BOSTON-Verizon Communications will cut more than the 10,000 jobs it had initially intended to cut in its massive job-cutting plan that was announced this past February. A company spokesperson insists that local facilities will not be affected.
NORTHBOROUGH, MA-The I-290 Industrial Park, currently owned by the Ohio Teachers Retirement System, is reportedly being purchased by the RREEF Funds. The broker, manager and seller of investment grade real estate is said to be acting on behalf of institutional investors.
NORTHBOROUGH, MA-The I-290 Industrial Park, currently owned by the Ohio Teachers Retirement System, is reportedly being purchased by the RREEF Funds. The broker, manager and seller of investment grade real estate is said to be acting on behalf of institutional investors.
BRAINTREE, MA-Two longtime general contractors, locally based Peabody Construction Co. and Newton-based Beaver Builders, have decided to join forces. Peabody has been here 110 years, Beaver for 50.
WEYMOUTH, MA-A small landfill that would be part of the massive redevelopment of the 1,450-acre former Naval Air Station here is becoming part of a growing environmental controversy. Local residents want it closed while the Navy insists that it is clean.
BURLINGTON, MA-OneSecure makes its first foray into the New England region by opening a local office here, The company, a managed security services provider, wants to accommodate demand for its services and have easy access to local customers.
BOSTON-Management for the Boston Red Sox have reportedly declared that any discussions between potential bidders for the team and team management must wait until after the season ends. This decision could put plans for a new ballpark for the Sox a number of years in the future.
WESTBOROUGH, MA-The state considers developing affordable housing at the campus of a former reform school here. Selectmen from this town recently allowed the state's economic development agency to evaluate the property and develop a master plan for the project.
BOSTON-Commercial property owners here are scrambling to reconvert their telecom buildings into alternative space as the need for telecom space dries up. The Boston Internet City Project is a prime example of this trend.
CAMBRIDGE, MA-Mirant New England Inc., part of Atlanta, Georgia-based Mirant Corp. a global energy company, expands its power generation plant here to accommodate the area's need for additional electricity due to its increase in residents and businesses.