As Boston homeowners face a 7.5 percent property tax hike and the city’s schools confront a $63 million shortfall, a city watchdog group is asking the Menino administration to sell a pair of underused buildings in the North End that could fetch more than $15 million. The Boston Finance Commission wants to know why Mayor […]
How does one go about filling 350,000 square feet of empty Class A office space in a market still plagued by negative absorption? Very slowly, says Ted Oatis, a partner with The Chiofaro Co. in Boston. In roughly two weeks, such a chunk of space will officially be vacated at International Place, the 1.9 million-square-foot […]
Samuels & Associates announced this week its plans for the 2.2 acre parcel known as the Fenway Triangle, unveiling a blueprint for 290 residential units, 225,000 square feet of office space and a smattering of retail and parking facilities. The plan, filed with the Boston Redevelopment Authority Monday, is the first step in the BRA’s […]
Street-Works LLC has struck a deal with Quincy officials that will see the firm partly finance some $227 million in public infrastructure projects in exchange for the right to expand its already ambitious $1.3 billion mixed-use redevelopment of the city’s commercial center. The financial and permitting arrangement were included in the project’s master plan that […]
Related News Textaurant awarded $10k from West Coast investor McClure [December 21, 2010] Founded: 2009 Headquarters: Waltham Web: www.textaurant.com Email: josh@textaurant.com Phone: 617-851-8204 begin_of_the_skype_highlighting 617-851-8204 end_of_the_skype_highlighting Employees: 3 The pitch: $50,000 to $100,000 in funding for testing at additional sites, and marketing, branding, sales and product development. Waiting in line hasn’t seen much in the way of […]
If you thought inventing the Internet was a big enough accomplishment that you can rest on your laurels, you can’t work for Raytheon BBN Technologies — the actual inventors of said Internet. DARPA agrees, and is now funding Raytheon BBN in a program to create super high-capacity broadband encrypted communications that is all but unbreakable, […]
Rendering, Northborough Crossing – Northborough, MA Shown (from left) are Douglass Karp, lt. governor Tim Murray and Stephen Karp. Northborough, MA Construction is well underway for Northborough Crossing, a 600,000 s/f open-air retail center being developed by New England Development in partnership with Brendon Properties and The Wilder Companies. The first new, major retail project […]
Avila Therapeutics, Inc., a privately held biotechnology company, will receive an upfront payment of up to $40 million from French drug maker Sanofi-aventis, as part of a research collaboration aimed at developing cancer drugs. Cambridge, Mass-based biotech will receive up to $154 million in milestone payments for any drug that is eventually approved. Waltham, Mass.-based […]
Best Buy Co. Inc. said Friday that it’s rolled out health and fitness devices to about 600 Best Buy stores across the country, as well as online at Bestbuy.com. Richfield-based Best Buy (NYSE:BBY) has been offering the products at 40 stores for the past year as part of a pilot program. The health and fitness […]
A firm led by a Belgian investor has acquired the sites of two planned South Beach apartment projects in a deed in lieu of foreclosure and a short sale. The largest deal involved a 12-unit apartment project in mid-construction in which Banco Popular North America let the developer sell the property for 52 percent less […]
