The Ticker

Hub Bulfinch Triangle building sold for $13.5M

Avison Young announced the sale of 151 Merrimac Street, a boutique 42,500-square-foot office building situated in the Bulfinch Triangle near North Station in Boston.

Transatlantic Investment Management, Inc. purchased the property for $13.5 million.

A six-story office building with ground floor retail, 151 Merrimac is currently 80 percent leased to three long-term tenants, with anchor tenant, Massachusetts General Hospital, leasing 58 percent of the total building square footage.

Lorillard to sell Blu e-cigs in Europe

Lorillard Inc. plans to sell its Blu electronic cigarettes in continental Europe as early as this year, challenging British American Tobacco Plc, which is preparing its own expansion and may also be involved in talks to acquire Lorillard.

Lorillard will start selling its e-cigarettes in France, Germany and the Netherlands, Jacob Fuller, Blu's U.K. chief executive officer, said in an interview yesterday.

MONDAY

• U.S. stock and bond markets are closed for Memorial Day.

TUESDAY

• Commerce Department releases durable goods for April.
• Standard & Poor's releases S&P/Case-Shiller index of home prices for March and the first quarter.
• The Conference Board releases the Consumer Confidence Index for May.

THURSDAY

• Labor Department releases weekly jobless claims.
• Commerce Department releases first-quarter gross domestic product.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.
• National Association of Realtors releases pending home sales index for April.

FRIDAY

• Commerce Department releases personal income and spending for April.

•  PowerOptions, the state's premiere energy-buying consortium for nonprofits and government entities, announced that John G. Cochrane, left, a former CFO of National Grid USA, is joining its board of directors. Cochrane, a Hingham resident, has worked in high-level positions for both National Grid USA and National Grid PLC in London during a 32-year career with the company. He also has served on the boards of several energy and pipeline companies, including Nexus Energy, an energy monitoring company. Cochrane most recently served as the chairman of the board of directors of Millennium Pipeline Co., a 
$1.1 billion interstate pipeline company.

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