BOSTON-The sale of the Boston Red Sox to a group of investors led by John Henry and Tom Werner is officially approved by Major League Baseball. The new owners have stated that they want to renovate Fenway Park rather than build a new ballpark for the team.
BOSTON-Simon Property Group's part in the acquisition of the assets of Rodamco North America NV means that the Indianapolis-based company will add three area malls to its portfolio. Westfield America Trust and the Rouse Company acquired Rodamco with Simon.
WAYLAND, MA-ABS Capital Partners, a Baltimore-based private equity firm focusing on technology companies, opens a local office here. The company has invested over $150 million in various companies in the area but this is its first physical presence in the Greater Boston area.
BOSTON-The Massachusetts Port Authority is once again focused on getting a new runway built at Logan International Airport here. The agency has two cases pending against the proposed runway and is waiting for approval from the Federal Aviation Administration.
PLYMOUTH, MA-A.D. Makepeace delivers plans to develop 1,800 acres here. The company had originally wanted to develop 6,000 acres in Carver and Wareham as well, but failed to receive the necessary support.
WILMINGTON, MA-The brokerage services team of Cushman & Wakefield has recently negotiated a number of lease deals here and in the Metro West area. The area has recently seen its vacancy and availability rates go up while its rents have been going down.
SUDBURY, MA-An effort by the town to acquire a 70-acre parcel here near Route 20 from a developer is knocked down by a Massachusetts Land Court judge. A town official tells GlobeSt.com that the town intends to appeal the ruling.
BROCKTON, MA-Campanelli Companies receives permanent mortgage ground lease financing of $7.65 million for the the newly opened Lowe's Improvement Warehouse site in the Westgate Shopping Center complex.
MIDDLEBOROUGH, MA-The town wants to purchase a 92-acre site here earmarked by a developer for residential units--including affordable housing. The town has first right of refusal on the land because of its tax status.
WORCESTER, MA-Worcester Common is being renovated at an estimated cost of $5 million. City officials hope that the revitalization of this 5.2-acre parcel in the heart of downtown here will help rejuvenate the entire area.