The following represents articles of interest to the Boston real estate community that appeared in various publications during the week.
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Real Estate Articles of Note
Menino says push to bring retailers back to Back Bay is working
The Boston Globe — July 9, 2010
Forty-five new businesses in the Back Bay are proof the city's efforts to lure stores to the tony retail district have been successful, Mayor Thomas M. Menino said yesterday.
Drugmaker Merck closing 8 plants, 8 research sites
The Boston Globe — July 8, 2010
Drugmaker Merck & Co. said Thursday it is shutting down eight manufacturing plants and eight research sites around the world, including two domestic locations, in the latest phase in its strategic pruning of excess capacity.
Another drug giant bringing jobs to Mass.
The Boston Globe — July 8, 2010
One of the world's largest drug makers, Sanofi-Aventis SA, is planning a $65 million expansion in Cambridge that will create about 300 jobs, making it the latest foreign pharmaceutical giant to invest in Massachusetts
Joining the secondhand fray
The Boston Globe — July 8, 2010
Katie Garvey has been avoiding malls ever since she discovered Savers, a sprawling thrift shop that bills itself as a "secondhand department store."
100 Arlington Street plans adjusted
Boston Business Journal — July 7, 2010
Congress Group Inc. and New York investor AREA Property Partners have filed paperwork with Boston officials that calls for a slightly altered development plan for the mixed-use project slated for 100 Arlington St.
New ownership at Newton Marriott may bring higher rates
The Boston Globe — July 7, 2010
The name may stay the same, but the rates are likely to go up at the Newton Marriott, according to the hotel's soon-to-be new owners.
T's ridership up for 3 months in a row
Boston Herald — July 5, 2010
The MBTA's ridership levels are finally getting back on track, a sign that both the economy and the transit agency's bottom line may be perking up.
Big Moves Aren't A Big Deal For I-495 Market
Worcester Business Journal — July 5, 2010
First, BJ's Wholesale Club decides to move from Natick to Westborough. Then, eClinicalWorks buys the former American Superconductor building, also in Westborough.
Eli Lilly Is latest drug maker to carve place in Hub
The Boston Globe — July 3, 2010
Global drug maker Eli Lilly and Co. is grabbing a foothold in the Boston area with an agreement to acquire Alnara Pharmaceuticals Inc., a 25-employee Cambridge start-up, for an undisclosed sum.
Colliers Meredith & Grew in the News
Harwich's Wychmere Harbor Club Fetches $21.1M
Banker & Tradesman — July 6, 2010
Boston-based global real estate leader Colliers Meredith & Grew has brokered the sale of Wychmere Harbor Beach & Tennis Club and Wychmere Shores Condominiums in Harwich on Cape Cod.
Legacy Real Estate Ventures Completes Attleboro Project
Banker & Tradesman — July 6, 2010
Legacy Real Estate Ventures LLC, a privately held real estate investment firm, has recently signed three new leases totaling 5,700 square feet at 607 Pleasant St. in Attleboro.
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