By The Editorial Board Two prime pieces of Boston commercial real estate went for bargain basement prices in the past couple weeks. A handsome building that takes up a city block at 179 Lincoln St. was acquired by the real estate firm Synergy, the Boston Business Journal reported, by assuming a $76.5 million mortgage on the property. […]
By Greg Ryan The board of the Boston Planning and Development Agency approved a six-building development on the Mystic River in Charlestown on Thursday, as well as two large Sullivan Square lab buildings. The two are the latest projects to get the green light in a neighborhood set up for big changes. The Flatley Co. won approval for […]
By Lucia Maffei Can iRobot continue to spur robotics innovation even as its research and development spending is on the decline? That’s one of the big questions that emerged in the aftermath of the implosion of iRobot’s merger deal with Amazon, which forced the Bedford-based Roomba-maker to chart an alternative path to its own future while […]
By Grant Welker Craft Food Halls will open its 10th Boston area location later this month at Studio Allston Hotel, joining others in Dorchester, Lexington, Marlborough, Waltham and Wellesley. The latest Craft Food Halls will open March 21, with nearly 8,000 square feet of indoor and outdoor space. It will include events, live music and events, […]
By Hannah Green Novartis is once again shelling out millions to buy a subsidiary of Boston-based IFM Therapeutics. Novartis (NYSE: NVS) said on Wednesday it is acquiring all of the outstanding capital stock of IFM Due, a subsidiary company of IFM. Novartis is paying IFM $90 million upfront for this acquisition, and IFM will also be […]
By Greg Ryan One of Boston’s busiest architecture firms is getting serious about cutting down on the carbon footprint of the materials used in their buildings. Gensler recently rolled out sustainability standards that manufacturers must meet for a dozen common construction materials such as gypsum board, interior latex paint and carpet tile. If a material does not meet […]
By: Emily Fu North River Leerink (NRL) has announced that 100 Chestnut, a purpose-built 200,000 square feet life Science building in Somerville, MA, is 90% leased. Ultragenyx, relocating from Kendall Square, has leased 42,500 square feet to consolidate their east coast R&D. CRADL has leased 16,000 square feet to open a contract vivarium and in […]
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 […]
