By Grant Welker There isn’t enough new housing being built in the Boston area to suddenly make the region affordable. But builders are finding places to build — mainly in former industrial pockets in such places as Everett and South Boston, as well as relatively less-dense neighborhoods in Allston and Quincy. Residential developments now under construction […]
By Marian Zboraj Sprouts Farmers Market Inc. has high expectations for 2024. Amid the release of its impressive results for its fourth quarter and fiscal year ending Dec. 31, results, the specialty grocer released its outlook for the year. The outlook includes net sales growth of 5.5% to 7.5%, comparable-store sales growth of 1.5% to […]
By Trefor Moss Many malls are struggling but IKEA is betting it can breathe new life into the troubled format. Ingka Group, the operator of most of the world’s IKEA stores, has assembled its own mall empire in recent years, spanning from China to Europe to the U.S., and says it wants to buy more locations […]
By NEREJ Somerville, MA According to Rafi Properties, owner and operator of Somernova, the 7.4-acre innovation campus and community dedicated to helping people and companies iterate and grow faster, Sublime Systems (Sublime) will expand their headquarters on the campus. Sublime, the leading developer of a fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete, will add […]
By Nick Stoico President Biden has nominated former Boston mayor Martin J. Walsh to serve on the United States Postal Service’s board of governors, the White House said Thursday. Walsh, a Dorchester native, served in Biden’s cabinet as labor secretary until he left last year to become executive director of the National Hockey League Players’ […]
By David Cifarelli A new beer hall with a 17,000 square-foot tap room, outdoor garden and rotating roster of food trucks is expected to open just outside of Boston later this year. The Great American Beer Hall is projected to open at 142 Mystic Ave. in Medford in the late summer or early fall of 2024. […]
By John Hilliard WALTHAM — Reggie Clark is 70, but memories of his childhood years at the Walter E. Fernald Developmental Center during the 1960s are painfully clear. He considers himself a survivor of the now-closed state school in Waltham that was the home to generations of people with developmental or physical disabilities. Patients weren’t […]
By Hannah Green A Framingham-based biotech is relocating its headquarters to a new space closer to the center of Massachusetts’ biotech industry. BPGbio announced on Wednesday it was moving into 70,000 square feet of lab and office space at 300 Third Avenue in Waltham. The biotech company plans to move into two full floors of the […]
By Greg Ryan Boston-based Rafi Properties has withdrawn a zoning proposal that would enable the firm to build taller at its Somernova business campus in Somerville, with plans to refile the measure this spring after more discussions with local officials and residents. Last year, Rafi proposed replacing Somernova’s low-slung structures with five significantly taller buildings totaling nearly 2 […]
By Lucia Maffei Needham-based Tripadvisor Inc. is ready to evaluate takeover proposals. The travel metasearch firm (Nasdaq: TRIP) said Monday that independent directors of its board have formed a special committee “to evaluate any proposals that may be brought forward for a potential transaction, and any alternatives thereto, with regard to Tripadvisor.” TripAdvisor”s shares jumped 14% […]
