Latest Business News

Every day when I get to my office I walk by an empty office of about 4,000 square feet, that reminds me of the dark side of pollyanna entrepreneurship, acting on impulse and optimism, without planning.

I don’t know whether or not anybody is paying rent for that space, but it’s class A office space. More than a year ago that space was tailored and customized for a new tenant. The changed the layout, added walls, carpets, interior lighting, and signage. It must have cost tens of thousands of dollars.

But nobody moved in. They ran out of money. Nothing happened but the leasehold improvements. That space has been empty for more than a year now.

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London Scottish House, the former headquarters of London Scottish Bank, is being put on the market by Dublin-based owner Walls Developments.

The 50,000 sq ft building on Mount Street in the city centre is being offered to a buyer for refurbishment or redevelopment, albeit on a smaller scale than previously envisaged.

Options for the site include a new office block or an extension to double the existing size of the building.

The landmark building, currently occupied by Age Concern, is being sold by joint disposing agents WHR and CB Richard Ellis, which won a pitch involving six consultancies.

London Scottish House lies in the heart of the St Peter’s Square regeneration zone.

It had previously been earmarked for a scheme of up to 260,000 sq ft.

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Tags: London Scottish, London Scottish House, Market, Scottish House

Retailers are gearing up for a strong Black Friday and if the results of a recent consumer survey are accurate, they won’t be disappointed.

In a preliminary Black Friday shopping survey commissioned by the National Retail Federation (NRF), 152 million individual consumers plan to shop on Black Friday weekend (Friday, Saturday, Sunday), up from the 138 million who planned to shop in the 2010 survey.

But like every year, actual numbers will depend on weather and value factors.

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Tags: Black Friday, Shopping

ARVADA, Colo.—Energy Secretary Steven Chu says the global market for solar energy remains huge and it’s important that the United States stay in the game.

Chu’s comments at Colorado solar facility on Friday came a day after hostile questioning by Republicans in Congress over a federal loan to Solyndra Inc., a failing solar-panel manufacturer in California. Chu told a House committee that unexpected market changes, including cheap imports from China and the collapse in the European market for solar panels, led prices for Solyndra’s product to fall.

Chu toured the PrimeStar solar manufacturing facility in suburban Denver that General Electric bought this year. <

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Tags: Chu Says, Solar

Faster, cheaper, and “a heckuva lot easier.” That how Yan Ness, owner of Online Tech, describes as the advantages of moving your small business data to a private cloud. Play the brief clip below from this week’s Business Next radio program. 
 

Tags: Business Data, Data, Small Business, Small Business Data