 | Tue. Sep. 20, 2011 Harvard unveils details of Allston expansion
Harvard is proceeding with a multi-phased development in Allston that will start with a massive life sciences center and the development of residences and offices, to be followed by a 36-acre cluster of research buildings and offices. Harvard details Allston expansion
Harvard University today released details of its massive science campus in Allston, saying it intends to proceed with a first phase that will include a 700,000-square-foot health and life sciences center on Western Avenue and a residential and retail commons at nearby Barry’s Corner. In a letter to Allston neighbors, the university laid out a multi-phased approach to transforming its considerable Allston land holdings into a massive collection of academic buildings, commercial offices, open spaces, residences, and retail stores. Cheng is the new GM of WGBH’s World Channel
Boston PBS affiliate WGBH has a new general manager for its World Channel --- Elizabeth Cheng, the longtime vice president and director of programming and communications for WCVB-TV (Channel 5). World Channel is a digital multicast service that features documentaries and TV news from around the globe. The channel, which is funded by grants from the Corporation for Public Broadcasting, was launched in 2004 and is carried on 60 public television stations nationally. iRobot unveils enhanced unmanned underwater vehicle
Bedford robot-maker iRobot Corp. is introducing a new version of the Seaglider, an unmanned underwater vehicle that can be described as a seafaring robot. The updated design of the Seaglider allows for increased payloads and additional sensors. The Seaglider has been used by both government agencies and oceanographers to collect such research data as water temperature and salinity. After last year’s oil spill in the Gulf of Mexico, Seagliders were equipped with sensors that could detect underwater oil plumes. Bal joins law firm Nixon Peabody
Navjeet K. Bal, formerly the Commissioner of Revenue for the Commonwealth of Massachusetts, has joined the Boston office of Nixon Peabody LLP, the law firm said. Bal, who joins Nixon Peabody as counsel, began her tenure as revenue commissioner in 2008 following her appointment by Governor Deval Patrick. Before serving as commissioner, she practiced law in Mintz Levin’s public finance group, where she often served as counsel in publicly and privately placed debt financings. Tokai raises $23m, appoints new CEO
Tokai Pharmaceuticals, a Cambridge biopharmaceutical company, has raised an additional $23 million in financing and appointed Martin D. Williams as chief executive. The financing round included both current investors, Novartis Venture Fund and Apple Tree Partners. Williams was previously chief business officer at Dicerna Pharmaceuticals. At Tokai, Williams succeeds acting CEO Seth Harrison, who will remain company chairman. Funding proceeds will be used to help develop the company’s lead drug candidate, a potential treatment for certain forms of prostate cancer. Quanterix taps Madaus as permanent CEO
Quanterix Corp., a Cambridge company seeking to develop diagnostic tools that can spot disease earlier, said it has appointed Martin Madaus as its permanent chief executive. Madaus previously headed Millipore Corp., the Billerica-based life sciences tool maker that was acquired last year by Merck KGaA for $7 billion. Madaus joined Quanterix as the chairman of it s board last year. When David Okrongly left Quanterix in May, Madaus stepped in as interim CEO; now he has permanently assumed that role. Davis Cos. taps Griffin
The Davis Cos., a Boston firm that owns, develops, and manages commercial real estate properties, said that Corey A. Griffin is its new president. Griffin joins the Davis Cos. from the Boston Company Asset Management LLC, a Bank of New York Mellon subsidiary where he spent 15 years, seven as chief executive. In his new job, Griffin will oversee the senior management team responsible for the firm’s day-to-day operation. Griffin will work with chief executive and founder Jonathan Davis. Mascoma plans IPO worth $100m
Mascoma Corp. said today that it plans to raise up to $100 million in an initial public offering of stock. The Lebanon, N.H., company said it has developed a technology that employs genetically modified yeast and other microorganisms to cut costs and improve production of renewable fuels and chemicals. It plans to begin selling this technology for the first time next year, focusing on corn ethanol producers. NStar proposes winter price cut for gas customers
NStar said it has proposed a new price rate that could shave about 9 percent off a residential gas customer’s monthly bill this winter. The recommendation requires regulatory approval. If NStar’s price cut is approved, it would save the average residential gas-heating customer nearly $17 a month. Last winter, those customers were paying an average of about $178 a month for home heating, cooking, and water-heating, NStar said. Under its proposed new rate, that average would drop to $161. Mass. gas prices fall 3 cents a gallon
The average price of gas in Massachusetts is $3.629 a gallon in the latest weekly survey from AAA . That’s down 3 cents from the previous week’s average, AAA Southern New England said this morning. The drop followed two straight weeks of increases. The current national average is $3.58 a gallon, AAA Southern New England said; a year ago at this time, the Massachusetts average was $2.60. |
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