The Ticker

Peabody man charged in $1M Apple tech theft

The director of technical and development operations at a South Boston-based media technology company was charged yesterday in connection with his alleged theft of nearly $1 million worth of iPads and other Apple products from his employer.

Michael S. Denning, 33, of Peabody was charged by U.S. Attorney Carmen Ortiz's office with mail fraud and filing false tax returns.

The U.S. attorney alleges that in late 2010, Denning began working at a South Boston-based media technology company where his job responsibilities included purchasing computer equipment, software and other technology-based products for use by employees.

Shortly after he was hired, Denning allegedly began ordering extra Apple computer equipment, primarily iPads, from a wholesale computer vendor. Denning then allegedly intercepted these packages and sold them for cash, initially on eBay and Craigslist, and later to eBay resellers.

116 Huntington Ave. bought for $152M

Atlanta-based real estate investment trust Columbia Property Trust Inc. has acquired the 274,218-square-foot, Class-A office 15-story building at 116 Huntington Ave. in Boston's Back Bay from Broadway Partners for a purchase price of $152 million, inclusive of capital credits. The 15-story building was built in 1991.

Philadelphia real estate co., Nordblom acquire office building in South End

Affiliates of Philadelphia-based Rubenstein Partners, in partnership with Burlington's Nordblom Co., have acquired 1000 Washington St., a 242,000-square-foot office building located in the South End, for $75 million.

The 11-story, 242,000-square-foot building — the former headquarters of Teradyne — sits across the street from the new Ink Block residential development. The 2-acre site includes a 300-car garage, penthouse cafeteria and lower-level fitness center.

Today

 Labor Department releases job openings and labor turnover survey for November.

 Treasury releases federal budget for December.

TOMORROW

 Commerce Department releases retail sales data for December.

 Commerce Department releases business inventories for November.

 Federal Reserve releases Beige Book.

THE SHUFFLE

The South Shore Chamber of Commerce, the region's largest chamber, has announced that Alan Macdonald director of public policy and community benefits officer with South Shore Hospital, has been named an officer of the chamber's board of directors.

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