InVivo Therapeutics Holdings Corp. (OTCBB: NVIV), a life sciences company focused on potential treatments for spinal cord injuries, has entered into a six-year lease for a new 21,000 square-foot headquarters at One Kendall Square in Cambridge. The company currently occupies offices at the Cambridge Innovation Center at 1 Broadway in Cambridge, and also a small facility in Medford devoted to manufacturing, with a total of 4,000 sq. ft. The company expects to move into the new facility – which will include offices, lab space and a “clean room” – in early 2012. Terms of the deal were not disclosed. The new facility will support upcoming human trials on potential treatments for spinal cord injuries, which are currently awaiting the go-ahead from the U.S. Food an
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Tags: New, New Hires
Five major mortgage lenders could be facing concessions totaling $19 billion as bank representatives and government officials put finishing touches on a settlement for wrongful mortgage foreclosures, sources have told Officials have been working with banks for months to determine how they should be held responsible for the mortgage robo-signing scandal, but some states expressed concerns that the deal on the table doesn’t meet their expectations.
Banks Held Responsible for Wrongful Mortgage Foreclosures
Housing and Urban Development Secretary Shaun Donovan, along with officials from several states, have been working to develop a deal that would hold major banks responsible for their roles in the robo-signing scandal that plagued the housing market with mortgage foreclosures in 2010 and 2011.
The banks involved in the settlement are the nation’s five largest mortgage servicers: Ally Financial Inc., Bank of America Corp., Citigroup Inc., J.P. Morgan
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Tags: 19 Billion, Billion, Mortgage Foreclosures
One of the marketing points about the exclusive Fifteen Twenty-One Second Avenue tower in downtown Seattle was that every condo cost at least $1 million. Well, not anymore.
Developer Opus NW has listed Unit 1202 for $945,000. The unit has been listed five times since 2007, expiring four times and going pending once, according to MLS data posted at Redfin.
Fifteen Twenty-One is the second-poshest building that opened during the condo boom of the late 2000s.
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Tags: Million
Grant Shapps, the Housing Minister, has been criticised for trying to persuade lenders to offer long-term fixed-rate mortgages when evidence suggest borrowers fear them.
On Thursday, speaking to building society chiefs, Shapps called on lenders to offer 30-year fixed-rate loans to give borrowers certainty and to encourage more investors to offer loans. It would in turn, he claimed, boost the first-time buyer market.
But Melanie Bien, mortgage expert at advisers Private Finance, is doubtful. “Politicians argue that longer-term fixes give stability to borrowers and the housing market but when borrowers do opt for fixes they prefer two, three or five-year deals.
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Tags: Fixed, Fixed Rates
Moving during the winter is a unique moving situation. You have the weather to deal with but there is also the holiday season and decorating as well as the unpacking your moving boxes! One item to decorate is a Christmas tree. Before you decorate you will have to choose a special one to bring home.
Choosing a Christmas tree is very exciting, especially for those little ones who are awaiting Santa! Many people have certain ideas for what a good Christmas tree should look like – healthy and lots of branches for those decorations. However, what else should you look for? C
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