BOSTON-Brookfield Properties Corp. acquires an additional 5.4% of its assets here--at 53 and 75 State St.--as well as its assets in New York, by increasing its ownership of Brookfield Financial Properties.

QUINCY, MA-Massachusetts Heavy Industries is back in bankruptcy court claiming it has a new financial plan that will allow it to revive the 180-acre Fore River Shipyard here. The company found a backer who has agreed to raise the $55 million MHI needs.

WALTHAM, MA A cost-cutting campaign leads Terra Lycos to eliminate 48 jobs or 15% of its workforce with its US headquarters here losing about 99 of those jobs. A softening of the online advertising market is blamed.

BOSTON-Millennium Partners, which is developing the $515 million Ritz-Carlton Hotel & Towers here, is donating one million dollars to renovate the Boston Common and is providing additional funds for its upkeep. The hotel complex anchors the park.

BOSTON-A Massachusetts Turnpike Authority official comes out in favor of height limits on buildings built over the Massachusetts Turnpike. This is a switch for the Authority, which has supported large projects to pay for the Big Dig.

BOSTON-Beacon Capital Partners Inc. revises its proposed project for its Fort Point Channel redevelopment project on the waterfront. The company had been facing mounting local opposition.

WAKEFIELD, MA-Hobbs Brook Management LLC tops off its building here at 601 Edgewater Dr. in the Edgewater Office Park. Asking rents for this 160,000-sf building are in the low $30s.

BOSTON-Boston Properties is rumored to be in serious consideration to redevelop the old Boston Garden here. The locally-headquartered development company is reportedly interested in erecting a large-scale office development on the 2.5-acre parcel.