Innovation center will be first U.S.-based R&D site for MitsubishiBy Eli Chavez One month after Nvidia announced plans to launch a new research center in Boston, an international electronics company has announced it will be bringing its resources to Boston with an innovation center in Cambridge. The Mitsubishi Electric U.S., an affiliate of Mitsubishi Electric Corp., announced that it […]
Ashley Capoot IBM on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are […]
By Greg Ryan Home Depot Inc. has paid $72 million to acquire a large chunk of a Watertown property that hosts one of its stores, though a Boston real estate developer continues to have preliminary approval to put a lab building on part of the site. Following the transaction earlier this month, Boylston Properties still owns a […]
By Isabel Hart The plans to restore and renovate the historic Hotel Alexandra on the border of Boston’s South End and Roxbury neighborhoods have changed many times over the past several years, but developers of the property said they are close to getting the go-ahead from city planners. The newest version of the proposal for the Victorian […]
By Michael Silverman and Jon Chesto The New England Revolution just secured a crucial assist from the state Legislature to help build a soccer stadium in Everett. But it’s just the first of many issues to be resolved before they can reach that ultimate goal. Among the remaining questions: Is it financially feasible for the Kraft Group, […]
By Greg Ryan The potential soccer stadium in Everett may be getting lots of attention, but there’s another real estate-related provision in the state economic development bill that would have a far broader effect on the industry. The legislation, unveiled on Tuesday, extends approvals for building and other permits by two years statewide. The blanket extension would give […]
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 […]
