SEEKONK, MA-Ann & Hope leases 42,000 sf of space here in the Towne Center shopping plaza where it plans to open three outlet stores. The discount department store chain is attempting to reposition itself in an increasingly tight discount retail market.
BOSTON-As economic recession and fear of travel continue to plague the hotel industry here, a new study indicates local hotels will be hit twice as hard as the rest of the nation where income received from rented rooms is concerned.
DEDHAM, MA-JPI indicates its intention to develop a 300-unit apartment complex here with an affordable housing component. The Dallas, Texas-based developer will file for a Chapter 40B application, which would enable it to bypass local zoning laws.
BOSTON-As economic recession and fear of travel continue to plague the hotel industry here, a new study indicates local hotels will be hit twice as hard as the rest of the nation where income received from rented rooms is concerned.
BOSTON-City Mayor Thomas M. Menino decides to support the Community Preservation Act, the proposed 2%surcharge on property taxes in this city that will go to fund affordable housing and preserve historic sites and parks. The Act will be a question on this Tuesday's ballot here.
GREATER BOSTON-Preliminary third-quarter figures released by Torto Wheaton Research indicate that this area's office vacancy rates are edging closer to the national average. An analyst with the firm blames the high volume of construction.
BROOKLINE, MA-Despite an increasingly tight market for hotel financing, Cambridge-based Carpenter & Co. acquires financing for a 188-room hotel project in Coolidge Corner. The project has been in the works for nearly four years.
WOBURN, MA-Genuity will lay off 24% of its employees as part of a company-wide restructuring and cost savings plan. A company spokesperson tells GlobeSt.com that the fate of the company's three facilities in this state has not yet been decided.
GREATER BOSTON-Preliminary third-quarter figures released by Torto Wheaton Research indicate that this area's office vacancy rates are edging closer to the national average. An analyst with the firm blames the high volume of construction.
CAMBRIDGE, MA-MIT's Sloan School of Management embarks on a $250-million development plan to consolidate and expand the school's campus. The project will be done in two phases and will be sited on MIT-owned property.