Lambert's market sold | John Hancock sign's new home | $1.8B merger collapses
Boston Business Journal
The Boston region's source for local business news & events. Part of the American City Business Journals network.
Welcome to the BBJ's LinkedIn Weekly Edition! I'm Digital Editor?Jess Aloe, bringing you the business knowledge you need this week.
After lawsuit, Lambert’s sold?
The family that owns the Lambert’s Rainbow Market stores in Dorchester and Westwood has sold the properties home to the popular markets to entities with the same address as a Cadillac dealership in Norwood, according to real estate records.
Known for their produce, deli sandwiches and garden centers, the Lambert’s markets have long been a staple in both communities, and the business has been operated by the Lambert family for generations.
The transactions, together worth $22.8 million, come following a settlement in a legal fight among Lambert family members that centered on a trust that owned the real estate in Dorchester and Westwood.
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Here's what else happened this week
Cannabis regulator sues state treasurer to stop suspension?
Shannon O'Brien, the chair of the Cannabis Control Commission , filed a lawsuit Thursday against state Treasurer Deb Goldberg after she was suspended from the board two weeks ago.
O'Brien is asking a judge for a preliminary and permanent injunction to stop the suspension and allow her to serve the remainder of her term as chair, which expires in four years.
In her complaint, O'Brien claims that Goldberg “unlawfully” removed her as chair, didn't provide her with a written statement outlining the reason for her removal, didn't give her an opportunity to defend herself, and didn't show her that she broke one of the five rules that make her removable from the board via state law.
Goldberg suspended O'Brien as chair on Sept. 15, but did not give a reason, citing personnel matters, until Thursday. In a statement to the Business Journal, Goldberg said that there have been "several serious allegations" made by a commissioner and CCC staff about O'Brien's behavior.
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Unfortunate—but for them?
Burlington-based Desktop Metal plans to remain an independent company after its planned $1.8 billion deal with polymer 3D printing company Stratasys was terminated on Thursday due to lack of support from Stratasys' shareholders.
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Iconic John Hancock sign is heading for a new home
According to documents obtained by the Business Journal through a public records request, John Hancock has gotten approval to move the sign — which lived in Fenway Park for 20 years — to the company’s U.S. headquarters building in Back Bay on 200 Berkeley St.
John Hancock got design approval from the Boston Planning and Development Agency on Aug. 9, according to the documents, which show renderings of the sign atop the building, under the weather beacon on the building and facing the Charles River.
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Cambridge selected for ARPA-H ‘investor catalyst’ hub
A new, biotech-focused federal agency is setting up shop in Cambridge.
The Advanced Research Projects Agency for Health, or ARPA-H, will establish an "investor catalyst" hub just north of the Charles River, the agency announced Tuesday.
It's a major win for the politicians and business leaders who have been vying for a piece of the ARPA-H pie for more than a year.?
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