As U.S., like the rest of the world, continues to grapple with stubborn inflation (at 8.2 percent in September), there are worries that consumer spending is going to falter and impact industrial owners’ ability to raise rents. Industry insiders, however, say such fears are over-stated. At the moment, industrial real estate fundamentals remain strong and […]
Sankalp Phartiyal and Debby Wu September 26, 2022 at 1:26 AM EDTUpdated onSeptember 26, 2022 at 3:48 AM EDT Apple Inc. began making its new iPhone 14 in India sooner than anticipated, after a surprisingly smooth production rollout that slashed the lag between Chinese and Indian output from months to mere weeks. The US tech giant […]
The Federal Trade Commission wants to take a closer look at Amazon’s $1.7 billion takeover of Roomba maker iRobot, delaying an acquisition process that has no expected closing date in sight. Both Bedford-based iRobot Corp. (Nasdaq: IRBT) and Amazon.com Inc. (Nasdaq: AMZN) received a request for additional information Monday from the FTC in connection with […]
GI Partners has acquired Blackstone Science Square, a fully leased lab building in Cambridge, MA on behalf of its Essential Tech + Science Fund. According to GI Partners, Blackstone Science Square offered it the opportunity to acquire a stabilized, highly functional lab building situated in one of the country’s largest life sciences markets. The 77,000-square-foot property […]
Lumber prices have fallen to their lowest level in more than two years, bringing two-by-fours back to what they cost before the pandemic building boom and pointing to a sharp slowdown in construction. Lumber futures ended Tuesday at $429.30 per thousand board feet, down about one-third from a year ago and more than 70% from […]
Federal Reserve officials ramped up their battle against the fastest inflation in 40 years on Wednesday, ushering in a third straight supersize rate increase while projecting a more aggressive path ahead for monetary policy, one that would lift interest rates higher and keep them elevated longer. Central bankers raised their policy interest rate by three-quarters of […]
Regency Center Corporation’s (Nasdaq: REG) overhaul of a trio of century-old buildings located in Cambridge, Massachusetts into modern mixed-use space—while carefully preserving the historic flair of their surroundings—reflects the versatility and perseverance of a REIT best known for its grocery-anchored shopping centers. The Jacksonville, Florida-based REIT’s restoration of the Abbot Building complex, a collection of three […]
Eastern Bank has provided a $14-million loan to the Arts & Business Council of Greater Boston for its landmark purchase of the Western Avenue Studios & Lofts in Lowell, MA. The WASL complex includes 240,000 square feet of space, 250 work-only artist studios, 50 live/work studios, and a brewery, café and gallery. The Arts & Business Council of […]
Somerville’s planning board is meeting next month to consider the next step in developer US2’s nine-story life sciences building in Union Square. US2 has proposed a 280,000-square-foot mixed-use development with ground-level retail at 50 Webster Ave. The project would kick off the second phase of the USQ development, one of the most important components in […]
40 Years in the Making The original developer of Marshall’s Plaza in 1978, Northland has, over two generations, patiently assembled the critical mass necessary to create a 21st century green neighborhood that focuses on sustainability, wellness, connectivity, and permeability in a vibrant, live, work and play Newton gateway. Promoting smart growth by converting an aging, obsolete, industrial […]
