By Andy Medici More details are emerging for the Small Business Administration‘s new structured line of credit loan program that aims to offer more flexibility to lenders and small-business owners. The 7(a) Working Capital Pilot Program will use a fee structure similar to the agency’s existing Export Working Capital Program and its SBA Express loans offering, under […]
By Greg Ryan Boston-based The Davis Cos. has raised $977 million to invest in real estate such as apartments, labs and warehouses, closing the firm’s largest-ever fund amid a challenging time for fundraising in the sector. Institutional investors nationwide have turned away from real estate, instead putting their money into investments that offer close to the […]
By Hannah Green Massachusetts Biomedical Initiatives (MBI) is calling on state officials to designate Central Massachusetts as a “Biomanufacturing Hub” and help the region to compete against those in other states. The nonprofit released a regional biomanufacturing strategy on Tuesday. MBI wants to see the state get involved in such areas as building regional talent and incentivizing large-scale […]
By Joanne Drilling As the Covid-19 comeback continues for downtowns, much of the attention has been focused on the return to the office — or the lack thereof in many cities. But new data suggests the key to a strong downtown recovery may lie beyond the office. That’s according to the latest research by University of […]
By Norah Mulinda The stock market’s worst group notched its best day of the year as a cooler-than-expected inflation report stoked bets that the Federal Reserve will start cutting interest rates in September. Shares of real estate companies jumped 2.7% Thursday for their biggest gain of 2024, climbing to their highest level since March as investors snapped up homebuilder, digital and commercial […]
By Lucia Maffei Women are increasingly joining the ranks of angel investors, and now make up almost half of angel investors nationwide, according to a new report. Last year, women angels represented 46.7% of the angel market, marking the third year in a row of increased participation. Women angels accounted for 39.5% of the market in […]
By Hannah Green Venture capital funding to life sciences companies appears to be rebounding nationally after a few down years, according to new data from Pitchbook and the National Venture Capital Association. But that’s not the case among Massachusetts life sciences companies. Nationally, life sciences companies brought in $19.3 billion in the first six months of 2024. Last […]
By Lucia Maffei Shares of HubSpot Inc. plunged in Wednesday afternoon trading after Bloomberg reported that Google parent company Alphabet put the brakes on its rumored acquisition of the Cambridge-based marketing firm. On Wednesday HubSpot’s stock (NYSE: HUBS) closed down 12.22%, giving the company a market capitalization of $25.06 billion. When rumors of a potential deal first emerged in April, the markets were valuing […]
Boston, MA The Chiofaro Company has commenced on Phase II of the $100 million reinvestment and reimagination of International Place – a 1.8 million s/f office property. A beloved landmark on the city’s skyline, International Place has long been touted for its innovative expression and distinctive architecture. International Place reflects the diversity of industries and tenant […]
By Hannah Green Eli Lilly and Co. is buying a Waltham biotech in a deal valued at around $3.2 billion. The startup being acquired is Morphic Holding Inc. (NASDAQ: MORF), a Waltham company working on treatments for chronic diseases such as types of inflammatory bowel disease. Indianapolis-based Lilly (NYSE: LLY) plans to acquire all outstanding shares of […]
