BILLERICA, MA-Packard BioChip Technologies LLC, a wholly-owned subsidiary of Packard BioScience Company, purchases a 40,000-sf building here for $3.3 million. The company plans to convert the office and R & D building into a manufacturing facility.
WEYMOUTH, MA-Raytheon Co. takes a $275 to $325 million charge in its first quarter to cover the completion of two power plants here and in Everett. The company is obligated to finish building the plants.
QUINCY, MA-A nine-story Marriott Hotel being developed here in the Crown Colony Office Park is nearly completed. The potential of this project is enhanced by the governor's commitment to build an exit road to the Southeast Expressway.
CHELMSFORD, MA-The telecommunications industry claims yet another victim as Sycamore Networks, headquartered here, plans to lay off 140 workers and slow down its plans for a campus on a 100-acre parcel it purchased in Tyngsborough.
NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.
NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.
WALPOLE, MA-Structural Preservation Systems establishes its first physical presence in the area by opening an office here. The company has been doing business with clients in the Greater Boston areas for the last 20 years.
QUINCY, MA-Shipyard Associates wants to redevelop the General Dynamics Fore River Shipyard here into a mixed-use complex. The shipyard had been sitting empty for years until a failed attempt to revitalize it ended in bankruptcy courts last year.
WESTFORD, MA-Lotus Development Corp. plans to move some of its operations from Cambridge to its facilities here, where it plans to expand. Despite the much cheaper real estate prices here, the company insists it's not an economic move.
BOSTON-World Trade Center East had all of its 500,000 sf pre-leased when it opened last August. Since then, nearly half that space has opened up as high tech companies fell victim to the economic downturn.