By Rowan Walrath – Life Sciences Reporter, Boston Business Journal Jan 23, 2023 Moderna Inc. is hiring another 2,000 employees this year, a move that would massively grow its headcount — and most of them will be in Massachusetts. The Cambridge-based company (Nasdaq: MRNA) currently employs around 4,000 people globally, CEO Stephane Bancel told investors at the J.P. Morgan Healthcare […]
By Catherine Carlock and Emma Platoff Globe Staff,Updated January 18, 2023, 1:18 p.m In a bid to bring rent control back to Boston for the first time in three decades, Mayor Michelle Wu is readying a proposal that would limit allowable rent increases to 10 percent per year. The plan, which was floated Tuesday to an […]
The sharp decline in office building values is likely to become a growing problem for the budgets of cities, schools and other jurisdictions that depend heavily on property taxes from these building owners. Most municipal budgets haven’t suffered much yet. For a variety of reasons, declines in property values typically take years before they are […]
After about a decade in the role, Emily Reichert has left her role at the helm of one of the largest climate-tech startup incubators in North America. Reichert confirmed on Thursday she stepped down as CEO of Somerville-based Greentown Labs. Her last day was Dec. 5. Greentown Labs published the news on its website Monday, but […]
Rent control advocates in Boston are once again pushing for new rent control laws. Of course they are. Apartment rents rose 17 percent in Boston over the last year, on average, including concessions. There’s no relief in the short term either. Market observers predict rents are likely to keep rising sharply through the rest of the […]
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. On a summer day last year, a group of real estate tech executives gathered at a conference hall in Nashville to boast about one of their company’s signature products: software that uses a mysterious algorithm […]
Inflation and fast-rising interest rates are taking their toll on commercial real estate transactions in Greater Boston. Real estate investors bought $4.6 billion in commercial properties in the Boston metro area in the third quarter, a 27% decline from the same three-month period in 2021, according to new data from MSCI Real Assets. It’s only […]
MetLife Investment Management has completed its $103 million purchase of Burlington BioCenter, a 109,085-square-foot life science research and pharmaceutical manufacturing facility in Burlington, Mass. Public records show MetLife financed the acquisition with a $54.4 million loan from Northwestern Mutual. Newmark represented the seller, a joint venture between The Gutierrez Company and GEM Realty Capital, and procured the buyer. The partnership had […]
U.S. life sciences real estate showed signs of normalizing in this year’s third quarter after setting records in 2021, CBRE says in a new report. Nonetheless, market fundamentals surpass those from before the pandemic. The average lab vacancy rate across the top 12 U.S. life sciences hubs increased to 5.3% in Q3, up 30 basis points […]
A clear number for how many people Twitter is laying off in Boston is finally emerging, after a week of speculation following Elon Musk‘s $44 billion takeover of the company, thanks to an official state document obtained by the Business Journal. The social media giant told state officials on Friday that it will be conducting a […]
