Call it the Great Migration: The year that was! Boston had an additional 800,000 square feet of office space go vacant while the suburbs filled almost 1 and ¼ million square feet of previously vacant office space. Although this can be attributed to a myriad of factors, the most obvious is money. Massachusetts employers saved […]
Hostelling International USA has purchased 25 Stuart St. in Boston for $15 million. The nonprofit said the six-story building will serve as a 450-bed hostel, roughly double the size of Hostelling International-Boston’s existing facility at 12 Hemenway St. Hostelling International said it will remain at Hemenway Street until the planned renovations at its new Stuart […]
Robert L. Culver is leaving the helm of MassDevelopment after seven years in the post, the chairman of the agency’s board announced Wednesday. Gregory P. Bialecki, who chairs the board and also is the state’s secretary of housing and economic development, praised Culver for his “passion for rebuilding communities.” Culver, in a prepared statement, called […]
Economists surveyed by The Wall Street Journal are increasingly optimistic about the pace of the recovery, predicting the U.S. will grow at better than a 3.2% annual rate in each quarter this year. “The U.S. economy appears to have successfully navigated the adjustment from a recovery driven primarily from economic stimulus and inventory rebuilding to […]
Industrial production increased in December, signaling that economic growth continued in the final month of the year. The Federal Reserve said Friday that industrial production—the output of U.S. factories, utilities and mines—rose 0.8% last month from November. Much of that gain was due to a weather-related 4.3% jump in utility output. But a 0.4% increase […]
The city has chosen a designers and engineering team for its planned HarborWalk. Now, those designers want to hear how residents think the waterfront walkway should take shape. Cambridge 7 Associates, the lead designer for the $500,000 project, is holding a day for community input on Tuesday, with plans for what they and city officials […]
Evergreen Solar Inc., the former darling of the Bay State’s nascent green-energy economy, said Tuesday it will shutter its manufacturing facility in Devens by the end of March. The company said 800 workers will be affected. The Marlborough, Mass.-based developer of solar-energy components and related technologies said the move is part of its previously announced […]
EVANSTON, Ill.– Industrial employment in Massachusetts fell 1.2% over the past twelve months according to the 2011 Massachusetts Manufacturers Register®, an industrial directory published annually by Manufacturers’ News, Inc. (MNI) Evanston, IL. Manufacturers’ News reports Massachusetts lost 4,717 industrial jobs over the past twelve months, a significantly smaller loss than the decrease of 11,950 reported […]
BOSTON–Aldebaran Robotics, a leading developer of research and educational robotics platforms and software technologies, announced that it has incorporated in the United States and established its North American headquarters in Boston, Massachusetts. The Boston office will enable Aldebaran to better serve the training and service needs of researchers and educators in the Americas. “Having a […]
The second building — at 6,760 square feet — would potentially be the new police station. Rainville said the plan for the police station hasn’t been set in stone, but rather is proposed as a professional building. “It’s actually going to be office space,” he said. “It’s not directly for a police station. The town […]
