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Report makes case for Central Mass. as a biomanufacturing hub

Report makes case for Central Mass. as a biomanufacturing hub

By Hannah Green Massachusetts Biomedical Initiatives (MBI) is calling on state officials to designate Central Massachusetts as a “Biomanufacturing Hub” and help the region to compete against those in other states. The nonprofit released a regional biomanufacturing strategy on Tuesday. MBI wants to see the state get involved in such areas as building regional talent and incentivizing large-scale […]

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Simon Moves To Give Up Philadelphia Mall, Canceled Deal Could Signal Fatigue, Relocation Plans Spell Trouble for DC Office Loan

Simon Moves To Give Up Philadelphia Mall, Canceled Deal Could Signal Fatigue, Relocation Plans Spell Trouble for DC Office Loan

By Mark Heschmeyer Simon Moves To Give Up Philadelphia Mall: Retail real estate investment trust Simon Property Group is working with lenders to turn the title over to its 1.21 million-square-foot Philadelphia Mills Mall rather than pay off debt that was set to come due this month. The property backs $103.7 million in outstanding commercial mortgage-backed securities debt spread […]

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Real Estate Stocks Soar to Best Day of Year on Rate Cut Bets

Real Estate Stocks Soar to Best Day of Year on Rate Cut Bets

By Norah Mulinda The stock market’s worst group notched its best day of the year as a cooler-than-expected inflation report stoked bets that the Federal Reserve will start cutting interest rates in September. Shares of real estate companies jumped 2.7% Thursday for their biggest gain of 2024, climbing to their highest level since March as investors snapped up homebuilder, digital and commercial […]

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Life sciences VC funding rebounds in 2024. But in Mass., it’s not so rosy.

Life sciences VC funding rebounds in 2024. But in Mass., it’s not so rosy.

By Hannah Green Venture capital funding to life sciences companies appears to be rebounding nationally after a few down years, according to new data from Pitchbook and the National Venture Capital Association. But that’s not the case among Massachusetts life sciences companies.  Nationally, life sciences companies brought in $19.3 billion in the first six months of 2024. Last […]

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HubSpot stock sinks as Alphabet reportedly sours on acquisition

HubSpot stock sinks as Alphabet reportedly sours on acquisition

By Lucia Maffei Shares of HubSpot Inc. plunged in Wednesday afternoon trading after Bloomberg reported that Google parent company Alphabet put the brakes on its rumored acquisition of the Cambridge-based marketing firm. On Wednesday HubSpot’s stock (NYSE: HUBS) closed down 12.22%, giving the company a market capitalization of $25.06 billion. When rumors of a potential deal first emerged in April, the markets were valuing […]

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