By Hannah Green The former CEO of Dyne Therapeutics Inc. has joined Forbion as the life sciences venture capital firm announced plans to expand its U.S. presence by opening a Boston office. Josh Brumm, formerly of Dyne and a newly named general partner at Forbion, said the Boston office “really does have a chance to impact the […]
By Hannah Green Charles River Labs has a new facility coming to Somerville next month. The Wilmington-based contract research company is opening a Charles River Accelerator and Development Lab (CRADL) site on Chestnut Street in Somerville at the end of July. Charles River Laboratories International Inc. (NYSE: CRL) provides products and services to pharma and biotech companies to […]
By Greg Ryan A Flatiron partner did not immediately respond to a request for comment on the filing. The filing refers to the proposed Brighton development as Project Lite Brite. The Electric Avenue property is 2.8 acres that now feature buildings that total 27,000 square feet and more than 100 parking spaces. Flatiron is also seeking […]
By Diti Kohli This is the second in a series of stories about the consequences of Boston’s broken liquor license system. Chompon Boonnak is the kind of restaurateur Boston needs: smart and eager, with a knack for crafting inventive food and a convivial dining room. The menu at his 30-seat Thai restaurant, Mahaniyom, is mouth-watering. […]
By Augusta Saraiva US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year. Nonfarm payrolls advanced 175,000 last month, the smallest gain in six months, a Bureau of Labor Statistics report showed Friday. A later release showed that business activity […]
By Grant Welker It’s not just inflation, and it’s not just a matter of perception: the cost of buying a home in Boston has far surpassed the increase in wages in the past 50 years, according to a new analysis. In Boston, a typical wage in 1970 was $9,133, according to a report this spring by […]
By Brooke Sutherland and Sri Taylor Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a temporary increase of the city’s tax-rate ceiling for commercial properties relative to residential levies. The proposal aims to redistribute the tax burden […]
By Grant Welker The Lineup, a small food hall at the base of downtown Boston’s tallest tower, has five food options in a block-long space that’s bookended by 50-foot glass walls and a striking red sculpture by glass artist Dale Chihuly. But not everyone’s working in the Financial District as much as they were when the […]
By Jon Chesto As she tries to bring downtown Boston back to life, Mayor Michelle Wu faces two real estate crises:Too much office space and not enough housing. Now, an ambitious plan that would revive a prominent block in the heart of the central business district could end up getting caught in the middle of […]
By The Editorial Board Two prime pieces of Boston commercial real estate went for bargain basement prices in the past couple weeks. A handsome building that takes up a city block at 179 Lincoln St. was acquired by the real estate firm Synergy, the Boston Business Journal reported, by assuming a $76.5 million mortgage on the property. […]
