Calif. co. teams with Synergy in downtown
San Francisco real estate investment firm DivcoWest has dealt itself into additional deals with Boston's Synergy Investments — this time at Boston's Downtown Crossing.
The two companies are now partners in the buildings at 71, 75-79 and 83-87 Summer St., based on documents filed with the Suffolk County Registry of Deeds.
Synergy bought the properties in 2012 for a combined $30.85 million from New York-based Centurion Realty. It teamed with DivcoWest on them under two transactions totaling $31.5 million.
Synergy did not return calls, and DivcoWest declined comment.
Welfare overhaul has work program
The Massachusetts Senate has approved a welfare overhaul bill.
The bill would revive a 1995 state program designed to help place welfare recipients in full-time work and require the Department of Transitional Assistance to assign specialists to help high-risk recipients.
The bill includes a program to help recipients save money for first and last month rent and security payments and education while stiffening penalties for store owners who knowingly allow the purchase of prohibited products or services with electronic benefits transfer cards.
Fraud charges for woman affiliated with Mass.-based broker dealer
A Pennsylvania woman affiliated with a Massachusetts-based broker dealer was indicted yesterday in U.S. District Court in Boston on charges that she orchestrated a multi-million dollar investment fraud scheme.
Patricia S. Miller, 67, was charged with five counts of wire fraud. The indictment alleges Miller used her position as a trusted financial adviser, as well as her association with the Massachusetts broker dealer, to obtain money from clients for purported investments never made on the behalf of clients.
MBTA opens Wareham rail station
MBTA General Manager Beverly Scott was joined by legislative leaders and local officials yesterday to celebrate the opening of the Wareham Village Station on the CapeFLYER line. Service to the Wareham Village Station will start today at the new stop, located off Main Street in Wareham. The service will provide Wareham residents the opportunity to board the CapeFLYER and avoid sitting in traffic.
THE SHUFFLE
Millennium Partners, developer of the Ritz-Carlton Hotel and Towers and other projects in Boston and around the country, has announced the appointment of Brian Clark as general manager of Millennium Place, a 15-story luxury residential building at the intersection of Avery and Washington streets. Clark is formerly the director of residences at The Ritz-Carlton Hotel and Towers, Boston Common — Millennium Partners' first Boston project.
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