By Greg Ryan – Senior Reporter, Boston Business Journal For decades, scientists have chased the limitless zero-carbon energy promised by fusion. Now, Devens-based Commonwealth Fusion Systems plans to build the world’s first grid-scale commercial fusion power plant in Virginia. The announcement on Tuesday marks a milestone not just for the MIT spinoff, but the global […]
By Lucia Maffei – Technology Reporter, Boston Business Journal Commonwealth Fusion Systems, or CFS, an MIT spinoff seeking to commercialize fusion energy, said on Wednesday it closed more than $1.8 billion in funding. The Series B round, possibly one of the largest single rounds of financing raised by a Bay State company this year, was […]
By Grant Welker Boston Office Market Showing Early Signs of Recovery Two key metrics suggest Boston’s office market may be turning a corner. Vacancy rates in the city have declined for the fourth consecutive quarter, and leasing activity has reached its highest level since 2019. According to JLL, the city’s office vacancy currently stands at 21.1%, […]
Paul Bubny $40.1 Million Renovation Underway at Boston’s Eva White Apartments The Castle Square Tenants Organization (CSTO) and WinnDevelopment have launched a $40.1 million modernization project at Eva White Apartments, a 102-unit low-income housing community serving seniors and people with disabilities in Boston’s South End. The property is located adjacent to the 500-unit Castle Square […]
By Isabel Hart – Reporter, Boston Business Journal Hannaford Supermarkets to Close Marlborough Store, 160 Employees Affected Hannaford Supermarkets will lay off 160 employees from its Marlborough store in mid-September, according to a filing with the state. The layoffs are set to take effect on September 13, and all employees at the store will be impacted. Workers […]
Is Massachusetts ready to make the leap to quantum computing hub? By Eli Chavez – Inno Reporter, Boston Business Journal Massachusetts is rapidly emerging as a potential hub for quantum computing, with state investments, academic talent, and startup innovation converging to build a competitive ecosystem. The Boston-based startup QuEra, which uses lasers to manipulate atoms for quantum […]
By MARTHA BELLISLE Washington state has enacted new rent stabilization laws, becoming one of the first states to set firm limits on rent increases to protect tenants. Signed by Gov. Bob Ferguson, House Bill 1217 caps rent hikes at 7% plus inflation or 10% (whichever is lower) and includes single-family homes and manufactured housing, the latter […]
By Nick Timiraos The Federal Reserve kept interest rates steady this week, citing uncertainty around the economic impact of recently announced tariff hikes. Fed Chair Jerome Powell warned that sustained tariffs could lead to higher inflation, slower growth, and increased unemployment — a tough mix for policymakers. The Fed is choosing a cautious “wait and see” […]
The theater has been vacant on Church Street since 2012. The Cambridge City Council wants to question the owner about its reopening. By Molly Farrar Harvard Square is marred by at least a dozen of vacant storefronts, including, notably, the nearly century-old Harvard Square Theatre on Church Street. It’s been closed since 2012, and, after a failed […]
By Eli Chavez Nuclear fusion has seen increased investment within the past five years due to its promise of an inexhaustible, clean energy source. One fusion startup that’s testing its technology in the greater Boston area has taken a step in the race toward the first commercially viable fusion reactor. Type One Energy, a fusion startup […]
