By Charlotte LoBuono The Massachusetts Biotechnology Council, the nation’s oldest biotech trade association, released its 2023 Industry Snapshot on September 6. The report found that biotech and pharmaceutical companies in Massachusetts added more research and development and biomanufacturing jobs than in most other states in 2022. The biopharma R&D workforce in Massachusetts had a year-over-year growth rate of 8.5% […]
By Grant Welker It wasn’t long ago that the Prudential Tower stood out as one of a small handful of buildings in Boston’s skyline to carry a company name or logo. The insurer’s all-caps name across the top of the Back Bay office tower continues to be a city landmark. But today when you look out […]
By Lucia Maffei A startup based in Littleton is attracting the attention of one of the U.S. government’s investors to solve a problem that’s both unsexy and inevitable: the increased heat generation and water and electricity consumption in data centers supporting rapidly rising technologies such as advanced AI. The startup is JetCool Technologies Inc., an MIT […]
By Lucia Maffei iRobot Corp. shareholders voted on Thursday morning to approve the revised merger deal with Amazon.com Inc., which comes with a 15% price decrease announced over the summer. “We are pleased that our stockholders have overwhelmingly voted to approve the amended merger agreement between Amazon and iRobot,” said Colin Angle, chairman and CEO at iRobot, in […]
By Grant Welker Milena Pagán graduated from MIT in 2011 with a degree in chemical engineering. She’s about to return to the neighborhood — to open a bagel shop as an acclaimed chef. Pagán spent some years in the corporate world but appears to have found her calling in restaurants. Pagán was a semifinalist this year […]
By Catherine Carlock A low-lying industrial area in Charlestown — an area just a few miles from downtown yet far enough off the beaten path that it’s home to a pub called the Tavern at the End of the World — is poised for major transformation ahead of a crucial city vote this Thursday. The […]
By Jane Margolies When Jack Welch, the longtime chief executive of General Electric, presided over a global headquarters on a sylvan expanse in Fairfield, Conn., in the 1980s and ’90s, he probably did not envision college students streaming into its two pristine office buildings. But on a recent morning, students at Sacred Heart University headed to classrooms on floors […]
By: Scott Carpenter and Sarah Holder Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of the 919 respondents surveyed by Bloomberg believe that the US office market will only […]
By Greg Ryan The real estate firm behind Somerville’s Somernova business campus is proposing to replace the low-slung structures now on the site with a $3.3 billion redevelopment featuring five significantly taller buildings aimed at “tough tech” tenants. Right now, the 7.5-acre Somernova campus — located off Somerville Avenue, a half-mile west of Union Square — […]
By Joe Clements CAMBRIDGE—In a mega-$168 million trade that caps off a banner beginning for CBRE/NE’s market-leading multifamily sales team, Heitman Real Estate Capital has changed places with fellow Chicago-based investor Equity Residential as landlord to the Cambridge Park Apartments in this city’s rapidly emerging Alewife district. The 311-unit, first-class asset at 30 CambridgePark Dr. […]
