By Claire Ballentine and Natalie Wong September 6, 2022 at 12:25 PM EDTUpdated onSeptember 6, 2022 at 4:03 PM EDT It was standing room only for commuters on the New York-bound train leaving Summit, New Jersey, at 5:38 a.m. Tuesday. Traffic on the Long Island Expressway was at a crawl as rain poured down, while […]
Me: Coffee next week? Friend: Sure! How about Wednesday? Friend: Hello? Friend: Are you free? Me: So sorry! I totally missed these. They got buried by texts from the pediatrician, the electrician and the dog groomer. No, those three people didn’t walk into a bar. Instead, they were congregating in my Messages app—along with texts about appointments, 20%-off sales, […]
In May 2022, the Federal Reserve’s Federal Open Markets Committee raised its Federal Funds rate by 50 basis points. In June, the Fed again raised the Federal Funds rate by another 75 basis points. And in mid-July, the Federal Reserve raised rates another 75 basis points. Analysts anticipate that the Fed will continue to raise […]
40 Years in the Making The original developer of Marshall’s Plaza in 1978, Northland has, over two generations, patiently assembled the critical mass necessary to create a 21st century green neighborhood that focuses on sustainability, wellness, connectivity, and permeability in a vibrant, live, work and play Newton gateway. Promoting smart growth by converting an aging, obsolete, industrial […]
When Maine voters went to the polls last November, their ballots asked them to decide whether the state should prohibit construction on the Central Maine Power Company’s $1 billion transmission line from Canada. Nearly 60% said yes, retroactively blocking a project that state regulators had already approved. On Tuesday, Maine’s high court ruled that the […]
The life sciences sector continued to grow in the Bay State last year, adding another 12,000-plus workers and nearly 16 million square feet in real estate between 2020 and 2021. That’s according to a new report from the Massachusetts Biotechnology Council, the trade group better known as MassBio. UPGRADE TO NATIONWIDE ACCESS Get Industry Insights […]
The Inflation Reduction Act of 2022 that President Joe Biden signed into law on August 16 would reduce cumulative deficits by $264 billion over its 10-year budget window, according to a study by the Penn Wharton Budget Model (PWBM), a nonpartisan research initiative that analyzes the fiscal impact of public policy. PWBM’s estimate on the deficit reduction was lower than […]
When Wharton management professor Matthew Bidwell first came to the United States from England in the 1990s, he was struck by the dogged American work ethic. “It was a culture that was much more organized around work than in the U.K. When I was growing up, there wasn’t quite the same heroism about long hours,” he recalled, […]
A new ownership group is revising plans for a commercial development on the outskirts of Somerville’s Union Square, dropping a 330-room hotel while retaining a pair of office-lab towers. Capital Hall Partners, Spaulding & Slye Investments and Union Square master developer US2 are partnering on the 980,000-square-foot Gateway Innovation Center project at 200 McGrath Highway, […]
It has been a brutal half-decade for retail owners amid record-breaking retailer bankruptcies and a pandemic that brought in-person shopping to a temporary halt. But the fundamentals of retail real estate are looking better now that at any point in over a decade, according to a new report. Retail availability nationwide is at its lowest […]
