Updates in the world of Commercial Real Estate
By Greg Ryan A unit of the German software maker SAP is subleasing a floor of office space at 60 State St. in downtown Boston, nearly doubling its footprint at its Watertown location. SAP LeanIX (NYSE: SAP) is taking about 25,000 square feet from LinkSquares at the Boston office tower, with plans to move into the […]
By Mary C. Serreze The mid-July failure of a 350-foot offshore wind blade off the coast of Massachusetts was caused by a “manufacturing deviation” at a factory in Canada, according to Scott Strazik, CEO of GE Vernova (NYSE: GEV), maker of the defective component. “We have no indications of an engineering design flaw — that’s important […]
By Jeanne Whalen Americans’ once-in-a-generation job market has come to an end. The red-hot hiring and rock-bottom unemployment that helped millions of workers find new gigs, boost their wages and reinvent their careers are giving way to more prosaic times. While the market is still healthy by many measures, signs of difficulty are creeping in. The […]
By Sam Goldfarb, Peter Santilli and Anthony DeBarros The Wall Street Journal’s latest quarterly survey of business and academic economists shows forecasters remain firmly optimistic about the economic outlook, despite some hints of weakness in recent data. The following graphics show what economists are thinking now and how their forecasts—and the economy—have evolved over recent months and years. After looking at […]
By Andy Medici More details are emerging for the Small Business Administration‘s new structured line of credit loan program that aims to offer more flexibility to lenders and small-business owners. The 7(a) Working Capital Pilot Program will use a fee structure similar to the agency’s existing Export Working Capital Program and its SBA Express loans offering, under […]
By Greg Ryan Boston-based The Davis Cos. has raised $977 million to invest in real estate such as apartments, labs and warehouses, closing the firm’s largest-ever fund amid a challenging time for fundraising in the sector. Institutional investors nationwide have turned away from real estate, instead putting their money into investments that offer close to the […]
By Norah Mulinda The stock market’s worst group notched its best day of the year as a cooler-than-expected inflation report stoked bets that the Federal Reserve will start cutting interest rates in September. Shares of real estate companies jumped 2.7% Thursday for their biggest gain of 2024, climbing to their highest level since March as investors snapped up homebuilder, digital and commercial […]
By Marq Burnett As the hybrid era ramped up after the pandemic, experts warned that proximity bias would be difficult to avoid. Now that employers are in the midst of their hybrid models — and some are even moving past them — new data suggests fears about proximity bias, or the tendency to gravitate toward employees who are physically […]
By Nick Timiraos The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago. Eleven of 12 Fed voters backed the cut, which will bring the […]
Inflation slowed down on an annual basis in August, with the Consumer Price Index rising by 2.5 percent compared to a year ago. This is a noticeable drop from July’s 2.9 percent and a significant decline from the peak of 9.1 percent seen in 2022. Next week, Federal Reserve officials are expected to lower interest […]
