iParty Corp. reported sales of $16.4 million for October, a 6.5% drop from total sales from the same period last year. The party goods retailer has attributed loses to a week economy and hurricane Sandy, which affected retailers in the New England area. In response to these figures, iParty has outsourced and hired an investment […]
PayPal is relocating from its 27,000 square-foot North Station office to a newly renovated 65,000 square-foot space in the Financial District. The space, located at International Place, will more than double PayPal’s current space and includes space for at least 5 local startups. David Chang, COO of PayPal’s Boston operations, says the company will make […]
Say goodbye to Johnnie’s Foodmaster, a supermarket chain founded in East Cambridge in 1947. Last week it was confirmed that all 10 Foodmaster supermarkets are closing. After 65 years in business, doors are set to close on November 30th. Reports that Whole Foods Market would purchase 6 of the 10 leases the Foodmaster chain held […]
On September 13th, 2012 the Boston Redevelopment Authority selected Kavanagh Advisory Group as provisional developer of Parcel 39A in the Charlestown Navy Yard. Now, the Danver based development group has released plans for 16 Studio apartments, 2 one bedroom units, and 27 one bedroom and den units. All in all, the residential development will span […]
The Back Bay’s skyline may have its newest edition—a 33-story hotel and residential dubbed 40 Trinity Place. The plans for the complex were unveiled Tuesday by prominent real estate developers Trinity Stuart LLC, a local development partnership comprised of Jordan Warshaw, Gary Saunders, and Jeffrey Saunders.. The project will include a 220-room hotel, 142 units […]
Boston’s technology community thrived in the 1980s and 1990s. Tech-startups in the area were unparalleled in the United States and Boston benefited economically from rapid growth within the technology industry. Today, well known venture capitalist Brad Feld believes that Boston is once again effervescent with opportunity. Sponsored by the New England Venture Capital Association, Feld […]
Simon Property Groups has announced plans to expand the original footprint of the Mall at Chestnut Hill in order to accommodate three new restaurants as well as improvements to the façade of the building. The changes have been attributed to competition amongst retail developments around Route 9. New blueprints filed with the city include plans […]
Last week, residences of Jamaica Plain were left speechless after the Boston Redevelopment Authority approved plans to construct apartments at the former Home for Little Wanderers. The $75 million project, proposed by Boston Residential Group, was met with criticism over size and cost. However, the Boston Herald now reports that the Boston Redevelopment Authority’s decision […]
Zynga, a social game provider based in San Francisco, CA, has announced the closure of its Boston office as well as a 5% decrease in its full time work force of 2,900 employees. Reductions are part of a cost-cutting campaign the company has undergone due to recent declines in earnings. The company has also cut […]
Lock-Ober, a 137-year-old restaurant closed its doors indefinitely this weekend. The historic eatery, which has served royalty, presidents, and movie stars, now has a sign outside stating that is closed for business. The restaurant was founded in the late 19th century by a Frenchman named Luis Ober. Since it’s founding it has become a landmark […]
