When Wharton management professor Matthew Bidwell first came to the United States from England in the 1990s, he was struck by the dogged American work ethic. “It was a culture that was much more organized around work than in the U.K. When I was growing up, there wasn’t quite the same heroism about long hours,” he recalled, […]
A new ownership group is revising plans for a commercial development on the outskirts of Somerville’s Union Square, dropping a 330-room hotel while retaining a pair of office-lab towers. Capital Hall Partners, Spaulding & Slye Investments and Union Square master developer US2 are partnering on the 980,000-square-foot Gateway Innovation Center project at 200 McGrath Highway, […]
JLL has arranged a $230-million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling 262,000 square feet in Somerville, MA. Brett Paulsrud, Henry Schaffer and Mike Shepard of JLL represented DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance America to secure the non-recourse construction loan with Oxford Properties Group. “Greater Boston continues […]
There are more than 5,400 satellites currently orbiting the Earth, according to the Union of Concerned Scientists, and some of them —plus other space junk — will inevitably fall back to the surface. Earlier this month, one did. Debris from a large Chinese rocket fell into the Indian Ocean — luckily, most of it burned up as it […]
By Boston Real Estate Times Somerville, MA – Cambria Hotel Boston Somerville has opened its doors. Situated on the Somerville-Cambridge line, it converges with a unique moment in time for Somerville as it experiences a modern-day renaissance, and it adds to the exciting transformation that Somerville’s historic Union Square is undergoing. Travellers will find a design forward, […]
By Boston Real Estate Times Somerville, MA – The development venture of DLJ Real Estate Capital Partners (DLJ), Leggat McCall Properties (LMP) and Deutsche Finance America (DFA) joined the City of Somerville and Flagship Pioneering companies to cut the opening ribbon on 101 South Street, the first purpose-built Class-A lab building in Somerville as part of the Boynton Yards 1.8 million square foot, […]
By Janelle Nanos and Tim Logan via The Boston Globe Nearly half of residents in the blue-collar town are foreign-born. But for years, these groups have been largely locked out of city politics and services. MALDEN — Malden Mayor Gary Christenson has a catchphrase: His city “is a place for everyone.” This might sound like […]
by Boston Planning & Development Agency, Research Division. The COVID-19 pandemic and resulting business closures caused a sudden unprecedented spike in unemployment in Boston as in much of the country. Boston’s unemployment rate peaked in June 2020 at 16.1 percent, a dramatic increase compared to 2.6 percent unemployment in March 2020. Boston’s unemployment rate fell […]
by Jarred Schenke / via Bisnow In the wake of the revelation that the Supreme Court appears poised to overturn Roe v. Wade, large companies considering where to place a new office or lab could soon be forced to choose between states where abortion is legal and where it isn’t. In a leaked draft of the […]
by Chris Lisinski / via Banker & Tradesman Efforts to replace the MBTA’s entire Green Line trolley fleet, a statewide move toward electric vehicle adoption, and projects to make infrastructure more resilient in the face of climate change impacts would all get a boost under a $9.7 billion bond bill Gov. Charlie Baker outlined on […]
