BOSTON-Locally based Corporate Realty Investment Corp. has entered into a $20.5-million sale/leaseback deal with Fiat SpA, the Italian car manufacturer. The 23-acre property is located in Alabama and will be occupied by a Fiat subsidiary.
BOSTON-The Nipmuc Indians' hope to build a casino in this state has serious opposition in the statehouse here, which insists that it has final say in the matter.
BOSTON-Meredith & Grew executives believe the slowdown in the economy will bring the commercial real estate market here back to a normal rate of growth.
BOSTON-A panel appointed by Mayor Menino to help divide up community benefits raises concerns. The group was created in the aftermath of a local controversy over a multimillion deal struck with developers.
BOSTON-Beacon Capital Partners Inc. submits its proposal to develop the Midway District here on the South Boston waterfront. The $300 million plan will develop 1.75 million sf of space.
BOSTON-Right after buying the Arch St. site here for $40 million, Congress Group Ventures acquires financing to develop a 31-story tower. The tower is the seventh in a series of major office buildings built in this area in the past few years.
NORTH READING, MA-Converse Inc. files for bankruptcy protection. The sneaker maker sells its headquarters here for $15.1 million but plans to remain in the area.
SOMERVILLE, MA-A member of a local activist group initiates an appeal against Taurus of New England to prevent construction of a Home Depot at Assembly Square. Local officials are concerned about the potential impact this will have on development here.
WOBURN, MA-In what could be an indication of upcoming trends, Endogen, Inc. subleases 20,060 sf of space to Australian-based Proteome. Endogen was recently acquired by a Swedish company, which restructured the biotech firm.
BOSTON-Avalon Bay Communities is reportedly close to a deal to buy the rights to put up a 500-unit apartment building here, next to the proposed new ballpark in Fenway.