Real Estate
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With the onset of spring, New England businesses are relying on improved consumer confidence and higher sales to drive economic recovery after a difficult first quarter affected by severe winter weather, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Gains in manufacturing are helping power the U.S. out of the winter doldrums, while homebuilding shows signs of lagging behind. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com fell in February for the first time since March 2013, dropping four-tenths of a percent to 124.9 from 125.4 in January. more
The owner of the vacant “Superman Building” at 111 Westminster St. downtown Wednesday proposed a new $39 million package of state assistance to renovate the tower. more
Bank of America Corp.’s Countrywide unit and insurer Allstate Corp. settled a 2010 lawsuit over $700 million in devalued mortgage-backed securities. Terms of the accord weren’t revealed. more
Rhode Island’s foreclosure rate fell to 2.1 percent in February from 3 percent a year earlier, but remained slightly higher than the national rate of 1.9 percent, according to a report released Thursday by real estate data firm CoreLogic. more
Cumberland pet food distributor Pet Food Experts Inc. has reached an agreement with the city to buy a building on Main Street in downtown Pawtucket and move its corporate offices there. more
General Growth Properties Inc. CEO Sandeep Mathrani’s compensation surged more than fivefold to $22.1 million last year, boosted by the value of stock-option awards. more
Single-family home prices in the Providence-Warwick metro area rose 6 percent in February compared with the same period last year, according to the CoreLogic Home Price Index report released Tuesday. more
Construction is scheduled to begin Monday on the conversion of a former Bank of America Corp. skyscraper into apartments following the closure Friday of a $78 million financing package, the Hartford Business Journal reported. more
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