Construction of an Ikea, the Swedish retail phenomenon — whose inexpensive build-it-yourself furniture draws more than a million people a year to each of its stores — is on hold again in Somerville. “Like lots of retailers, Ikea is trying to figure out when the next economic upturn will be,” said Somerville Mayor Joseph Curtatone. […]
Alexandria Real Estate Equities expects to have permits in place this year for 1 million square feet of new development along Binney Street in Cambridge, although no construction timeline is yet available. The company recently got approval from Cambridge’s planning board for its 50 Binney St. project, a 496,000-square-foot building comprised office and research and […]
Somerville — The Massachusetts Department of Transportation (MassDOT) announced on Thursday that a land exchange agreement has been approved to facilitate extending the Green Line north of Lechmere Station to Somerville and Medford, while also advancing the NorthPoint mixed-use development project. The agreement between the MBTA and Pan Am Railways, approved by the MassDOT Board […]
Blockbuster Inc., the bankrupt movie rental chain, agreed to sell itself to a group of debtholders for $290 million in a stalking horse bid that is subject to higher and better offers. Photographer: Jin Lee/Bloomberg Blockbuster Inc., the bankrupt movie rental chain, agreed to sell itself to a group of debtholders for $290 million in […]
by Elaine Misonzhnik February 18th, 2011 It feels like in the past two days the entire retail real estate industry has been talking about one thing–Borders. The questions ranged from whether Borders will be able to survive long-term (many people don’t think so, judging by the discussion on Retail Wire), to how store closings will […]
A recent ruling by the California Supreme Court has unleashed a rash of lawsuits against big retailers that ask their customers to provide zip codes when making purchases with a credit card. View Full Image Bloomberg NewsSome retailers ask for zip codes when customers use plastic. Above, swiping a card at a Best Buy store. […]
Yogurtland, a customer-created frozen yogurt chain with almost 120 locations in nine states (as well as stores in Japan and Mexico), plans to have 75 additional locations open or in development by the end of 2011. By 2015, the chain will have more than 550 total locations. Besides expansion in existing markets, Yogurtland has targeted several […]
America’s #1 Selling Branded Burger to Launch National Restaurant Chain With Its First Locations in Jacksonville, FL Download image JACKSONVILLE, Fla., Feb. 24, 2011 /PRNewswire/ — BUBBA burger®, the number one selling branded burger in America, is announcing the development of its Original BUBBA burger Grill™ restaurants. The announcement was made by Billy Morris, President […]
The post office is looking to sell their Washington St. building to the City and relocate customer services to a much smaller space in Union Square Officials from the U.S. Postal Service held a public meeting on Thursday to discuss the sale and possible relocation of its Union Square branch, located at 237 Washington Street. […]
Cappella, Inc, a cardiovascular medical device company, has raised $7.1 million as part of its fifth round of funding. The company, with U.S. operations in Westford, Mass., has headquarters in Galway, Ireland. Capella has raised at least $52.1 million to date from investors including Ireland-based Fountain Healthcare Partners, Menlo Park, Cal.-based Mitsui & Co. Venture […]
