WALTHAM, MA-Public Storage Inc. purchases the Fotobeam/IKON site here. A series of developers who were never able to get approval because of the property's constraints have eyed the site.

WALTHAM, MA-Public Storage Inc. purchases the Fotobeam/IKON site here. A series of developers who were never able to get approval because of the property's constraints have eyed the site.

BOSTON-The head of the convention center being developed here in South Boston is reportedly on his way out. Sources close to the project confirm for GolbeSt.com that Walter Upton will be off the project soon.

BOSTON-Industry sources confirm for Globest.com that Verizon Communications will be subletting between 200,000 sf to 350,000 sf of space here downtown. This substantially increases the vacancy rate here.

WEYMOUTH, MA-The South Shore Tri-Town Development Corp., the agency responsible for developing the 1,450-acre former Naval Air Station here and in Abington and Rockland, decides to slow down the process of renovating the parcel.

WOBURN, MA-Verizon Wireless will close its customer service call center here as part of a nationwide expansion plan. A total of 350 jobs are affected by the move.

BOSTON-City Councilor Maura Hennigan asks the city council to consider holding onto the land for the proposed convention center here in South Boston until its assured that it has all financial safeguards in place.

SOMERVILLE, MA-Mayor Dorothy Kelly Gay rejected IKEA's latest plans for its 17-acre parcel here at Assembly Square. The Swedish furniture company began submitting proposals last year.