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'We Wish That New Owner The Best Of Luck': Simon Continues Handing Back Struggling Malls - Vimarsana News

'We Wish That New Owner The Best Of Luck': Simon Continues Handing Back Struggling Malls

Wikimedia Commons/John Phelan The Square One Mall in Saugus, Massachusetts. Last week, Simon relinquished its ownership of an Atlanta mall in a foreclosure auction that saw no bids. In November, the REIT ceded control of at least four other mall properties it controlled. This week, according to Fitch Ratings, the mall operator is over 60 days delinquent on an $85.6M loan backing a Boston-area mall for the second time in four months. The news comes after a dim earnings report Monday, in which Simon reported a $1B drop in revenue and income from 2019 to 2020. In the company’s ear...

Source: bisnow.com
2020 a long year for local businesses - Vimarsana News

2020 a long year for local businesses

But what happens when there is no business to do? As 2020 began, that seemed an unlikely question for the area to face. In February, the unemployment rate in Attleboro was 3.5 percent, according to the state’s labor department. In real terms that meant that out of a labor force of 25,885 people some 24,968 were employed. Jobless rates in surrounding communities were similarly low — mostly in the range that economists say constitutes full employment. And while wages hadn’t quite rebounded from the Great Recession of 2008, one of the hot topics of discussion was the revival of Am...

Rhode Island House Majority Leader Blazejewski lays out his priorities - Vimarsana News

Rhode Island House Majority Leader Blazejewski lays out his priorities

Rhode Island House Majority Leader Blazejewski lays out his priorities The Providence progressive says he chose “a seat at the table” over rebellion and now holds the No. 2 House position By Edward Fitzpatrick Globe Staff,Updated December 16, 2020, 6:48 a.m. Email to a Friend Rhode Island House Majority Leader Christopher R. Blazejewski, a Providence DemocratCourtesy of Christopher R. Blazejewski (Custom credit) PROVIDENCE — In November 2018, a group of progressives rebelled against House Speaker Nicholas A. Mattiello, a conservative Democrat from Cranston. But one Providence ...