 | Thu. Sep. 15, 2011 Cresset buys Seaport District building for $7.3m
The developer of the Liberty Wharf restaurant-and- office complex in the Seaport District has planted another flag in the neighborhood, purchasing a nearby office building where it is exploring a new development project. Cresset Development purchased a two-story, 74,000 square foot office building at 411 D St. across from the Boston Convention and Exhibition Center. The building was formerly the headquarters of Bowne Inc. of Boston, a document preparation service. The sale price was $7.3 million, according to public records. Cresset is considering construction of new office and lab space, or housing. Mass. supermarket chain dumps self-serve lanes
A Massachusetts-based supermarket chain is doing away with its self-service checkout lanes, saying they haven’t been able to replace the friendly human cashier. Big Y says the self-serve lanes will be phased out and more standard service lanes added. The chain opened self-serve lanes in 2003 as a way to speed up checkout and save money. But it found checkout times actually lengthened as customers grappled with bar codes, coupons, and payment methods. JetBlue’s Barger to address BC’s Chief Executives’ Club of Boston
JetBlue Airways CEO Dave Barger will address a lunch of the Boston College’s Chief Executives’ Club of Boston next week. JetBlue is the largest carrier at Logan International Airport. Barger is expected to give his analysis of changing strategies and trends within the airline industry. JetBlue is also the major sponsor of the JetBlue Park in Florida. An 11,000-seat replica of Fenway Park, JetBlue Park will be the spring training home of the Boston Red Sox starting in 2012. Citizens Bank-Dunkin’ redux: Open a bank account, then have a cup of joe and a donut
Citizens Bank said today it has opened a full-service branch inside a Dunkin’ Donuts in Cambridge, roughly two years after opening the first branch of this type in a Dunkin’ Donuts in Bellingham. According to Citizens, both its bank brand and Dunkin’ are all about convenience. The Cambridge location is at 808 Memorial Dr. The bank branch features three teller windows and a full-service ATM as well as two private offices. American Superconductor charges Chinese wind turbine maker with industrial espionage
American Superconductor Corp. said it is seeking civil and criminal penalties against a Chinese wind turbine maker, charging the company hired a former American Superconductor employee to steal its technology. In a regulatory filing, American Superconductor said it has filed suit in China and is in process of filing criminal complaints against Sinovel Wind Group Co., once American Superconductor’s biggest customer. The Devens company said it discovered the corporate espionage through an internal investigation and a criminal investigation by Austrian authorities Babson marks arrival at Boston’s Innovation District
Babson College has scheduled an event for this morning to mark the opening of its Boston campus in the city’s Innovation District. The new campus on Summer Street will be the site of graduate school courses, lectures, and events, said Babson, which has its main campus in Wellesley. Babson College president Len Schlesinger and Mayor Thomas M. Menino are expected to be on hand for the event. Mass. unemployment rate drops to 7.4%
The Massachusetts unemployment rate was 7.4 percent in August, down from 7.6 percent in July, the state’s Executive Office of Labor and Workforce Development said this morning. The national unemployment rate is 9.1 percent. But after adding jobs in June and July, the Bay State economy lost 8,900 jobs in August. Jobs and unemployment numbers can diverge because they are based on two separate surveys. Even with the August loss, the state’s economy has still managed to add nearly 42,000 jobs in the first eight months of 2011. French advertising giant buys Schwartz Communications
The French advertising giant Publicis Groupe has bought Schwartz Communications for an undisclosed amount, said Schwartz, a Waltham public relations firm that reported $25.2 million in fee billings last year. Schwartz, which has 180 employees, will be folded into MSLGROUP, the public relations unit of the Publicis network, and renamed Schwartz MSL. The move strengthens the presence of Publicis in this region. Nearly five years ago, Publicis agreed to buy Digitas Inc., a Boston firm focused on Internet marketing, for $1.3 billion. Bain, EMD Serono, MassMutual make Working Mother 100 Best Companies list
Bain & Co., EMD Serono Inc., and MassMutual Financial Group were among Massachusetts companies that made the 2011 Working Mother 100 Best Companies list. Bank of America Corp., which has a big local presence, also made the list. Working Mother Magazine compiles its list of winners after evaluating a company’s policies on such issues as flexible work arrangements, parental leave, child care, health and wellness support, and the advancement of women to all levels of management. Steward closer to taking over two more hospitals
The state Public Health Council approved the transfer of licenses for Morton Hospital in Taunton and Quincy Medical Center to Steward Health Care System, the Boston-based community hospital group formed by the buyer of Caritas Christi Health Care. Earlier this month, Massachusetts Attorney General Martha Coakley signed off on the acquisition of Morton and Quincy Medical by Steward, a for-profit network owned by private equity firm Cerberus Capital Management of New York. US government gives Amesbury bank $17 million
The federal government says it gave Provident Bancorp Inc. of Amesbury $17 million as part of controversial national program to boost small business lending by injecting money in community banks. Critics have called the Small Business Lending Fund another government bailout of banks, similar to the Troubled Asset Relief Program. They’ve dubbed it TARP Jr. and Son of TARP. So far, the Treasury Department has awarded $2.4 billion to nearly 200 banks, including $58 million to seven institutions in Massachusetts. |
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