DANVERS, MA-California-based Applied Materials, a manufacturer of products for the semiconductor industry, leases the 280,000-sf former Osram Sylvania manufacturing and office facility here. The company is putting $40 million into renovating the building and has an option to purchase it.
WORCESTER, MA-The city manager here is asked to look into alternative sites for a vocational high school. The school is supposed to be sited on a 21-acre parcel here on Belmont Hill but the conservation commission has objected to the project because of the wetlands in the area.
BOSTON-Developer Frank McCourt continues his quest to develop a ballpark for the Boston Red Sox on his parcel here in South Boston on the waterfront. A transportation consulting business working with the developer has hired a high-powered lobbying firm to push the developer's case on Beacon Hill.
BOSTON-A new plan to rebuild Fenway Park has been proposed by one of the seven groups bidding to buy a controlling interest in the team. While the team's construction advisor has dismissed other plans, this one warrants further study, he tells GlobeSt.com.
BOSTON-Local developer Frank McCourt makes one final presentation of his proposal to develop a ballpark for the Boston Red Sox on part of his 25-acre parcel on the South Boston waterfront.
BOSTON-In yet another indication of how poorly the local hospitality industry is faring in the wake of the recent terror attacks and the faltering economy, the Ritz-Carlton Boston decides to close its doors for renovations nearly two and half months earlier than it had originally planned.
WAYLAND, MA-A prime piece of real estate is coveted by both a group of private developers and the town. Wayland has made an offer on the 25-acre parcel but town officials tell GlobeSt.com that the developers want more cash than the town can scare up.
HOPKINTON, MA-EMC Corp. will lay off 10% of its work force--its largest layoff ever. A company spokesperson tells Globest.com that the company is looking to consolidate its current operations and the fate of two facilities under development is unknown.
SHERBORN, MA-Local residents here and in Ashland form a coalition to oppose a housing project being developed in their midst. The developer plans to make 25% of the units affordable, putting it safely within the state affordable housing law and enabling it to bypass some local zoning laws.
BOSTON-Represenative Marie J. Parente files a bill in the state legislature providing local conservation commissions with the right to hire a consultant to review a project and require the developer to pay. The Greater Boston Real Estate Board opposes the bill's lack of specific guidelines.