By Greg Ryan Half a percentage point. After months of finger-pointing and public acrimony, that’s all that’s in the way of a compromise between Boston Mayor Michelle Wu and the business community on a property tax hike. But as close as the two sides are to striking a bargain, there’s still plenty of frustration going around, […]
By Anthony Russo Demand for office in Manhattan is picking up to levels not seen in 10 years as the sector continues to recover from the pandemic, according to the latest market report from Transwestern. Net absorption in the city exploded to 5.7 million square feet in the three months ending September- the highest levels seen in […]
by Arben Skivjani After starting the quarter below its long-term average, employment ended September on a high note, with an increase of nearly 254,000 jobs. This brings the total number of jobs created in the first nine months of the year to 1.8 million, which is 24% below the level seen during the same period last […]
By Andy Medici The disconnect on salary expectations between employees and employers has been an ongoing issue since the pandemic. With salaries shifting due to the softening job market, that challenge is likely to linger — and remote work is likely to be a pivot point. That’s according to Robert Half’s 2025 Salary Guide, which found candidates who […]
By Phil Mobley, Chad Littell That asking office rents have actually risen in an era of historically high vacancy rates presents something of a conundrum to commercial real estate observers. Several factors help explain this phenomenon, but the rapid rise in consumer prices that peaked in 2022 is an important piece of interpretive context. After a slight […]
By Jon Chesto It took longer than expected,but The Davis Companies’ big bet on Watertown Square is paying off with the region’s largest lease deal for newly built lab space so far this year. Davis and its partner Boston Development Group just inked a deal with serial biotech entrepreneur Greg Verdine that would bring two of Verdine’s […]
By Andy Medici The IRS has delayed a requirement that business owners and freelancers report more than $600 in income from platforms such as PayPal and Venmo. The agency in a recent notice said it will instead phase in that reporting requirement over the next few years. Taxpayers will be required to report total income of more than […]
By Eli Chavez Somerville-based SparkCharge Inc. has received $13 million in equity and other securities from 20 investors, according to a regulatory filing. The mobile electric car charging company is targeting an equity offering with a total value of $19 million, according to the filing this summer with the U.S. Securities and Exchange Commission. According to the filing, […]
By Christine Cooper and Chuck McShane The Commerce Department released revisions to past data last week that showed the economy grew more quickly in all but four quarters since the beginning of 2019. The revisions wiped out one of the two consecutive quarters of negative growth in early 2022, negating earlier reports of a technical […]
By Andy Peters When the NFL in 2014 named Minneapolis host city for Super Bowl LII, local leaders realized they needed to create more public space for fans to gather before and after the big game. Though they didn’t know it, officials were also about to add credence to a high-stakes theory in commercial real estate […]
