By Ashley Fahey A preference for the newest, so-called “trophy” office space has been frequently cited as a key driver of corporate decision-making when it comes to business sites, especially since the Covid-19 pandemic. That preference may ultimately be less about which buildings offer the best fitness or conference centers and instead be more about where […]
By: Emily Fu North River Leerink (NRL) has announced that 100 Chestnut, a purpose-built 200,000 square feet life Science building in Somerville, MA, is 90% leased. Ultragenyx, relocating from Kendall Square, has leased 42,500 square feet to consolidate their east coast R&D. CRADL has leased 16,000 square feet to open a contract vivarium and in […]
By Grant Welker There isn’t enough new housing being built in the Boston area to suddenly make the region affordable. But builders are finding places to build — mainly in former industrial pockets in such places as Everett and South Boston, as well as relatively less-dense neighborhoods in Allston and Quincy. Residential developments now under construction […]
By Andy Medici Small businesses are increasingly optimistic about the future, at least according to a survey by CNBC and SurveyMonkey, and there are several new business grant opportunities in March that can help them capitalize on growth opportunities. It found about 28% of small-business owners said the economy was currently “excellent” or “good,” up from 23% […]
By Rachel Siegel, Lauren Kaori Gurley and Meryl Kornfield Immigration has propelled the U.S. job market further than just about anyone expected, helping cement the country’s economicrebound from the pandemic as the most robust in the world. That momentum picked up aggressively over the past year. About 50 percent of the labor market’s extraordinary recent growth came from foreign-born […]
By Marian Zboraj Sprouts Farmers Market Inc. has high expectations for 2024. Amid the release of its impressive results for its fourth quarter and fiscal year ending Dec. 31, results, the specialty grocer released its outlook for the year. The outlook includes net sales growth of 5.5% to 7.5%, comparable-store sales growth of 1.5% to […]
By Trefor Moss Many malls are struggling but IKEA is betting it can breathe new life into the troubled format. Ingka Group, the operator of most of the world’s IKEA stores, has assembled its own mall empire in recent years, spanning from China to Europe to the U.S., and says it wants to buy more locations […]
By NEREJ Somerville, MA According to Rafi Properties, owner and operator of Somernova, the 7.4-acre innovation campus and community dedicated to helping people and companies iterate and grow faster, Sublime Systems (Sublime) will expand their headquarters on the campus. Sublime, the leading developer of a fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete, will add […]
By Justin Lahart By one measure inflation is closing in on the Federal Reserve’s 2% target. By another it is still far away. Whether, and how, that gap closes could be critical to Fed plans this year. The Labor Department’s monthly report on consumer prices, known as the consumer-price index or CPI, is generally thought of as […]
By Hannah Levitt and Sally Bakewell Commercial real estate lender New York Community Bancorp said it discovered “material weaknesses” in how it tracks loan risks, wrote down the value of companies acquired years ago and replaced its leadership to grapple with the turmoil. The stock plunged. Alessandro DiNello will become chief executive officer effective immediately, succeeding Thomas Cangemi, the lender said in […]
