The Ticker

Written By Unknown on Selasa, 08 Oktober 2013 | 16.30

Polaris moving HQ to Seaport District

Polaris Partners is the latest venture capital firm to announce its impending departure from Waltham to Boston.

Polaris has signed an agreement to lease 16,000 square feet of Fan Pier office space at One Marina Park Drive in South Boston's Seaport District.

The company's headquarters relocation to the 10th floor of the building in what's also known as the Innovation District is scheduled to start in the second quarter of next year and be completed by early 2016.

Boylston Street is seventh most expensive place to lease offices

The Jones Lang LaSalle 2013 Most Expensive Streets Survey ranks Boston's Boylston Street seventh nationally in office leasing costs.

The most expensive street in the nation is Sand Hill Road in Silicon Valley — the home of leading venture capital firms — where the average full service rent is $113.64 a square foot. Fifth Avenue in New York is second at $97.14 a square foot. The average office lease in the Boylston Street/Clarendon Street triangle is $52.85 a square foot.

New $100 bill debuts today

The new U.S. $100 bill, designed to thwart counterfeiters, goes into circulation today. It represents the most technologically advanced U.S. currency ever produced, according to the Federal Reserve Bank.

The bill's new security features include a blue security ribbon on the front of the note that is 3-D and contains images of either the Liberty Bell or the number "100," each in vertical rows. When the bill is moved back and forth or side to side, a row of 100s moves to the ribbon's center position, replacing a row of bells.

Today

  • Yum Brands Inc. reports quarterly financial results after the market closes.
  • Alcoa Inc. reports quarterly financial results after the market closes.

TOMORROW

  • Federal Reserve releases minutes from its September interest-rate meeting.

Murtha Cullina LLP, a law firm with offices in Boston and Hartford, announced that Gwen Bey Thibault  will serve as executive director of the firm. Thibault will lead the administration and operation of Murtha Cullina, working out of the firm's Hartford office.

Tufts Health Plan announced the promotion of Lexington resident Thomas Croswell to president. Croswell currently serves as Tufts Health Plan's chief operating officer and interim president of Network Health.


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