• eden

    MCB Real Estate & Acadia Acquire Eden Square for reported $25M

    A  joint venture between affiliates of Baltimore-based MCB Real Estate, LLC and Acadia Realty Trust through Acadia Strategic Opportunity Fund IV LLC, acquired  the  235,508 square foot Eden Square shopping center off Route 40 in Bear. The News Journal reported the sales price was around $25 million. CBRE’s Kevin McClernon and George Schmitt represented the seller, Bellevue Holdings, in the [...]

  • Matt Haley

    (Video tribute) Sussex restaurant owner Haley dies in motorcycle accident in India

    Matt Haley, founder and CEO of Rehoboth Beach, Del.-based Matt Haley Companies, on Monday has died from injuries suffered in a motorcycle accident in India. According to his management company, died while on a medical transport plane en route from Leh to  New Delhi. He died late Tuesday  night eastern time. Tributes began to pour in as [...]

  • Page 1

    Check out the Aug. 20-26, 2014 Business Bulletin

      Delaware’s jobless rate rose slightly to 6.2 percent as better economic news led to more people looking for work. And in a stunning development State Treasurer Chip Flowers decided not to seek re-election as a former deputy treasurer leveled charges of harassment.  Meanwhile, DuPont found itself involved in a probe of soil dumped at [...]

  • Medical marijana

    Medical marijuana center, headed by lobbyist & former state trooper, could open in early 2015

    Delaware is moving toward the use of medical marijuana with the state’s Department of Health and Social Services authorizing the first center in an industrial park near Wilmington. The center will be headed by a lobbyist, retired state trooper  and former county director for U.S. Sen,. Tom Carper. Click here for background information on medical [...]

  • Scales of Justice

    Former Robino executive gets two years in prison for embezzlement of retirement funds

    Michael A. Stortini,  former managing member and part owner of the Frank Robino Companies was sentenced Monday  by United States District Court Judge Richard G. Andrews to 24 months in prison  for embezzling $606,500 in retirement savings from his employees’ 401(k) plan, as well as failing to pay hundreds of thousands of dollars in payroll taxes [...]

  • Flowers

    (Newsworks Video) State Treasurer Flowers to serve out term, move to Massachusetts

    Delaware State Treasurer Chip Flowers will serve out his term, but will drop out of the race for re-election. The announcement came after The News Journal reported a former staffer Erika  Benner complained of harassment by Flowers  to Dover Police. Republican candidates running for the post had called for his resignation. Flowers will move from Delaware to [...]

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