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Tue. Nov. 27, 2012 Mirbeau Inn & Spa is coming to the Pinehills Pinehills LLC, which operates the Pinehills master-planned community in Plymouth, said that Mirbeau LLC has purchased six acres on the property to open a 50-room Mirbeau Inn & Spa.	Advertisement
Peptide therapeutics firm Rhythm gets $8m from Pfizer Venture Investments Rhythm, a Boston biotechnology company looking to develop peptide therapeutics to treat such conditions as obesity and diabetes, said it has raised $8 million from Pfizer Venture Intestments, the venture capital arm of the drug company Pfizer and a new investor in Rhythm. That additional $8 million completes a $33 million Series B financing. The round had participation from existing investors MPM Capital, New Enterprise Associates, Third Rock Ventures, and Ipsen. This additional financing brings the total capital raised by Rhythm to $73 million.
WBUR acquisition would bring its radio programming to Martha’s Vineyard and much of Nantucket and Cape Cod WBUR, a Boston public radio station, said Tuesday that it has agreed to acquire the license to broadcast its programming on the 92.7 FM radio signal in Tisbury, a move that should expand WBUR’s geographical reach and bring its programming to listeners on Martha’s Vineyard and most of Cape Cod and Nantucket, as well as Southeastern Massachusetts, by early next year. The seller is Aritaur Communications, which owns WMVY, a commercial FM radio station whose play list includes the likes of Neil Young, Stevie Ray Vaughan, and Norah Jones.
October single-family home sales jump 21% in Massachusetts, the Warren Group says Sales of Massachusetts single-family homes in October rose 21 percent from the same month a year ago, and condo sales increased for the ninth straight month, the Warren Group reported Tuesday. “Home sales for the first 10 months of the year have already surpassed sales in all of 2011,” Warren Group chief executive Timothy M. Warren Jr. said in a statement. “Record low mortgage rates, an improved economy, and growing consumer confidence are boosting the housing market in Massachusetts and around the country.”
TransMedics, a firm specializing in organ preservation technology, secures $36m TransMedics Inc., an Andover-based firm focused on organ preservation technology, announced the closing of a $36 million financing round led by Abrams Capital with the participation of existing investors including Flagship Ventures, Hercules Technology Growth Capital, and Kleiner Perkins Caufield & Byers. According to the company, its portable preservation technology maintains donor organs in a near-physiologic and functioning condition from donor to transplant recipient.
State regulators sign off on NStar contract with Cape Wind Following an eight month review, state utility regulators Monday approved NStar’s 15-yea contract to buy power from Cape Wind, a deal expected to only moderately increase the average residential customer’s monthly electric bill. The Boston-based utility will purchase 27.5 percent of the power generated by the offshore renewable energy project for a starting price of 18.7 cents per kilowatt hour in 2013. The cost paid by the utility will then rise by 3.5 percent each year.
Massport opens bypass road at Logan International Airport for commercial traffic The Massachusetts Port Authority on Monday opened a $23.5 million bypass road for commercial traffic at Logan International Airport. The two-lane road, between Logan and Chelsea Street, near the Chelsea Street Bridge, will take thousands of vehicles off residential streets every year, according to Massport. The road is named for Martin A. Coughlin, an East Boston community organizer who advocated for a bypass road four decades ago.
Holiday advice from Samuel Adams: Pair a six-pack with a box of chocolates Looking to push the envelope on sensory overload, the brew-meisters at Samuel Adams said they have teamed up with confectioner TCHO to debut a special holiday box of chocolates that pairs well with beer. “This assortment of specialty chocolates will prove to any foodie that beer and chocolate are the perfect combination,” said the Boston Beer Co., the makers of Samuel Adams brand.
Houghton Mifflin Harcourt unveils Curious George books specially formatted for the iPad Houghton Mifflin Harcourt, the venerable Boston publisher, said Monday that it is releasing two special iPad versions from the Curious George book series that enable readers to enjoy old stories in new ways. “The interactive multi-touch format features embedded tools that allow children to enjoy an immersive reading experience by playing an active role in George’s adventures,” Houghton Mifflin Harcourt said.
Versa Capital buys Eastern Mountain Sports Versa Capital Management LLC, a Philadelphia-based private equity firm, said it has bought Eastern Mountain Sports, or EMS, a New Hampshire-based chain of 69 stores that sells outdoor gear and apparel. Versa Capital’s portfolio includes Bob’s Stores, a regional apparel chain. After the holidays, plans call for exploring opportunities for Bob’s Stores and EMS to collaborate, Versa Capital said.
Massachusetts gas prices fall 2 cents a gallon in latest weekly survey from AAA The average price for gas in Massachusetts was $3.569 a gallon in the latest weekly AAA survey, down 2 cents from the previous week’s average, AAA Southern New England said Monday. The Massachusetts average has fallen 10 cents over the past month, AAA Southern New England added. The current national average price is $3.42 a gallon. A year ago at this time, the Massachusetts average price was $3.31, AAA Southern New England said.
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