Word: reising
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
According to Renato D. Reis, owner of an upscale men's accessories store in the arcade, the tenants left because the University had lost faith in them.
Renato D. Reis, who owns Renato's men's accessory store, went through six months of interviews and invested $60,000 in his 180-square-foot store because he received a similar impression of longevity. He will lose his entire investment when his lease expires.
According to Levitan, HPRE only began to seriously rethink the mission of the arcade this past November, and the final decision to "wind down the kiosk program" was announced at a meeting in late January. However, Reis and Contescu said they believe this is untrue.
Reis' lease became eligible for renegotiation last October. In late November he finally met with Levitan, who told him that his lease would not be renewed and that in fact no leases would be renegotiated. But Contescu's My Dog kiosk first opened for business in late November, and she...
He has been there fewer than three years; according to conventional business wisdom, it takes five years for a small business to establish itself and make regular profits. Harvard is not giving Reis and the other vendors a chance.