Economic Activity

THE SITE of the proposed Island Global Yachting facility is shown in red in this aerial photo of the Quonset Business Park. /

Luxury shipyard planned at Quonset

Economic Activity 06/20/2007

NORTH KINGSTOWN – The Quonset Development Corporation has given its preliminary approval to a 43-acre megayacht construction and repair facility proposed by Fort Lauderdale,...

77 SOUTH ANGELL will include 11 luxury apartments between 1,600 and 2,815 square feet, some with river or Bay views, plus heated basement parking. /

Armory Revival breaks ground at 77 South Angell

Economic Activity 06/20/2007

PROVIDENCE – The Armory Revival Co. and Myles Standish Associates broke ground yesterday for a luxury condominium complex at the former Katharine Gibbs School...

Investment firm buys Torex for $407.5M

Economic Activity 06/20/2007

Cerberus European Investments LLC yesterday completed its acquisition of all businesses and subsidiaries of U.K.-based Torex Retail Plc., including the Cumberland-based Torex Americas Retail....

CONSTRUCTION JOBS increased over the psat month in both Rhode Island and Massachusetts, the BLS said. Above, carpenter Paulo Sousa works on a house last month in The Enclave at Meadow Lake, a new neighborhood in Mahway, N.J. /

R.I., Mass. both add jobs in May<br> despite higher unemployment

Economic Activity 06/19/2007

WASHINGTON – The New England unemployment rate rose to 4.7 percent in May from 4.4 percent the previous month and 4.5 percent in...

FORECLOSURE AUCTIONS continue to rise across the country, including in Ohio, where this May photograph was taken. In Massachusetts, foreclsoure auctions more than doubled in May 2007 compared with May 2006. /

Mass. foreclosures remain high in May

Economic Activity 06/19/2007

BOSTON – Announcements of foreclosure auctions in Massachusetts declined last month compared with April but more than doubled compared with May 2006, according to...

Crawford to attend Raymour & Flanigan opening

Economic Activity 06/19/2007

SEEKONK – Businesswoman and supermodel Cindy Crawford will be among the attractions at tomorrow’s 9 a.m. to 9 p.m. grand opening of Raymour...

IN THE NORTHEAST, housing starts rose 15.7% in May but permits fell 6.5%. Above, laborers work on a Shelton, Conn., home for luxury builder Toll Brothers, which last month said its 2Q profits fell 79% as orders were cancelled orders and prices discounted. /

May housing starts fall 24.2% from a year ago

Economic Activity 06/19/2007

WASHINGTON – Housing starts nationwide fell in May to a seasonally adjusted annual rate of 1.47 million, a decline of 24.2 percent from the...

ICSC: U.S. retail sales dip 0.1%

Economic Activity 06/19/2007

NEW YORK – Sales at U.S. retail stores open at least one year declined a seasonally adjusted 0.1 percent over the past week, continuing...

Conservation group seeks ethics probe of CRMC

Economic Activity 06/18/2007

PROVIDENCE – The Conservation Law Foundation today asked the state Ethics Commission to investigate members of the R.I. Coastal Resources Management Council, citing “a...