Regions Northeast
Perini, Tutor-Saliba Merger Takes Step Forward
May 20, 2008

Perini Corp., the Framingham-based civil construction and construction management company, revealed that the requisite waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as it pertains to its planned acquisition of Sylmar, Calif.-based Tutor-Saliba Corp., has expired. On April 2 of this year, Perini and Tutor-Saliba entered into a definitive agreement to merge in an all-stock deal valued at $862 million. With the expiration of the waiting period, Perini is one step closer to facilitating the merger; however, there are still other hurdles to jump, including the attainment of Perini shareholders' approval of the transaction.

 
Recent Northeast Headlines
201 W 92nd Manhattan Apartment Sold to Local Investor
July 18, 2008
A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan’s Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or about $450 a square foot.
Pennsylvania Gaming Property Debuts $208M Expansion
July 18, 2008
The Mohegan Tribal Gaming Authority has completed its new 300,000-square-foot gaming and entertainment complex at Mohegan Sun at Pocono Downs in Wiles-Barre, Pa.
150,000SF Retail Property Pulls in $28M
July 18, 2008
Ownership of Edison Commons, a 150,000-square-foot shopping center in Edison, N.J., has changed hands with AMC Delancey Group Inc.'s sale of the property to a subsidiary of MCC Realty Investments L.L.C.
Suburban Boston Industrial Complex Trades for $38M
July 18, 2008
The distribution buildings at 26 and 28 Millbury Street in Auburn, Mass., about 40 miles west of Boston, traded for an aggregate $38.5 million.
logo Merrill Lynch Backs Out of Plans to Move HQ to WTC
July 17, 2008
The Port Authority of New York and New Jersey confirmed today that Merrill Lynch has pulled out of plans to locate its headquarters at a new office tower to be constructed at the World Trade Center site in Lower Manhattan.