit’s (NASDAQ:INTU) online personal finance service, Mint.com, examined the same group of retailers it did last year to see how American spending is changing. […]
The Board of Aldermen—and city residents—have more than a turkey dinner to digest this week. On Monday, Mayor Curtatone told the Board that development at Assembly Square could halt if the Board does not vote by Dec. 2 to issue a $25 million bond and establish a DIF (District Improvement Financing plan) to help fund […]
Just five years ago, YoCream International Inc. was a $20 million company that was too reliant upon one customer. Nearly 75 percent of the Portland-based frozen dessert company’s sales came from selling softserve to Costco stores. “We knew that if we didn’t grow it, we would lose them,” said Terry Lusetti, YoCream’s director of investor […]
Accounting firm MarcumRachlin has leased 7,000 square feet at CityPlace Office Tower in downtown West Palm Beach. The firm’s West Palm Beach office will relocate in August from Phillips Point to its new seventh-floor CityPlace digs. “We feel there’s great value to the office tower’s central location and direct access to CityPlace,” said Larry Blum, […]
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 […]
