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Tue. Jul. 31, 2012 Secretary of State William F. Galvin charges Foxborough man for allegedly defrauding seniors A Foxborough man is being charged with fraud for offering retirees nonexistent investments, then using the money for various personal expenses, the office of Massachusetts Secretary of State William F. Galvin said Tuesday. According to an administrative complaint, John A. Picini took custody of at least $2 million from about 35 clients over a two-year period as part of an effort to “maintain his lifestyle.” Picini’s attorney said his client planned to fight the charges vigorously.	Advertisement
Cole Real Estate Investments completes $93.5m purchase of Bedford office complex An affiliate of Cole Real Estate Investments has completed its $93.5 million purchase of a two-building Bedford office complex that serves as the headquarters for RSA Security, said a broker involved in the transaction. The broker is Cushman & Wakefield, a commercial real estate firm. Cushman & Wakefield represented the seller, Real Estate Capital Partners USA Capital Trust, and procured the buyer. RSA Security, a unit of data storage giant EMC Corp. of Hopkinton, makes software used by many businesses and government agencies to protect data.
Home values in the Boston area increased modestly in May, says Case-Shiller Boston area housing values increased by 2.4 percent in May compared with April, according to data released Tuesday by the S&P/Case-Shiller Home Price Indices. That marked the second consecutive month of increasing values in the region following eight months of slight declines, according to the index. S&P/Case Shiller is considered by real estate specialists to be one of the most accurate measures of home values because it’s based on repeat sales of properties.
Athleta gears up for Newbury Street store opening Athleta, a California-based retail chain that focuses on women’s athletic apparel, has scheduled an Aug. 15 grand opening for its new store in Boston’s Back Bay neighborhood. The store will feature a broad assortment of apparel for running, yoga, gym training, swimming, hiking “and everything in between, said Athleta, which is run by Gap Inc. According to Athleta, its gear is both hard working and fashionable.
Smart Lunches buys Smart Snax Smart Lunches, a Boston-based online meal service that seeks to provide nutritious lunches to school children, said Tuesday that it has acquired Smart Snax, a vending-machine business operating in Greater Boston. The terms of the transaction are not being disclosed. Smart Snax’s dual-temperature vending machines are currently stocked with natural and organic snacks and drinks in public and private schools and YMCAs in Greater Boston. Acquiring Smart Snax gives Smart Lunches another option when it seeks to persuade a school to participate in its program.
Mersana Therapeutics raises $27m Mersana Therapeutics Inc., a Cambridge biopharmaceutical company, said Tuesday that it has closed a $27 million Series A-1 financing led by new investor New Enterprise Associates. Participation in the round also included new investor Pfizer Venture Investments and existing investors Fidelity Biosciences, ProQuest Investments, Rho Ventures, and Harris+Harris Group, the company said. New Enterprise Associates general partner David Mott will become chairman of Mersana’s board of directors.
HFF arranges $20m financing for Newton Wellesley Executive Office Park HFF, a firm that provides commercial real estate and capital markets services, said that it has arranged $20 million in financing for Newton Wellesley Executive Office Park, a four-building suburban office park in Wellesley. HFF said it worked exclusively on behalf of Newton Wellesley Executive Office Park LLC, an affiliate of the Nelson Cos., to secure the 10-year, fixed-rate loan through Principal Global Investors. With about 130,000 square feet of space, Newton Wellesley Executive Office Park is 100 percent leased to 25 tenants.
Supreme Judicial Court upheld lower court dismissal of lawsuit against Citizens Bank The Supreme Judicial Court on Monday ruled that Citizens Bank had no responsibility in a fraud committed more than a decade ago by former Boston defense attorney Morris M. Goldings.
Tapjoy adds Viximo team to create Boston studio Tapjoy, Inc., a mobile advertising and publishing platform, on Monday announced a transaction which includes the addition of the core team from Viximo, a Cambridge-based provider of cross-platform distribution for social games and apps. The Viximo team will provide the basis for a Tapjoy studio in Boston, enabling the San Francisco-based Tapjoy to expand its product offerings and services.
NE governors, Canadian counterparts talk energy New England governors and their eastern Canadian counterparts, who are eager to export a growing overabundance of hydroelectric and wind power, promised Monday to work together to increase the use of clean energy throughout the region. During their 36th annual meeting, governors, eastern Canadian provincial leaders and their representatives talked about the need to share energy resources across state, provincial and international boundaries.
AFL-CIO trust invests $90 million in two Boston housing developments The AFL-CIO Housing Investment Trust announced Monday that it is providing $90 million towards rehabilitating and preserving the Blackstone Apartments and Franklin Square House Apartments in Boston. Work on the two important affordable housing options for elderly and handicapped residents will generate approximately 150 union construction jobs.
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