BOSTON-Bidding is prepared for a contract that will not obligate the use of union workers for the first time in 11 years in response to President Bush's executive order banning project labor agreements on federally-funded projects.
SOMERVILLE, MA-This city passes a zoning plan for its Assembly Square site, which is greeted by intense local opposition. Chief among the objections is the allowing for the development of big-box stores.
BOSTON-The company 33 Broad Street LLC secured permanent financing for the property it acquired here in the city's financial district. Ownership has acquired and upgraded a number of buildings Downtown.
CHELMSFORD, MA-When Sycamore Networks bought a 100-acre parcel here for its campus headquarters, the telecommunications start-up was riding high. Since then its stock has tumbled, but the company insists its plans are proceeding as scheduled.
BOSTON-Local developer Harold Theran of the Development Management Corporation proposes a development plan for Battery Wharf, a run-down section in the North end of the city here. Theran's plan includes a luxury hotel and condominium complex.
BOSTON-As developers swoop in and build up the waterfront district, the residents of the Fort Point Channel district here attempt to achieve historic status. The decision could have a major impact on future development.
BOSTON-The National Building Trades Council plans to take legal action to seek an injunction against an executive order banning project labor agreements on all construction projects that involve Federal money. The order endangers the Big Dig's project labor agreement.
MANCHESTER, NH-The Brookhill Group refinances its South Willow Shopping Center here with a $10.3 million ten year mortgage. The New York-based company focuses on acquiring and redeveloping distressed real estate, with an emphasis on shopping centers.
BOSTON-President George W. Bush stands by the executive order he issued to ban project labor agreements. This could dissolve the agreement on the Big Dig, which has managed to avoid labor disputes and work stoppages.
SOUTHBOROUGH, MA-Advance Realty Group acquires 286, 650 sf in office properties here and in Westborough. The company plans to acquire more than $500 million in value-added properties in the Northeast corridor over the next two years.