BOSTON- FleetBoston Financial Corp. says the low-growth business would fare better in the hands of a larger firm such as Washington Mutual Inc. The company will continue to originate loans, which will be serviced by Washington Mutual.
BOSTON-The city is considering having designers compete on how to best plan part of the Surface Artery, the 30-acre parcel that will be created here once the Big Dig finishes putting the highway underground.
BOSTON-Brookfield Properties Corporation closes the sale of a 49% interest in two of its properties here in the heart of the city's financial district. The interest sold to Deutsche Grundbesitz Management, for $337 million.
BOSTON- Tosco Marketing Corp., an Exxon licensee, wins the rights to 11 service locations on the Massachusetts Turnpike in an estimated $100 million transaction for a 10-year agreement. The company will replace Mobil, whose contract had expired.
MARLBOROUGH, MA-StarGen relocates its headquarters to a 25,000 sf facility. The company needs the room to grow and preferred to stay in this town, which has acquired a reputation as a high tech center.
WAYLAND, MA-Pounding rain this past Friday came after a storm that caused $10 million in damage. Governor Paul Cellucci has applied for federal funding to help with the flood recovery.
CAMBRIDGE, MA-A recent, sudden increase in vacancy rates here does not mean rents will be plummeting anytime soon, according to David Begelfer, CEO of the National Association of Industrial and Office Properties.
WESTFORD, MA-Locally-based Captivate Network Inc. merges with Toronto-based Elevator News Network. The two companies provide media content and advertising in elevators via monitors and together have contracts to install monitors in 1,100 buildings across the country.
CAMBRIDGE, MA-A recent, sudden increase in vacancy rates here does not mean rents will be plummeting anytime soon, according to David Begelfer, CEO of the National Association of Industrial and Office Properties.
BOSTON-The city acquires the largest parcel it needs to make room for the convention center being built here. The city has now acquired 75% of the 60-acre site, but 11 cases are still pending in court.