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. […]
By Meera Raman The iconic John Hancock sign is heading for a new home. According to documents obtained by the Business Journal through a public records request, John Hancock has gotten approval to move the sign — which lived in Fenway Park for 20 years — to the company’s U.S. headquarters building in Back Bay on […]
By Rowan Walrath A consortium of leaders in the private and public sectors are making a push for Massachusetts to play host to a hub of a new, biomedical research-focused federal agency. ARPA-H, short for the Advanced Research Projects Agency for Health, is tasked with kickstarting biomedical innovation. While its home base will be in the […]
By Lucia Maffei After a national search that lasted months, Somerville-based Greentown Labs has found its new leader. The largest climatetech incubator in North America said Thursday it appointed Kevin Knobloch as its next CEO. He plans to start on Sept. 5. Knobloch, 66, served as chief of staff of the U.S. Department of Energy during […]
By Jon Chesto Eastern Bank is making a major move to expand its private bankingwith a $528 million deal to acquire Cambridge Trust, while simultaneously selling its insurance business for $510 million to brokerage giant Arthur J. Gallagher & Co. The Boston-based bank’s holding company, Eastern Bankshares, announced both deals after the stock markets closed […]
By Macie Parker After four years of construction and nearly a decade of planning, the new John A. Volpe National Transportation Systems Center has opened in Kendall Square, part of $750 million deal between MIT and the federal government to redevelop a 14-acre parcel that was once a NASA electronic research center. The new transportation center is […]
By Rowan Walrath Massachusetts’ life sciences industry grew by more than 7,000 jobs last year, outpacing competitor states even as the so-called “Covid boom” began to wane. That’s according to the latest “Industry Snapshot” report put out by the Massachusetts Biotechnology Council, the trade group better known as MassBio, which examines trends in workforce, real estate, […]
By: Gary Kerr The Commercial Triangle district in Everett, Massachusetts, provides a case study in putting a strategic vision into action. Municipal leaders are continually seeking to improve their communities by bringing in private-sector investment, which catalyzes growth and opportunity. But how can a municipality attract the right kind of investment? Welcome to Everett Located just […]
But as venture outlays fall, a recent spurt of layoffs has clouded outlook By Robert Weisman Globe Staff Massachusetts continued to expand its biopharma workforce in research labs and manufacturing plantslast year even as venture capital investment dwindled and fewer biotech companies went public. Overall employment in the sector — a bellwether of the state’s […]
By Hannah Green – Inno Reporter The idea for building a water shuttle on the Charles River came to Drew Rollert as one might expect: After a particularly terrible attempt to get around by car in Greater Boston. Last summer, the Watertown entrepreneur was gifted a few Red Sox tickets. He got some friends together, shared a few […]
