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 […]
By Jim Morrison The US Justice Department and attorneys general in eight states are suing a popular AI-enabled property management software system over alleged anti-trust violations. The Justice Department — and the states of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington — accuse RealPage Inc. of violating the Sherman Act and harming “millions […]
By Tim Logan CVS Health said Monday that it will lay off about 2,900 people amid pressure from investors to cut costs and improve its financial performance. And more dramatic changes could be coming soon. A spokesperson for the health care giant, which has long been based in Woonsocket, R.I., and operates health insurer Aetna in […]
Saint-Gobain, the worldwide leader in light and sustainable construction, and Greentown Labs, the largest climatetech incubator in North America, today announced the extension of their Terawatt Partnership through 2026. Through this partnership, Saint-Gobain remains committed to supporting sustainability-minded startup growth through multiple forms of collaboration and engagement. For example, Saint-Gobain will continue to provide expertise to help […]
By Larry Edelman To paraphrase a popular business maxim — most frequently attributed to management guru Peter Drucker — you can’t improve what you don’t measure. To that end, a leading business group on Monday unveiled the Massachusetts Competitive Index, a new gauge of the state’s economic strengths and weaknesses designed to show how we compare against […]
