by Gary Higgins | via Boston Business Journal Rent will increase at 1.75% for the first 10 years and at between 1.75% and 2.50% over the remainder of the lease. Wynn said it will retain its 13-acre developable land portfolio on the east side of Broadway in Everett, where it plans to build an expansion […]
by Grant Welker | via Boston Business Journal Two veteran restaurateurs in the North End, Frank DePasquale and Nick Varano, are joining for a second eatery at Encore Boston Harbor. The Varano Group owns and operates Strega North End, Rina’s and Nico. DePasquale Ventures owns and operates Bricco Ristorante, Mare Oyster Bar, AquaPazza, Quattro, Assaggio, […]
by Ben Unglesbee | via Retail Dive For supply chains, the pandemic has brought unprecedented levels of disruption. The specific confluence of events was beyond anybody’s ability to foresee. But, at least in a general sense, everyone should have expected something like the year that just passed to happen. Risks of severe stress and even failure are […]
via Retail Dive Just a few weeks into 2022, the retail industry has already seen signs for what the year ahead could bring — some good and some bad. President Biden’s vaccine mandate for large employers was struck down by the Supreme Court in mid-January, but that doesn’t mean retailers are done dealing with vaccine regulations. […]
by Patricia Kirk / via wealthmanagement.com The pandemic and the concurrent increase in demand for grocery deliveries have pushed up the need for cold storage. Now, this trend is changing the calculations surrounding the development of cold storage projects. Cold storage facilities are expensive to build, costing from $250 to $350 per sq. ft. compared to $100 […]
by Patricia Kirk / via WealthManagement.com The past few years have brought cannabis legalization to multiple states, giving real estate investors a new alternative asset class to put their money into. It looks like this trend is only going to intensify in the months ahead. As we get further into 2022, all U.S. states without current medical […]
by Mikelle Leow “Guess how old I am” is one of the most infuriating icebreakers and often concludes with no winners—but might artificial intelligence beat humans at that game? German-owned grocery chain Aldi is betting its money on the machine at its first contactless concept store in Greenwich, southeast London, where age-estimation technology is being trialed. […]
by Greg Ryan| via bizjournals.com Alexandria Real Estate Equities Inc. plans to construct three buildings with a mix of lab and office space at the Watertown Mall, according to a recently unveiled proposed master plan for the property. The proposal includes 500,000 square feet of lab and office space at the mall site, along […]
by Andy Medici| via bizjournals.com Restaurants that did not receive grants from the Restaurant Revitalization Fund are more likely to declare bankruptcy in the coming months — and the industry as a whole has suffered due to the Omicron variant. The bleak findings are from a January survey of 1,200 restaurants and bars by the […]
by Greg Petro | via forbes.com Year three of the COVID-19 pandemic begins with the retail industry battle-weary but having weathered and, in some cases, even capitalized on an epic worst-case management crisis. The good news is that the retail apocalypse of 2020, having cleared the field of weak competitors, spurred surviving brands and companies […]
