By Aaron Pressman Amazon unveiled its largest facility in Massachusetts on Monday, a staggering five-story warehouse in North Andover with almost 4 million square feet of space to hold everything from books and DVDs to cans of soup. The fulfillment center on the site of a former telephone company factory cost about $400 million to […]
By HIAWATHA BRAY Woburn-based battery maker Alsym Energy has raised $78 million in Series C venture round led by India’s Tata Limited, along with General Catalyst Thrive Capital and Thomvest. That brings total investment in the company to $110 million. Alsym, cofounded by veteran entrepreneur Mukesh Chatter and Massachusetts Institute of Technology professor Kripa Varanasi, […]
By Greg Ryan Executives from The Kraft Group broke their public silence on Tuesday about their desire to build a stadium for the New England Revolution on the Mystic River in Everett, with one expressing a hope to turn the site into “an economic driver for the region.” Revolution President Brian Bilello and Kraft Group construction […]
By Grant Welker The Lineup, a small food hall at the base of downtown Boston’s tallest tower, has five food options in a block-long space that’s bookended by 50-foot glass walls and a striking red sculpture by glass artist Dale Chihuly. But not everyone’s working in the Financial District as much as they were when the […]
By Jon Chesto As she tries to bring downtown Boston back to life, Mayor Michelle Wu faces two real estate crises:Too much office space and not enough housing. Now, an ambitious plan that would revive a prominent block in the heart of the central business district could end up getting caught in the middle of […]
By The Editorial Board Two prime pieces of Boston commercial real estate went for bargain basement prices in the past couple weeks. A handsome building that takes up a city block at 179 Lincoln St. was acquired by the real estate firm Synergy, the Boston Business Journal reported, by assuming a $76.5 million mortgage on the property. […]
By Greg Ryan The board of the Boston Planning and Development Agency approved a six-building development on the Mystic River in Charlestown on Thursday, as well as two large Sullivan Square lab buildings. The two are the latest projects to get the green light in a neighborhood set up for big changes. The Flatley Co. won approval for […]
By Lucia Maffei Can iRobot continue to spur robotics innovation even as its research and development spending is on the decline? That’s one of the big questions that emerged in the aftermath of the implosion of iRobot’s merger deal with Amazon, which forced the Bedford-based Roomba-maker to chart an alternative path to its own future while […]
By Greg Ryan Massachusetts and the city of Boston have won $335.4 million in federal funding to straighten I-90 in Allston, a project that would create a West Station for public transit and unlock dozens of acres of riverside property for Harvard University to develop. The grant covers only part of the estimated $1.9 billion cost, […]
By Edward F. Pierzak Retail REITs own and manage retail real estate and rent space in those properties to tenants. Properties can include large regional malls, outlet centers, grocery-anchored shopping centers, and power centers that feature big box retailers. Despite the considerable gains in e-commerce sales and its expected strong growth, retailers have increasingly appreciated […]
