Massachusetts consumers and businesses could be in for some sticker shock this winter when they open their electric bills — and feel the impact of a war an ocean away. A rate filing on Wednesday from National Grid, showing wintertime power bills rising more than 60 percent from a year ago, is just the latest […]
Some states and counties were already winning the migration battle before the Covid-19 took the world by storm. Like with many other trends, the pandemic sent several migration patterns into overdrive — shifting thousands of people and billions of dollars into fast-growing counties and leaving other areas scrambling to recapture their losses. Massachusetts was a net loser […]
Regency Center Corporation’s (Nasdaq: REG) overhaul of a trio of century-old buildings located in Cambridge, Massachusetts into modern mixed-use space—while carefully preserving the historic flair of their surroundings—reflects the versatility and perseverance of a REIT best known for its grocery-anchored shopping centers. The Jacksonville, Florida-based REIT’s restoration of the Abbot Building complex, a collection of three […]
President Joe Biden is infusing billions of dollars into a new, biotech-focused initiative, and it’s likely to have immediate ramifications for New England. Boston has long been a hotbed for pharmaceuticals in addition to upstart biotechs. But the White House is expanding the definition of what a “bioeconomy” could be, looking beyond drugmaking to other applications of […]
Project: A brownstone-turned-boutique-hotel in Cambridge’s Central Square, with a ground-level restaurant and a rooftop bar. Opening: 2020 Developer: Patrick Barrett (solo practitioner) Development costs: $24 million What’s electric? All 67 hotel rooms have their own heat pump. Some restaurant kitchen equipment. What’s gas? The hot water system, restaurant stoves and the building’s emergency backup system. Patrick Barrett, […]
State Auditor Suzanne Bump announced Thursday that her office has determined that the state’s tax revenue last year exceeded the allowable limit by nearly $3 billion, confirming the estimate put forward by Gov. Charlie Baker and clearing the way for the money to be returned to taxpayers. Chapter 62F, a law approved by voters in 1986, sets limits on […]
Eastern Bank has provided a $14-million loan to the Arts & Business Council of Greater Boston for its landmark purchase of the Western Avenue Studios & Lofts in Lowell, MA. The WASL complex includes 240,000 square feet of space, 250 work-only artist studios, 50 live/work studios, and a brewery, café and gallery. The Arts & Business Council of […]
Somerville’s planning board is meeting next month to consider the next step in developer US2’s nine-story life sciences building in Union Square. US2 has proposed a 280,000-square-foot mixed-use development with ground-level retail at 50 Webster Ave. The project would kick off the second phase of the USQ development, one of the most important components in […]
Me: Coffee next week? Friend: Sure! How about Wednesday? Friend: Hello? Friend: Are you free? Me: So sorry! I totally missed these. They got buried by texts from the pediatrician, the electrician and the dog groomer. No, those three people didn’t walk into a bar. Instead, they were congregating in my Messages app—along with texts about appointments, 20%-off sales, […]
The life sciences sector continued to grow in the Bay State last year, adding another 12,000-plus workers and nearly 16 million square feet in real estate between 2020 and 2021. That’s according to a new report from the Massachusetts Biotechnology Council, the trade group better known as MassBio. UPGRADE TO NATIONWIDE ACCESS Get Industry Insights […]
