By Mary C. Serreze A California-based defense contractor with operations in Quincy plans to make autonomous underwater vehicles (AUVs) at a new, custom-built facility at Quonset Business Park in North Kingstown, Rhode Island. Anduril Industries Inc. said Tuesday it had chosen Rhode Island due to support from state officials, a skilled workforce, logistical help from leaders […]
By Grant Welker The Street shopping center in Chestnut Hill will open a 90,000 square-foot addition on Thursday with what’ll eventually be more than 25 retailers. Among the brands are the newly announced jewelry store Mejuri and the clothing retailer Todd Snyder. They’ll join previously named tenants opening Thursday that includes the activewear companies Alo Yoga […]
BY CHRISTOPHER RUGABER WASHINGTON (AP) — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. Minutes of the May 1 meeting, released Wednesday, showed that […]
By Diti Kohli This is the second in a series of stories about the consequences of Boston’s broken liquor license system. Chompon Boonnak is the kind of restaurateur Boston needs: smart and eager, with a knack for crafting inventive food and a convivial dining room. The menu at his 30-seat Thai restaurant, Mahaniyom, is mouth-watering. […]
by Traded Media Rafi Properties, owner of Somernova, announces the expansion of the Somerville Media Center (SMC) at the innovation campus. The new state-of-the-art media center aims to enhance community engagement and creativity. SMC’s Legacy and Offerings Established in 1983, SMC has been a hub for connectivity and creativity in Somerville. It has hosted nationally recognized […]
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
By Emily Spatz Construction has commenced on a residential building in Kendall Square that is set to become the tallest building in Cambridge, investors announced last week. The building will rise at 121 Broadway and stand over 450 feet tall, according to architects on the project. Boston Properties (BXP), a real estate investment trust, announced that construction […]
By Grant Welker A planned food market in East Cambridge amid a series of major new developments has its first tenant, and it’s a restaurant from a well-known restaurateur in the neighborhood. Chef Will Gilson will open AMBA this summer, a Mediterranean-inspired café that’ll be part of the new First Street Market just a few blocks from other […]
By Grant Welker It’s not just inflation, and it’s not just a matter of perception: the cost of buying a home in Boston has far surpassed the increase in wages in the past 50 years, according to a new analysis. In Boston, a typical wage in 1970 was $9,133, according to a report this spring by […]
by Front Section Cambridge, MA According to BioMed Realty, Takeda has leased the entire research and development project totaling 600,000 s/f in Kendall Sq. located at 585 Third St. The building is expected to be ready for occupancy in 2026 and will provide 16 stories of advanced and efficient lab office space incorporating industry-leading sustainability features. In […]
