According to this article, The Lyons Group has sold the block of clubs on Landsdowne (Avalon, Axis and friends), which are currently undergoing major renovations, to The House of Blues.

The construction will continue and the new venue will open with the House of Blues name.

A couple of interesting (to me at least) things here:

1) The House of Blues in Cambridge closed years ago due to lack of a crowd from what I recall. Funny that they would buy a new property here (even if it is one that will have somewhat of a built in crowd)
2) I read not too long ago that The Lyons Group was selling the Paradise. Are they getting out of the nightclub business all together? Are they going restaurant only or are they moving to something else completely?