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Wed. Aug. 29, 2012 AvalonBay ups the number of residences to 500 for planned tower next to TD Garden AvalonBay Communities Inc. is proposing to significantly increase the number of residences in a 40-story complex it wants to build next to the TD Garden. The developer filed documents this week with the Boston Redevelopment Authority outlining its new plan for the property, which is situated on air rights above an MBTA Parking garage off Nashua Street. A previously approved plan called for 363 residences, but AvalonBay’s amended proposal now calls for 500.	Advertisement
Zipcar of Cambridge plans to relocate to Boston’s ‘Innovation District’ next year Zipcar Inc., the Cambridge-based vehicle sharing service that rents cars by the hour, plans to relocate from Cambridge to Boston’s Innovation District next year. Zipcar has signed a letter of intent to lease space there, but declined to disclose additional details until the contract has been finalized.
UMass 14th nationally in commercializing research The five-campus University of Massachusetts system generated $35 million during the 2011 fiscal year from the commercialization of its academic research, putting the school 14th nationally. A report from the Association of University Technology Managers found that UMass signed 25 licenses, created one startup company, and filed 50 patent applications. UMass was sixth overall among public institutions and second behind only the Massachusetts Institute of Technology among Bay State schools.
Julia Child group in legal battle with oven maker A foundation set up by Julia Child is locked in a legal battle with the manufacturer of Thermador ovens over a marketing campaign that celebrates the late celebrity chef’s use of its high-end appliances. The foundation claims the company is using Child’s name and image without permission. But BSH Home Appliances Corp., the California-based manufacturer, says it is simply making a factual reference to her use of its appliances. Child had a Thermador oven in her Cambridge kitchen.
OmniGuide closes $35m financing OmniGuide Inc., a Cambridge-based medical device company specializing in such products as optical laser scalpels, announced the closing of a $35 million non-dilutive financing with an affiliate of OrbiMed Advisors LLC. With offices in such cities as New York and San Francisco, OrbiMed is an investment firm focused on health care with about $6 billion under management. “This financing allows us to accelerate the commercialization of our advanced energy surgical products for the operating room,” OmniGuide chief executive Scott Flora said.
Warren Group: Mass. single-family home sales post best July in seven years July sales of single-family Massachusetts homes rose 27 percent on a year-to-year basis, the best July in seven years, the Warren Group reported Wednesday morning. A total of 4,979 single-family homes statewide sold last month. The median price of single-family homes inched up about 1 percent to $318,000. July condo sales in Massachusetts were up 34 percent to 1,994 units sold, and the median condo selling price was $295,000, down 0.3 percent from July 2011.
Fidelity promotes Abby Johnson to No. 2 Fidelity Investments said it given Abigail Johnson a new title, president of Fidelity Financial Services, “consolidating all of the company’s core businesses under her leadership.”
Peapod launches grocery pickup service at Stop & Shop in Abington Peapod.com, the service that allows Stop & Shop customers to order groceries online and have them delivered to their homes, said Tuesday that it has begun offering a new variation of its service, called Peapod Pick-Up, at a Stop & Shop store in Abington. Under a test-pilot program that is debuting the service in New England, customers can order groceries online, then pick them up later at the Abington store at 375 Centre Ave. Initially, Peapod Pick-Up will be offered free of charge.
Weather Channel CEO joins local start-up board Weather Channel chief executive officer David Kenny is joining the board of Boston’s SessionM, a mobile advertising start-up that was co-founded last year by a former Apple Inc. executive. Kenny, who became CEO of the The Weather Channel Companies earlier this year, is a familiar name in local and national technology circles. He served as president of the Cambridge Internet infrastructure giant Akamai Technologies Inc. for a year until he resigned in October 2011 to reportedly seek the top job at Yahoo Inc.
Global investor confidence falls in August Global investor index fell in August on a month-to-month basis, according to an index maintained by State Street Global Markets. The index posted a 90.9 reading in August, down from a revised reading of 94.3 in July. On the index, a reading of 100 represents a neutral outlook. The index also issues readings on investor sentiment in various continents. Driving the global decline in July was “a sharp deterioration in risk appetite among North American investors,” State Street Global Markets said.
INRIX study: Boston’s Labor Day traffic will be fifth worst in the country Boston area traffic over Labor Day weekend will be the fifth worst in the nation, according to a new study from INRIX Inc., a Washington state company that provides traffic data to auto manufacturers and companies that operate truck fleets. During peak times, a Labor Day trip to Portland, Maine, will take twice as long as usual, and a trip to the Cape three times as long, INRIX said. Places where Labor Day traffic will be even worse include New York, Los Angeles, and Washington, D.C.
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