By Tréa Lavery The day Dewey Parsons bought Downtown Wine & Spirits in November 1986, his landlord came into his office and ripped the telephone cord out of the wall. Parsons owned a food service business based in Brighton at the time, and was on the phone when the landlord, who was also his mentor in […]
By Howard Ruben The decision to open a stand-alone store after 106 years in business was partially prompted by the many Radio Flyer customers who visited the brand’s headquarters in Chicago to test out designs of scooters, wagons, tricycles and bikes in development, Robert Pasin, the brand’s chief wagon officer and grandson of founder Antonio Pasin, […]
By Greg Ryan With the help of a crowdfunding platform, a Boston-based real estate development firm and its partner have acquired a nearly 12-acre commercial property in Somerville’s Assembly Square for $142.5 million. A joint venture between Cabot Cabot & Forbes and a Cannon Hill Capital Partners fund bought 65-75 Mystic Ave., a site adjacent to […]
By Jinjoo Lee Strip malls are hot. With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures are a rare bright spot. Retailers want to stay close to where customers are spending more time these days: their homes. The leased occupancy rate at strip center real-estate investment trusts […]
Bed Bath & Beyond locations across America will soon be replaced by Burlington Stores outposts and a range of other businesses, after the failed home goods retailer auctioned off its leases as part of its bankruptcy proceedings, court records show. The doomed big-box store selected bidders for 109 of its leases after a Monday auction. Off-price giant Burlington agreed […]
by : Austen Hufford A crash in office values could start a doom loop with banks, with falling prices leading to less finance and thus lower prices. Gloomsters think that could spread across the multitrillion-dollar commercial real-estate sector, sucking money out of the economy as banks and institutional investors turn more cautious, James Mackintosh reports. Mori Trust […]
Susan Piperato Even in the midst of the broader troubled commercial real estate market, the single-family rental (SFR) sector has continued to expand driven by a surge of build-to-rent (BTR) projects which have set new records in the deliveries of new homes. While the SFR sector was built first through acquisition, real estate investment managers in the space have not been […]
By Abha Bhattarai Business has been so slow at the Corner Bar & Diner that many nights, owner Serena Rice closes her New Underwood, S.D., watering hole at 8 p.m., six hours early. Fewer people are stopping in — and when they do, they’re ordering $3 well whiskeys instead of their usual $5 pours of Crown […]
Daphne HowlandSenior Reporter After years of marking Pride Month each June, Target in 2023 may have had one of mass-market retail’s boldest efforts yet celebrating the LGBTQ+ community. But amid a backlash to its Pride merchandising, including attacks at some stores, Pride Month commenced at Target with what many see as timidity. Before the commemorative month […]
By Andy Medici A growing number of Americans have used artificial intelligence tools like ChatGPT at work — but won’t tell their bosses because they are afraid of being replaced by the emerging technology. As business owners across America experiment with the new wave of AI tools in hopes of boosting productivity and cutting costs, workers […]
