By Hannah Green The Cambridge company behind the technology that enabled the first-ever pig-to-human kidney transplant earlier this year has raised a mega-round of funding. The biotech eGenesis said on Wednesday that it has closed a $191 million Series D financing led by Lux Capital. Existing investors including Arch Ventures and Leaps by Bayer, as well new investors, also […]
By Greg Ryan A Boston-based real estate developer is proposing a 12-story, 227-unit residential building in Alewife, the Cambridge neighborhood that was put under a construction moratorium for more than a year out of fear it would be overrun by life sciences labs. Boylston Properties is hosting community meetings next week to discuss its plans to […]
By Greg Ryan CBRE Group Inc.’s investment arm has sold a shopping plaza in Cambridge’s Porter Square to two local firms for $20.1 million. Crosspoint Associates and Long Wharf Capital now own Porter Square Galleria, a 55,610-square-foot property anchored by a Target Corp. store. The plaza is 96% leased, with Retro Fitness, Citizens Bank and Anna’s Taqueria among its other […]
By Greg Ryan The downtown Boston office market has captured the lion’s share of local attention — and alarm — since Covid-19 upended the five-day, in-office workweek. But now there’s cause for concern across the Charles River for the 12 million square feet of offices in Cambridge. A CBRE report this month found that, for the first time since the […]
By Greg Ryan Five years ago, nearly half of the region’s lab space was in Cambridge, according to CBRE research. Today, about a third is. But a life sciences facility is not a “Field of Dreams.” Just because developers built labs in new places does not mean the biotechs will come — at least in this real estate market. […]
By Mark Heschmeyer Alexandria Real Estate Equities has extended the ground lease on its seven-building Technology Square campus in Cambridge, Massachusetts, from an affiliate of the Massachusetts Institute of Technology for 24 years at a cost of $270 million. The deal extends the term from January 2065 to December 2088, according to the San Diego-based firm’s […]
By Hannah Green Moderna Inc. officially opened the doors to its new global headquarters on Wednesday, fulfilling its plan to bring its research and development operations under one roof. The Cambridge drugmaker has moved into a six-floor, 462,000-square-foot office and lab building at 325 Binney St. Moderna (Nasdaq: MRNA) first shared its intention to move into a new Cambridge […]
By Trajan Warren Just ahead of its expected completion of merging with Cambridge Trust, Eastern Bank has announced four Cambridge Trust board members who will join Eastern’s Boards of Directors upon closure of the deal. When the merger is completed, Denis Sheahan, current chairman, president and CEO of Cambridge, will join Eastern’s Board of Directors, along […]
By Isabel Hart Mass General Brigham, Harvard University and the Massachusetts Institute of Technology all celebrated a joint milestone yesterday: Their collaborative research operation, the Ragon Institute, opened its new headquarters in Cambridge. The new location at 600 Main St. in Kendall Square is less than a quarter-mile from the institute’s previous address at 400 Technology Square. The new site […]
By Greg Ryan The downtown Boston office market has captured the lion’s share of local attention — and alarm — since Covid-19 upended the five-day, in-office workweek. But now there’s cause for concern across the Charles River for the 12 million square feet of offices in Cambridge. A CBRE report this month found that, for the first time since the […]
