Hotel Tria

Philadelphia Company Acquires Alewife Hotel, Plans Upgrades

KW Development LLC has sold its 121-room Best Western Plus Hotel on Alewife Brook Parkway in Cambridge’s Alewife neighborhood to Philadelphia-based HHM Hospitality. The purchase price was $29.8 million. The 4-story hotel was redeveloped and expanded in 2009 and currently contains Hotel Tria Bar 22...

Methuen Robber

Methuen Bank Robbery Suspect Surrenders Following Chase

Methuen Police on Tuesday arrested a man allegedly involved in multiple bank robberies. On Wednesday, Feb. 3, Joshua Pittochelli of Methuen allegedly robbed a bank in Lawrence, and was seen leaving in blue Toyota RAV4. On Sunday, Feb. 7, a man robbed the Citizen’s Bank at the Stop & Shop sup...

Van Ness

Samuels Lands Anchor Tenant For Van Ness

Boston-based Samuels & Assoc. has landed an anchor tenant for its 237,000-square-foot Van Ness office tower at 1325 Boylston St. in the Fenway. Digital health care company Optum will relocate 800 employees this spring into 125,000 square feet at the Van Ness, which was completed last year on spe...

Boston Scientific Sells Quincy Property For $31M

Boston Scientific Corp. has sold its longtime distribution center in Quincy for $31 million. The Marlborough-based medical device manufacturer has leased back its 400,000-square-foot distribution center on 52 acres, spokesman Thomas Keppeler said. It’s retaining ownership of a 600,000-square-...

Millennium

Millennium Tower’s $37.5M Penthouse Under Agreement

The Millennium Tower Boston’s 60th-story penthouse unit, which had been listed for $37.5 million, has been placed under agreement as a “family residence,” developer Millennium Partners said today. The 13,000-square-foot luxury residence atop the 625-foot-tall skyscraper in Downtown Crossing is...


MBTA

MBTA Biz Ops Changes Spur Backlash From Union

The MBTA’s plans for a dramatic reduction in its business-side workforce through outsourcing of cash handling and fare gates generated a forceful rebuttal from transit unions at a Wednesday meeting. “A big part of this is to improve performance,” Chief Administrator Brian Shortsleeve told reporters. He said there are 165 employees in the T’...

Morgan Stanley To Pay $3.2B To Settle Financial Crisis-Era Charges

Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General’s Office said on Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities Group, a join...

David O'Connor

radius Adds O’Connor To Corporate Roster

radius financial group inc. has hired David O’Connor as chief technology officer at the company’s corporate headquarters based in Norwell. O’Connor brings IT, network security, software integration, database management and programming experience to his new position. Prior to joining radius, O’Connor held the same position at Poli Mortgage G...

Baker Looks To Reopen Health Care Deal

With billions of dollars on the line, Gov. Charlie Baker hopes to renegotiate a federal Medicaid waiver with the Obama administration by this summer, he said Tuesday. In October 2014, the Patrick administration secured a five-year deal with the Obama administration worth $41.4 billion that did not fund the state’s safety net care pool in...


 

LATEST BLOGS

Laura Alix

Weighted Assets

A Conversation With Webster

A few weeks ago, I had the chance to talk by phone with three of Webster Bank’s leadership team about the Waterbury, Connecticut bank’s upcoming move into Boston. I was talking to them for article...

Scott Van Voorhis

Commercial Interests

Tax Bills On The Rise

Sky-high tax bills are shaping up as a major downside of all those soaring Boston tower prices, which have been shattering records right and left. The taxman is hardly haunting the dreams of all the d...