Best car sales in five years

January 3, 2013 in Articles

Author: Chris Isidore
Publication: CNN Money
Strong demand from car buyers in December led automakers to close out the best year for U.S. car sales since before the recession, and the biggest one-year jump in sales in 28 years.

Final sales figures are not in yet, but initial results from the top four U.S. automakers -- General Motors (GM, Fortune 500), Ford Motor (F, Fortune 500), Toyota Motor (TM) and Chrysler Group -- all showed gains from a year earlier that met or topped forecasts. No. 5 automaker Honda Motor (HMC) outpaced its larger rivals with a 26% gain in sales from a year earlier, though it fell slightly short of forecasts. Ford's 1.9% rise was the narrowest.

The industry is now on track for 14.5 million vehicle sales in the U.S. for 2012, a rise of 1.7 million, or 13%, from 2011. That's the biggest increase in annual auto sales since 1984.

Portland developer to refine design of $38 million project

January 3, 2013 in News

Author: Randy Billings
Publication: Portland Press Herald
Federated Cos. says it will make changes to Maritime Landing plans ‘to improve the impact’ on the skyline.

PORTLAND – Developers of an ambitious residential and commercial project in Bayside are headed back to the drawing board to address concerns over how the complex could affect views and the city's skyline.

Originally, the project envisioned seven 14-story towers to be built along Somerset Street. Preliminary plans for Maritime Landing included as many as 700 residences, retail space and two parking garages.

Brookfield to Acquire 19 Hydro Facilities from NextEra Energy

December 26, 2012 in Articles

Author: MaineBiz

Quebec-based renewable energy company Brookfield Renewable Energy Partners L.P. has announced the recent acquisition of 19 hydroelectric generating stations in Maine from NextEra Energy Resources LLC for tentative price of $760 million, including around $700 million in debt.

Home prices post biggest annual jump in two years

December 26, 2012 in Articles

Author: Chris Isidore
Publication: CNNMoney
The recovery in the housing market continues to pick up steam, as home prices posted the biggest percentage gain in more than two years in the latest reading of the closely followed S&P/Case-Shiller index.

The index showed prices up 4.3% in October compared to a year earlier. That's the best improvement since May 2010. But that earlier increase was due to a temporary spike caused by a homebuyers' tax credit of up to $8,000 on homes purchased in late 2009 and early 2010.

Old Navy Outlet to open in Freeport

December 21, 2012 in Articles

Author: Jessica Hall
Publication: Portland Press Herald

The Old Navy Outlet is under construction and is scheduled to open by Memorial Day weekend.

FREEPORT — An Old Navy Outlet aims to open in the Freeport Village Station by Memorial Day weekend, joining other outlet stores ranging from the Famous Footwear Outlet to Brooks Brothers and Coach Factory.



"We are very proud to bring Old Navy – one of the world's most popular brands – to Freeport," said Alfred Yebba, executive vice president and chief operating officer of Berenson Associates Inc., the Boston-based developer and owner of Freeport Village Station.

"Our customers are value-oriented, aspirational families looking for quality fashion at exceptional prices. We know that Old Navy Outlet will deliver on that equation," Yebba said.

Old Navy Outlet has a location in Kittery.

Old Navy and Old Navy Outlet are owned by Gap Inc.




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