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Wed. Aug. 15, 2012 Charles Street AME church bankruptcy case resumes	Advertisement
Archstone-sponsored partnership acquires 285-unit community in Dedham A 285-unit apartment community in Dedham has been purchased by a partnership sponsored by Archstone, an apartment investment and operations company based in Englewood, Colorado. Station 250, which is located at the corner of Elm Street and Robinwood Road in Dedham, was acquired for a purchase price of $94.25 million and will be renamed Archstone Legacy Place.
Verizon expanding its 4G network in Plymouth County, on the North Shore, and in Pittsfield area Verizon Wireless will expand its 4G Long Term Evolution (LTE) network to three new Massachusetts areas on Thursday, August 16: five towns in Plymouth County, ten on the North Shore, and eleven in the Pittsfield area.
Despite state ruling, Uber car service vows “full speed ahead.” Uber, a start-up that allows people to use a smartphone to request private car service, is promising to fight a cease-and-desist order from the Division of Standards of the Commonwealth of Massachusetts requiring it to stop operating in Greater Boston. The service’s drivers use GPS location technology, accessed via smartphone, to calculate the charges for each ride.
Rappaport to team with Chestnut Hill Realty on rental housing investments Boston real estate investor Jerome L.Rappaport Jr. is launching a new venture with Chestnut Hill Realty focused on investments in the region’s red hot rental housing sector.
Thermo Fisher offering benchmark bonds for One Lambda purchase Thermo Fisher Scientific Inc., the world’s second-largest maker of health-care equipment, is offering notes in two parts to help fund its $925 million acquisition of One Lambda Inc. The scientific instruments supplier may sell 5.5- and 10.5- year debt as soon as Wednesday, according to a person familiar with the transaction. The offering will be of benchmark size, typically at least $500 million.
Mass. firm powers first unlimited music service in Canada Livewire Mobile, a Littleton, Massachusetts firm that provides digital content solutions for carriers, consumer device manufacturers, media companies and consumers, has partnered with Canadian operator Public Mobile to introduce the country’s first truly unlimited music service. Called Siren, the new music plan will be introduced as part of two flat-rate plans available on all Public Mobile’s new Android handsets.
Start-up Hopper is newest member of state’s cluster of Web travel companies Travel is one of the fastest-growing and most lucrative segments of the Internet economy, and some of the biggest names in the market -- including TripAdvisor, Kayak Software Corp., and Google Inc.’s ITA Software -- are located in Massachusetts. Now, a start-up called Hopper has joined the state’s cluster of online travel services companies. Founded by executives from Newton’s TripAdvisor and Expedia Inc. of Bellevue, Wash., Hopper revealed on Wednesday that it raised $12 million from venture capital firms.
Intervale sells Ulterra Drilling Technologies Intervale Capital, a Cambridge private equity firm focused on the oilfield services industry, has sold Ulterra Drilling Technologies, L.P. to ESCO Corporation for $325 million in cash. Headquartered in Fort Worth, Texas, Ulterra manufactures and rents bits and drilling optimization tools for use in all the major oil and gas basins in the U.S.
Slot revenue down at Foxwoods Foxwoods Resort Casino, in Mashantucket, Connecticut, said Wednesday that its slot revenue for July totaled $51.0 million on a handle (total amount wagered) of $589.4 million. The figures are declines of 15.8 percent and 17.7 percent respectively from July last year, although they represent improvements over June 2012. This is the twelfth consecutive month that the casino has reported slot revenue in the $46-$53 million range.
Boston architecture firms recovering from 2008 Architecture firms in the Boston area are continuing their recovery from the sharp declines in 2008 and 2009, according to the 2012 Architectural Survey from accounting firm CBIZ Tofias. In 2011, these firms saw a slight improvement from the slowdown, which for most firms began in 2008. There were slight increases in the direct labor utilization rate (the percentage of time worked on billable projects) and the profit per direct hour compared to 2010.
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