Business Notes: Jan. 31, 2016
Norwich — The Bike Hub, which sold and repaired bicycles and related gear from its shop on Route 5 adjacent to Fogg’s Hardware and Building Supply, closed its doors on Jan. 23. Owner Bill McFadden posted the news on the store’s Facebook page, announcing “we will still be around honoring a few commitments but it is the end of The BikeHub in its current form.” “Over the years, The Bike Hub — my staff, my vendors, my community event...
Pizza Hut Joins 3 Other 12A Vacancies
West Lebanon — When the Pizza Hut in West Lebanon closed it doors suddenly last week, it joined at least three other prime commercial real estate locations along the Route 12A commercial strip that are looking for new tenants. The vacancies reflect the challenge of finding new tenants as both the retail and fast-food industries grapple with changes in consumer behavior, as well as financial pressures within the industries themselves,...
The Cautious Trump
New York — Donald Trump sells himself as a bold empire builder, the kind of businessman who could force through big changes in Washington as president. Yet for all his bravado — “I’ve done an amazing job,” the Republican White House hopeful boasted during his announcement speech — a review of the billionaire’s financial filings and recent deals suggests he’s no swashbuckler. Trump is reluctant to take on debt after it nearly ruined...
The Big Event: Painters, Sculptors Gather at The Fells in Newbury, N.H., for Annual Artists Weekend
While their approaches vary, the painters invited to the annual artists weekend at The Fells share a mission — to portray the landscape of the early 20th-century summer estate. The work is started and finished over the course of two days, with most artists completing two to six pieces. This year’s event, July 18-19, featured 16 painters and two sculptors, most from New Hampshire. Muggy weather and a rain shower didn’t dampen their...
Powerhouse Plaza Sold to Mass. Firm
West Lebanon — The Powerhouse Plaza shopping center has been sold for $12.35 million to Eastern Real Estate, a private commercial real estate acquisition, capital investment, project development and asset management firm based in Woburn, Mass. Boston-based Cushman & Wakefield announced the sale on Thursday on behalf of the plaza’s owner, Dead River Properties of Portland, Maine, a division of the Bangor, Maine-based petroleum...
