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The Boston Business Journal reported that the new plans for the property will also save the historic Jacob Wirth restaurant and reduce the tower's size by four levels to 24 stories.

Developer Eastat Realty Capital LLC, led by Eamon O'Marah, has an agreement to buy the land from FitzInn Parking Systems, which will keep its ownership of the restaurant next to the site.

O'Marah plans to build 250,000 square feet of office space, 2,000 square feet of retail space and 174 parking spaces at 45 Stuart St., the business newspaper reported. O'Marah said the project would cost $140 million to build. He expects ground to be broken next summer and the building to be ready for occupancy in February 2011.

Brockton transit authority to buy seven buses

BROCKTON – The Brockton Area Transit Authority is buying seven new buses with the help of a $816,000 federal transportation grant. more

High rates, credit crisis hurting business

Australian businesses are still smarting from the lingering global financial market fallout 12 months from the collapse of the US sub-prime mortgage market.

A report released today shows that business conditions have slumped to the lowest level since the September 11, 2001, terrorist attacks, and suggests domestic economic growth will slow markedly.

The latest quarterly business summary from the National Australia Bank (NAB) says global financial market volatility and 12-year-high interest rates are hampering business operations and slowing down the economy.

And there appears to be no immediate relief in sight.

The International Monetary Fund (IMF) says in its April Global Financial Stability report that financial markets continue to be fragile and indicators of "systemic risks remain elevated''. more

Houston Aeros Name Courtney Eidman as VP of Marketing and

President Tom Garrity today announced the American Hockey League (AHL) club has named Courtney Eidman to Vice President of Marketing and Communications.

Eidman, 32, recently completed her third season as the Executive Director of Houston Aeros Charities. In her new role, Eidman will continue to serve as Executive Director of Houston Aeros Charities while also overseeing the day-to-day operations of both, the marketing and communications departments.

“I am proud to announce Courtney as Vice President," said Aeros' President Tom Garrity. “She has been a vital part of our organization over the last three years and was most deserving of the position." . more

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