EMD Serono, the Massachusetts biopharmaceutical division Merck KGaA, held an official opening ceremony today for a new $65 million research-and-development facility in Billerica that will initially create about 100 new jobs. Merck, a chemical and pharmaceutical giant headquartered in Germany, will now have four research hubs deployed around the globe, and the Billerica site will […]
By DEALBOOK BJ’s Wholesale Club said on Thursday that it had decided “to explore and evaluate strategic alternatives, including a possible sale of the company.” That only confirms what the market has known for months: that there is an auction going on for the retailer. BJ’s has hired Morgan Stanley to run the sales process. […]
According to Bloomberg, Big Lots Inc. (BIG – Analyst Report), the largest broad-line closeout retailer, is looking for strategic choices which might include the sale of the company. Big Lots, which competes with Target Corporation (TGT – Analyst Report) and Wal-Mart Stores Inc. (WMT – Analyst Report), has hired Goldman Sachs to guide on the […]
The MBTA authorized an expenditure of nearly $22 million in planning and design work for the Green Line Extension Project on Monday. The transit authority’s board of directors agenda called for up to $95 million to be authorized yesterday in the joint design contract with Gilbane and HDR, but scaled back to approve only about […]
Cambridge-based Momenta Pharmaceuticals has been granted a patent that will help the company advance its drug target for a generic form of Teva Pharmaceutical Industries’ multiple sclerosis treatment Copaxone, the Boston Business Journal reports. The approval capped a good day for Momenta and a not-so-good one for Teva, which reported that profits fell short of […]
BOSTON — The Boston office of Lincoln Property Company, a full-service real estate firm providing leasing, investment sales, property management, appraisal/valuation, development and project management services to a wide range of clients, announced that it has negotiated two sublease transactions totaling over 25,000 square feet on behalf of Heartland Robotics. Due to robust growth Heartland […]
Communispace Corp.’s sale this week to Omnicom is unlikely to slow its plans to fill out 80,000 square feet of space in Boston. The deal was worth “slightly more than” $100 million, sources confirmed. The $100 million figure was first reported in Stuart Smith’s MarketingWeek blog. That’s no grand slam, but it’s a happy multiple […]
Urban Outfitters will spend up to $80 million and hire 1,000 employees as part of an expansion of its headquarters at the Philadelphia Navy Yard, company and public officials said Wednesday. In the first phase, the retailer, which sells trendy apparel and home decor, will spend $30 million to acquire and redevelop two buildings, including […]
Sunny Delight Beverages Co. has sold its Littleton manufacturing facility for $15 million to an affiliate of private equity concern Angelo, Gordon & Co. of New York. The sale closed Jan. 11 and was brokered by Robert Cronin of Colliers International of Boston. Veryfine, a maker and marketer of fruit and flavored drinks, will leaseback […]
New Boston Fund Inc. and the Asian Community Development Corp. are seeking to scale-down the plans for their Parcel 24 residential development in Chinatown. The project, first submitted for BRA approval in October 2008, will be presented to the Boston Redevelopment Authority’s board Thursday night. Originally designed to include up to 289 condominiums and 70 […]
