By Lydia DePillis If the economy is slowing down, nobody told the labor market. Employers added 275,000 jobs in February, the Labor Department reported Friday, in another month that exceeded expectations. It was the third straight month of gains above 200,000, and the 38th consecutive month of growth — fresh evidence that after surging back […]
By: Emily Fu North River Leerink (NRL) has announced that 100 Chestnut, a purpose-built 200,000 square feet life Science building in Somerville, MA, is 90% leased. Ultragenyx, relocating from Kendall Square, has leased 42,500 square feet to consolidate their east coast R&D. CRADL has leased 16,000 square feet to open a contract vivarium and in […]
By Andy Medici Small businesses are increasingly optimistic about the future, at least according to a survey by CNBC and SurveyMonkey, and there are several new business grant opportunities in March that can help them capitalize on growth opportunities. It found about 28% of small-business owners said the economy was currently “excellent” or “good,” up from 23% […]
By Marian Zboraj Sprouts Farmers Market Inc. has high expectations for 2024. Amid the release of its impressive results for its fourth quarter and fiscal year ending Dec. 31, results, the specialty grocer released its outlook for the year. The outlook includes net sales growth of 5.5% to 7.5%, comparable-store sales growth of 1.5% to […]
By Trefor Moss Many malls are struggling but IKEA is betting it can breathe new life into the troubled format. Ingka Group, the operator of most of the world’s IKEA stores, has assembled its own mall empire in recent years, spanning from China to Europe to the U.S., and says it wants to buy more locations […]
By NEREJ Somerville, MA According to Rafi Properties, owner and operator of Somernova, the 7.4-acre innovation campus and community dedicated to helping people and companies iterate and grow faster, Sublime Systems (Sublime) will expand their headquarters on the campus. Sublime, the leading developer of a fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete, will add […]
By Justin Lahart By one measure inflation is closing in on the Federal Reserve’s 2% target. By another it is still far away. Whether, and how, that gap closes could be critical to Fed plans this year. The Labor Department’s monthly report on consumer prices, known as the consumer-price index or CPI, is generally thought of as […]
By Nick Stoico President Biden has nominated former Boston mayor Martin J. Walsh to serve on the United States Postal Service’s board of governors, the White House said Thursday. Walsh, a Dorchester native, served in Biden’s cabinet as labor secretary until he left last year to become executive director of the National Hockey League Players’ […]
By David Cifarelli A new beer hall with a 17,000 square-foot tap room, outdoor garden and rotating roster of food trucks is expected to open just outside of Boston later this year. The Great American Beer Hall is projected to open at 142 Mystic Ave. in Medford in the late summer or early fall of 2024. […]
By Trajan Warren Stanley Rameau had been sold on Silicon Valley Bank since first being introduced to the bank in the fall of 2022. In the months following, Rameau decided to use SVB as the bank for Renavest, the financial education service he founded. But in early March 2023, SVB, the 10th largest bank in Massachusetts at the […]
