By Andrew Brinker Picture the best of what Paris has to offer, a vibrant street life in densely packed neighborhoods. One of the secrets to the city’s charm is the size of most of those graceful buildings: six stories. That idea — dense, six-story housing in abundance — is the inspiration behind a proposal from […]
By Greg Ryan Four years after it was founded, Somerville startup Sublime Systems has the first commercial application of its low-carbon cement: Boston’s largest “net-zero” building, the new Amazon.com Inc. tower that’s going up in the Seaport District. Contractors for WS Development poured concrete that contained roughly three tons of Sublime cement at One Boston Wharf […]
By Ryan DiLello Somernova wants to build an additional 1.6 million square feet of space focused on climate tech onto its innovation campus off Somerville Avenue. A 10-year development plan, which includes a community center, was shared during a public meeting Sept. 25 that drew more than 100 people to Somernova’s community space, The Dojo. While […]
By Liz Young Taylor Wood says bargaining with warehouse owners for storage space is far different than during the pandemic, when demand for industrial space was red hot. “I’ve never seen a market like that, where we were basically scratching and clawing for every building,” said Wood, a broker at real estate services firm Savills. “There were […]
By Thomas Seal The chief of Google’s AI business said that over time the company will spend more than $100 billion developing artificial intelligence technology — another sign of the investing arms race that has gripped Silicon Valley. Google DeepMind Chief Executive Officer Demis Hassabis was asked at a TED conference in Vancouver on Monday about a potential […]
By Isabelle Lee Good morning. Powell signals a delay to rate cuts. China tries to settle nerves about its new stock exchange rules. And the US considers more sanctions against Iran. Here’s what’s moving markets. — Isabelle Lee Staying high Federal Reserve Chair Jerome Powell said recent inflation data have indicated it will likely take longer for the central […]
By Ben Casselman The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year, the Commerce Department said on Thursday. That was […]
By Jessica Flint Gabrielle Sloan, 30, and her husband, Brandon Sloan, 30, never thought they’d live on a golf course. Gabrielle doesn’t even play golf—yet, at least. But in January 2020, the Sloans spent $660,000 to buy a three-bedroom, roughly 1,960-square-foot ranch house on approximately 0.25 acres that backs up to the course at Tequesta Country […]
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
By Eliza Ronalds-Hannon, Janine Phakdeetham, and Claire Boston Express Inc., the clothing retailer that’s a staple in US malls, filed for bankruptcy with plans to sell itself. The company received an offer from brand manager WHP Global and mall landlords Simon Property Group Inc. and Brookfield Properties to purchase the company’s operations and most of its stores, according to a statement on Monday. […]
