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 Greg Ryan A Boston-based real estate developer is proposing a 12-story, 227-unit residential building in Alewife, the Cambridge neighborhood that was put under a construction moratorium for more than a year out of fear it would be overrun by life sciences labs. Boylston Properties is hosting community meetings next week to discuss its plans to […]
By Trajan Warren The state Senate will vote on a $2.8 billion economic development bill on Thursday which includes plans to transform a 43-acre parcel in Everett into a stadium for the New England Revolution. A separate bill passed by the House in June — H.4804 — didn’t include plans for the stadium. If passed by the Senate, […]
By Hannah Green Eli Lilly and Co. is buying a Waltham biotech in a deal valued at around $3.2 billion. The startup being acquired is Morphic Holding Inc. (NASDAQ: MORF), a Waltham company working on treatments for chronic diseases such as types of inflammatory bowel disease. Indianapolis-based Lilly (NYSE: LLY) plans to acquire all outstanding shares of […]
By Hannah Green Moderna Inc. officially opened the doors to its new global headquarters on Wednesday, fulfilling its plan to bring its research and development operations under one roof. The Cambridge drugmaker has moved into a six-floor, 462,000-square-foot office and lab building at 325 Binney St. Moderna (Nasdaq: MRNA) first shared its intention to move into a new Cambridge […]
By Greg Ryan Boston University has agreed to pay $19.8 million to purchase a site on the edge of its campus that has city approval for a 17-story tower with more than 250 residences. The property is next to the planned future home of West Station, a new transit hub featuring commuter-rail service. The transaction means that […]
By Isabel Hart Mass General Brigham, Harvard University and the Massachusetts Institute of Technology all celebrated a joint milestone yesterday: Their collaborative research operation, the Ragon Institute, opened its new headquarters in Cambridge. The new location at 600 Main St. in Kendall Square is less than a quarter-mile from the institute’s previous address at 400 Technology Square. The new site […]
A little more than a month ago, we predicted in this space that the backlog of major, crucial bills that piled up toward the end of the legislative session would get short shrift, since lawmakers would be consumed with trying to pass the perennially late state budget. Unfortunately, the month of July played out exactly as we […]
By Greg Ryan The downtown Boston office market has captured the lion’s share of local attention — and alarm — since Covid-19 upended the five-day, in-office workweek. But now there’s cause for concern across the Charles River for the 12 million square feet of offices in Cambridge. A CBRE report this month found that, for the first time since the […]
By Nick Timiraos While Federal Reserve officials aren’t likely to change interest rates in the coming week, their meeting will nonetheless be one of the most consequential in a while. At each of their four meetings this year, interest-rate cuts have been a question for later. This time, though, inflation and labor-market developments should allow officials to signal […]
