Gary Higgins Artificial intelligence deals led every area of venture capital investment in the first quarter, and Massachusetts deals held their own against stiff West Coast competition, according to newly released data. Despite being much smaller, in terms of population, Massachusetts ranked third behind California and New York for venture capital deals and total VC […]
By Chris Lisinski The Kraft family would clear a key hurdle toward building a new professional soccer stadium in Everett under a nearly $4 billion bill on the move this week whose economic impacts reach across nearly every business sector. Top Democrats on Tuesday evening filed a compromise economic development bill months after their deadline-day talks […]
By Mark Heschmeyer Alexandria Real Estate Equities has extended the ground lease on its seven-building Technology Square campus in Cambridge, Massachusetts, from an affiliate of the Massachusetts Institute of Technology for 24 years at a cost of $270 million. The deal extends the term from January 2065 to December 2088, according to the San Diego-based firm’s […]
By Andy Medici More details are emerging for the Small Business Administration‘s new structured line of credit loan program that aims to offer more flexibility to lenders and small-business owners. The 7(a) Working Capital Pilot Program will use a fee structure similar to the agency’s existing Export Working Capital Program and its SBA Express loans offering, under […]
By Mark Heschmeyer Simon Moves To Give Up Philadelphia Mall: Retail real estate investment trust Simon Property Group is working with lenders to turn the title over to its 1.21 million-square-foot Philadelphia Mills Mall rather than pay off debt that was set to come due this month. The property backs $103.7 million in outstanding commercial mortgage-backed securities debt spread […]
By Norah Mulinda The stock market’s worst group notched its best day of the year as a cooler-than-expected inflation report stoked bets that the Federal Reserve will start cutting interest rates in September. Shares of real estate companies jumped 2.7% Thursday for their biggest gain of 2024, climbing to their highest level since March as investors snapped up homebuilder, digital and commercial […]
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 Lucia Maffei Women are increasingly joining the ranks of angel investors, and now make up almost half of angel investors nationwide, according to a new report. Last year, women angels represented 46.7% of the angel market, marking the third year in a row of increased participation. Women angels accounted for 39.5% of the market in […]
By Hannah Green The former CEO of Dyne Therapeutics Inc. has joined Forbion as the life sciences venture capital firm announced plans to expand its U.S. presence by opening a Boston office. Josh Brumm, formerly of Dyne and a newly named general partner at Forbion, said the Boston office “really does have a chance to impact the […]
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 […]
