By Ashley Fahey Although loans backing office properties are the most scrutinized these days, a wall of debt is also maturing within the multifamily sector in the coming years. And while multifamily continues to be seen as one of the safer asset classes, already, there’ve been recent examples of loan defaults on multifamily portfolios, including four […]
By Andy Medici A growing number of Americans have used artificial intelligence tools like ChatGPT at work — but won’t tell their bosses because they are afraid of being replaced by the emerging technology. As business owners across America experiment with the new wave of AI tools in hopes of boosting productivity and cutting costs, workers […]
By Andy Medici – Senior Reporter, The Playbook, The Business Journals Small-business owners are worried about how long they could survive a potential recession, but many believe AI tools like ChatGPT could help them weather an economic downturn. A survey of 700 business owners by B2B Reviews found about 25% of businesses believe they couldn’t last more than […]
Josh Schafer – Reporter Wed, May 24, 2023 Wall Street has been waiting for a recession that hasn’t materialized roughly five months into the year. Executives at S&P 500 companies are talking about recessions less on earnings calls for the third straight quarter, per FactSet. S&P Global’s flash US composite PMI showed US economic output reached a 13-month high […]
By Greg Ryan Consigli Construction Co. last week topped off a nine-story lab building under development from CV Properties and Cannon Hill Capital Partners in Somerville’s Union Square. Boynton Gateway, as the 336,000-square-foot project located at 495 Columbia St. is known, is one of several lab projects at various stages of development in the neighborhood. Union […]
By James McCown CAMBRIDGE — “In the city there must be regularity and fantasy, relationships and oppositions, and casual and unexpected elements to vary the scene,” wrote Marc-Antoine Laugier, an 18th-century Jesuit and arguably the world’s first architecture critic, having penned the seminal Essai Sur l’Architecture in 1753. His advice holds true today. Cities must be […]
In a first-of-its-kind initiative in India, inland and coastal waterways have been leveraged by UltraTech Cement Limited, the cement flagship company of Aditya Birla Group (ABG), to transport phosphogypsum consignment. The consignment of 57,000 metric tons (MT) of phosphogypsum was transported in a bulk cargo carrier from Paradeep port in Odisha and reached the jetty […]
David R. Baker (Bloomberg) — Startup Electric Hydrogen Co. plans to open its first factory for making electrolyzers — the machines at the heart of a future green hydrogen economy – in Massachusetts. It’s the latest in a wave of clean-tech manufacturing projects announced across the US. The company, backed by Bill Gates’s Breakthrough Energy […]
By Jack Rogers | April 25, 2023 at 04:10 PM In a sign that one of the strongest life sciences markets in the US is weakening, Alexandria Real Estate Equities is offering for sale a suburban Boston office complex valued at $170 million, a 28% discount, after a softening market changed plans to convert the property to life […]
By Natalie Lung and Crystal Chui Big Tech earnings this week will offer investors a dose of reality following this year’s impressive gains in the sector that were powered by hype over artificial intelligence. Analysts are expecting tech profits to register the biggest drop since 2009, with businesses curbing spending on software, cloud and advertising services as they’re pinched […]
