By Steph Solis The creators of a new venture studio in Kendall Square aim to make Massachusetts the global center of the AI industry. Driving the news: CIC, which operates “innovation campuses” worldwide, partnered with C10 Labs, an MIT Media Lab spinout, to launch an AI venture studio space. Why it matters: The founders want to harness […]
By Sam Goldfarb Wall Street is gearing up for rate cuts. Twenty months after the Federal Reserve began a historic campaign against inflation, investors now believe there is a much greater chance that the central bank will cut rates in just four months than raise them again in the foreseeable future. Interest-rate futures indicated Monday a 52% […]
By Christopher Anstey (Bloomberg) — Former Treasury Secretary Lawrence Summers said that “transitory factors” have been one element in a faster slowdown in US inflation than he anticipated. “Given how strong the economy has been, there’s still a surprise in what’s happened to inflation,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. That […]
By David Abel From a distance, the new skyscraper looks like any other generic glass tower looming over downtown Boston. But it’s the bowels of the building — in its curtains of glass, in its thickly insulated walls, and in its specially designed ventilation systems — that make it distinct from the others. The $1.4 […]
By Jon Chesto Revs fans are going to have to wait longer for a shot at their goal: a soccer stadium in the heart of Greater Boston. Legislation that would have paved the way for a New England Revolution stadium to go up along the Mystic River in Everett was sidelined when state House and […]
By Boston Real Estate Times Boston – ABG Realty spearheaded the acquisition of 323 Commonwealth Ave in Boston, representing buyer John Manganaro. This 8,481 SF property is set to undergo a remarkable transformation, being reimagined into two luxury condo units. During the sale, Ryan Taylor of Fortune RE represented the seller. Stephanie Deering, Vice President […]
By Greg Ryan Massachusetts is building significantly less housing than it was in the mid-20th century. Not coincidentally, the median home sale price has nearly doubled in the past decade to $600,000, far outpacing income growth. More people are leaving Massachusetts for other states than are moving here. Those problems are what the MBTA Communities zoning […]
By Greg Ryan Procter & Gamble revealed Tuesday it would move Gillette’s century-old South Boston manufacturing operations to the company’s Andover property, opening up as many as 31 acres on Fort Point Channel to redevelopment. Cincinnati-based P&G (NYSE: PG) plans to maintain the headquarters for the Gillette business and roughly 750 corporate, research and engineering employees […]
By Lucia Maffei Form D Friday is a Boston Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses. Form D reports are a type of SEC form used to file a notice of exempt offerings of securities. The SEC requires companies file the notice within 15 days […]
By Grant Welker It wasn’t long ago that the Prudential Tower stood out as one of a small handful of buildings in Boston’s skyline to carry a company name or logo. The insurer’s all-caps name across the top of the Back Bay office tower continues to be a city landmark. But today when you look out […]
