MARLBOROUGH, MA-3Com Corp. is selling its four building office park here. The networking equipment manufacturer recently decided to outsource its manufacturing to Flextronics, but plans to lease back some space here after it finds a buyer.
BOSTON-City Hall gives final approval for a hotel and retail complex in this city's theater district. Shubert Enterprises and Loews Hotels are developing the $150 million project, which will include 390 rooms, a restaurant and underground garage.
BOSTON, MA-Lend Lease US Office Trust, an Australian-listed property trust which specializes in US office real estate assets, acquires 1 Liberty Square here in the heart of the city's financial district. This is the Trust's first acquisition in the Boston market.
WELLESLEY, MA-The Charles River Hospital is auctioned to Lehman Brothers, which will most likely develop this nine-acre parcel in one of this area's most upscale neighborhoods. The sale highlights the growing shortage of beds for the mentally ill in this state.
BOSTON-City Councilor Michael Flaherty calls for a review of plans to build a ballpark in the waterfront district. Frank McCourt, who owns 25 acres, has been campaigning to have the ballpark built on his property.
BOSTON-Hotel occupancy rates here are down 3.9% for the first four months of the year as compared with the same period last year. This is the first time in nearly a decade that hotels here are experiencing a decrease in occupancy.
BOSTON-The Joint Committee on Housing and Urban Development, a legislative committee, approves of a plan that would penalize communities in this state that don't build a minimum required amount of affordable housing.
MANCHESTER, NH-Fleet Bank renews its lease here at 1155 Elm St., while Transcept Inc., a telecommunications manufacturer, leases 42,000 sf at 955 Perimeter Rd. for its corporate headquarters.
WALTHAM, MA-Boston Properties tops off the Waltham Weston Corporate Center here. The 304,000-sf office building, situated on the Waltham/Weston line near the Massachusetts Turnpike, will be available for occupancy this coming January.
BOSTON-Hotel occupancy rates here are down 3.9% for the first four months of the year as compared with the same period last year. This is the first time in nearly a decade that hotels here are experiencing a decrease in occupancy.