Katz Properties is the new owner of Wayland Village Plaza, a small shoppling complex anchored by a Whole Foods Market store, following the completion of the $6.3 million purchase, said the broker involved in the transaction. The broker is NAI Hunneman, a Boston-based commercial real estate firm. NAI Hunneman said it represented the seller in the transaction, Wayland Group Realty Trust, and procured the buyer. Wayland Village Plaza is located on Route 20, which is also known as the Boston Post Road at this point. Digital Lumens, a Boston company specializing in intelligent LED lighting systems, said Wednesday that it has closed a $10 million round of funding from existing investors. Those investors include Black Coral Capital, Flybridge Capital Partners, and Stata Ventures, the company said. According to Digital Lumens, its lighting systems are now saving its customers more than $25 million per year by reducing their annual energy consumption. The Boston Consulting Group, a global management consulting firm also known as BCG, said Wednesday that Richard I. Lesser took over as president and chief executive, effective Jan. 1. He was elected to those roles in May. Before becoming chief executive, Lesser was BCG’s chairman for North and South America since 2009 and head of the New York Metro office system starting in 2000, according to the company’s website. Lesser succeeds Hans-Paul Buerkner, who will become BCG chairman. The City of Boston will give up to $10 million in tax breaks to the Lovejoy Wharf project that promises to revitalize a section of the city’s waterfront near TD Garden. Federal energy officials expect average oil and gasoline prices to drop this year and next, while natural gas prices will likely rise, according to a short-term outlook released Tuesday. The US Energy Information Administration predicts that the crude oil market will “loosen” in the coming months as global supply increases. That will help crude prices average $105 a barrel this year -- $7 less than in 2012 – before dropping in 2014 to $99 a barrel, on average. Utz Quality Foods Inc., a privately-owned and family-managed company, said Tuesday that it has more than doubled the headcount at the Fitchburg plant that was part of its acquisition of the Wachusett Potato Chip Co. in September 2011. The Fitchburg plant ended 2012 with 67 employees, up from 32 at the beginning of the year, Utz said. At the Fitchburg plant, the company makes potato chips under the Utz and Wachusett brands as well as Utz Potato Stix. Rectrix Commercial Aviation Services, the Bedford-based parent company of the fixed-based operator at Worcester Regional Airport, has acquired AirFlyte Inc. of Westfield, Rectrix announced Tuesday. AirFlyte maintains corporate jets at Barnes Regional Airport, and also provides interior restorations, concierge services, and business suites. Terms of the acquisition were not disclosed. | | |
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