NEWPORT, RI-Chesapeake Hotel Group assumes management of Vanderbilt Hall here. The building, which was originally bestowed to the community by the Vanderbilt family in 1909 as a YMCA, is now a 52-room, full-service hotel.
BOSTON-Akibia Consulting opens a new consulting headquarters here on Post Office Square. The consulting firm's move from Broad Street here is part of Akibia Inc.'s corporate strategy for expansion both nationally and internationally.
WESTWOOD, MA-A flurry of deals here and in Acton and Tewksbury is good for the suburban market, but local brokers insist that its not time to get too optimistic, mainly because of the increase in sublease space.
BOSTON-Occupancy rates at hotels in this area and in Cambridge plummet as the local hotel industry begins to feel the economic pinch. Hotel industry officials would like to see the state do more to stem the fall.
MARLBORO, MA-Evergreen Solar Inc. opens a manufacturing and headquarters facility here. The company has operated a pilot production line in Waltham for the past three years but anticipates that this 56,000-sf facility will increase its manufacturing capacity.
CAMBRIDGE, MA- Guilford Transportation Industries, Inc. chooses Spaulding & Slye Colliers Inc. to develop a proposed mixed-use project here in East Cambridge on its 45-acre parcel of land. The site is one of the last large tracts of undeveloped land in this area.
BOSTON-Developers of the 1,120-room convention center hotel have yet to nail down financing. The hotel is crucial to the success of the Convention & Exhibition Center proposed for the waterfront in South Boston.
WALTHAM, MA-Polaroid Corp. sells its 56-acre campus here to the Davis Companies in a joint venture with Prudential Real Estate Advisors. The embattled instant photography company has been struggling to reduce its debt.
GROTON, MA-New England Business Services Inc. closes down a facility in Sudbury and lays off 3% of its workforce. In light of economic pressures, the direct marketing company is attempting to reduce operating costs.
WALTHAM, MA-Polaroid Corp. sells its 56-acre campus here to the Davis Companies in a joint venture with Prudential Real Estate Advisors. The embattled instant photography company has been struggling to reduce its debt.