By Lucia Maffei A startup based in Littleton is attracting the attention of one of the U.S. government’s investors to solve a problem that’s both unsexy and inevitable: the increased heat generation and water and electricity consumption in data centers supporting rapidly rising technologies such as advanced AI. The startup is JetCool Technologies Inc., an MIT […]
By Catherine Carlock A low-lying industrial area in Charlestown — an area just a few miles from downtown yet far enough off the beaten path that it’s home to a pub called the Tavern at the End of the World — is poised for major transformation ahead of a crucial city vote this Thursday. The […]
By Olivia Rockeman Macy’s Inc. will open 30 new small-format stores by the fall of 2025 as it works to expand its presence outside of traditional malls. Macy’s already operates small-store locations in markets such as Dallas, Atlanta, St. Louis and Chicago, and it announced four new ones in August. The department store chain will have 15 smaller stores across […]
By: Scott Carpenter and Sarah Holder Office prices in the US are due for a crash, and the commercial real estate market faces at least another nine months of declines, according to Bloomberg’s latest Markets Live Pulse survey. About two-thirds of the 919 respondents surveyed by Bloomberg believe that the US office market will only […]
By Joe Clements CAMBRIDGE—In a mega-$168 million trade that caps off a banner beginning for CBRE/NE’s market-leading multifamily sales team, Heitman Real Estate Capital has changed places with fellow Chicago-based investor Equity Residential as landlord to the Cambridge Park Apartments in this city’s rapidly emerging Alewife district. The 311-unit, first-class asset at 30 CambridgePark Dr. […]
By Rowan Walrath A consortium of leaders in the private and public sectors are making a push for Massachusetts to play host to a hub of a new, biomedical research-focused federal agency. ARPA-H, short for the Advanced Research Projects Agency for Health, is tasked with kickstarting biomedical innovation. While its home base will be in the […]
By Lucia Maffei After a national search that lasted months, Somerville-based Greentown Labs has found its new leader. The largest climatetech incubator in North America said Thursday it appointed Kevin Knobloch as its next CEO. He plans to start on Sept. 5. Knobloch, 66, served as chief of staff of the U.S. Department of Energy during […]
By Macie Parker After four years of construction and nearly a decade of planning, the new John A. Volpe National Transportation Systems Center has opened in Kendall Square, part of $750 million deal between MIT and the federal government to redevelop a 14-acre parcel that was once a NASA electronic research center. The new transportation center is […]
By Rowan Walrath Massachusetts’ life sciences industry grew by more than 7,000 jobs last year, outpacing competitor states even as the so-called “Covid boom” began to wane. That’s according to the latest “Industry Snapshot” report put out by the Massachusetts Biotechnology Council, the trade group better known as MassBio, which examines trends in workforce, real estate, […]
By: Gary Kerr The Commercial Triangle district in Everett, Massachusetts, provides a case study in putting a strategic vision into action. Municipal leaders are continually seeking to improve their communities by bringing in private-sector investment, which catalyzes growth and opportunity. But how can a municipality attract the right kind of investment? Welcome to Everett Located just […]
