DEVELOPMENT

A developer is trying to execute an air rights project in Back Bay where others have stalled, but this one thinks it has the recipe for success. Samuels & Associates filed plans with the Boston Planning & Development Agency to move forward with a two-tower, mixed-use air rights project on Parcel 12 on the western side of Massachusetts Avenue where it intersects with Boylston and Newbury streets. … Read more at BisNow.

 

FINANCE

People’s United Will Acquire Belmont Savings for $327 Million

The parent company of People’s United Bank said Tuesday it will buy Belmont Savings Bank’s parent in an all-stock transaction valued at approximately $327 million, bolstering the Connecticut-based institution’s presence in Greater Boston. The deal would give People’s United a network of branches just west of Boston, filling a gap in its local footprint. … Read more at the Boston Business Journal.

 

STARTUPS

Boston Software Startups Closes $50 Million Round

Workable, the Boston startup that makes cloud-based recruiting software, raised $50 million in Series C round. It was led by London-based private equity firm Zouk Capital with participation from existing investors 83North, Balderton, Notion and TriplePoint. … Read more at American Innovation.

 

TOURISM

Langham Boston to Close for Major Renovations

The Langham, Boston at 250 Franklin Street in downtown Boston is closing March 31 for an extensive renovation that includes its 318 rooms and suites. The renovation—which is in connection to a similar overhaul at One Post Office Square next-door—will actually start with the Langham’s BOND bar and lounge. … Read more at Curbed Boston.