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U.S. Growth Slowed in First Quarter, but Inflation Remained a Bug
By Ben Casselman The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year, the Commerce Department said on Thursday. That was […]
Express Goes Bankrupt With Planned Sale to WHP, Store Closures
By Eliza Ronalds-Hannon, Janine Phakdeetham, and Claire Boston Express Inc., the clothing retailer that’s a staple in US malls, filed for bankruptcy with plans to sell itself. The company received an offer from brand manager WHP Global and mall landlords Simon Property Group Inc. and Brookfield Properties to purchase the company’s operations and most of its stores, according to a statement on Monday. […]
New restaurants slated for Assembly Row, and more retail news
By Grant Welker Somerville’s Assembly Row will soon welcome a second location of Davis Square favorite Posto, a new concept from the group behind Papagayo and Civility Social House, and a fifth location of Amelia’s Taqueria. Posto will open a nearly 6,000-square-foot space with a full-service dining room, cafe and take-out market at the recently closed FRANK in […]
Boston food hall starts delivery and catering, and more retail news
By Grant Welker The Lineup, a small food hall at the base of downtown Boston’s tallest tower, has five food options in a block-long space that’s bookended by 50-foot glass walls and a striking red sculpture by glass artist Dale Chihuly. But not everyone’s working in the Financial District as much as they were when the […]
Retail Space Market Fundamentals Remain Strong: CoStar
By Edward F. Pierzak Retail REITs own and manage retail real estate and rent space in those properties to tenants. Properties can include large regional malls, outlet centers, grocery-anchored shopping centers, and power centers that feature big box retailers. Despite the considerable gains in e-commerce sales and its expected strong growth, retailers have increasingly appreciated […]
Craft Food Halls set to open in Allston, and more retail news
By Grant Welker Craft Food Halls will open its 10th Boston area location later this month at Studio Allston Hotel, joining others in Dorchester, Lexington, Marlborough, Waltham and Wellesley. The latest Craft Food Halls will open March 21, with nearly 8,000 square feet of indoor and outdoor space. It will include events, live music and events, […]