Boston Business News
BUSINESS NEWS
The Godfrey Hotel Boston Ranks Among America’s Best Hotels
News Summary The Godfrey Hotel Boston has been recognized as one of the top hotels in the U.S., securing the sixth position in Tripadvisor’s Travelers’ Choice Awards for ‘Best of...
New Dining Options in Boston Show Culinary Diversity
News Summary In April 2025, Boston’s dining scene has expanded with new establishments offering a mix of culinary traditions. Notable openings include a Thai cocktail bar, a Nepali restaurant, and...
Eastern Bank to Acquire HarborOne Bank for $490 Million
News Summary Eastern Bank has announced its acquisition of HarborOne Bank for $490 million, aimed at expanding its presence in the Boston metro area. This strategic merger allows HarborOne shareholders...
Brookline Says Goodbye to La Voile After Ten Years
News Summary Brookline bids farewell to La Voile, the beloved French brasserie that has delighted locals for a decade. Though the Brookline location has closed, La Voile’s Newbury Street restaurant...
Boston Celebrates 250 Years Since the American Revolution
News Summary On April 19, 2025, Boston will commemorate the 250th anniversary of the American Revolution, reflecting on its historical significance and planned celebrations. Events will include reenactments, documentary screenings,...
Boston’s Real Estate Trends: A Look at 2025
News Summary As we venture into 2025, Boston’s real estate landscape remains dynamic. This article explores insights from local experts, Connor Gillen and Jackie Crawford-Ross, on current market trends, challenges,...
Eastern Bankshares to Acquire HarborOne Bancorp
News Summary Eastern Bankshares Inc. has announced its intention to acquire HarborOne Bancorp Inc. for approximately $490 million. The merger will significantly boost Eastern Bank’s assets and locations, enhancing community...
Boston Braces for Job Cuts as Ono Pharma Plans Layoffs
News Summary Ono Pharma is set to lay off 83 employees at its Cambridge headquarters by June 30. This decision follows economic challenges in the biopharmaceutical industry, despite recent successes...
Bertucci’s Files for Bankruptcy Again, Shutting Down Locations
News Summary Bertucci’s Italian Restaurant chain has filed for Chapter 11 bankruptcy, marking its third filing in seven years. With debts estimated between $10 million and $50 million, the company...
Finance
Eastern Bank to Acquire HarborOne Bank for $490 Million
News Summary Eastern Bank has announced its acquisition of HarborOne Bank for $490 million, aimed at expanding its presence in the Boston metro area. This strategic merger allows HarborOne shareholders...
Eastern Bankshares to Acquire HarborOne Bancorp
News Summary Eastern Bankshares Inc. has announced its intention to acquire HarborOne Bancorp Inc. for approximately $490 million. The merger will significantly boost Eastern Bank’s assets and locations, enhancing community...
Bertucci’s Files for Bankruptcy Again, Shutting Down Locations
News Summary Bertucci’s Italian Restaurant chain has filed for Chapter 11 bankruptcy, marking its third filing in seven years. With debts estimated between $10 million and $50 million, the company...
Hasbro Delays Headquarters Relocation Decision to Summer
News Summary Hasbro Inc. has postponed its headquarters relocation decision, with an announcement now expected in the summer instead of late winter. The company, currently based in Pawtucket, Rhode Island,...
Boston’s One Lincoln Office Tower Sold for $400 Million
News Summary One Lincoln, a prominent 36-story office tower in downtown Boston, has been auctioned off for $400 million in a foreclosure sale. The sale marks a significant decrease from...
Boston’s One Lincoln St. Sells for $400 Million at Auction
News Summary In an unusual auction held on the sidewalk, Boston’s One Lincoln St. building was sold for $400 million, significantly lower than its previous mortgage value of $763 million....
Massachusetts Faces Job Cuts as Brightcove Lays Off Employees
News Summary Boston-based Brightcove, a prominent video streaming company, is set to lay off two-thirds of its U.S. workforce, affecting 198 employees, including 65 in Massachusetts. This decision follows the...
Boston Residents May Soon Breathe Easier with Proposed Change to Broker Fees
News Summary Governor Maura Healey has unveiled a proposal in her 2026 budget to eliminate renter-paid broker fees in Massachusetts. This initiative aims to alleviate the financial burden on renters,...
Brightcove Announces Major Layoffs Post Acquisition
News Summary Brightcove Inc., a leading video content cloud platform headquartered in Boston, is set to lay off 198 employees following its acquisition by Bending Spoons. The $233 million all-cash...
CONSTRUCTION
Boston’s Office Market Faces Challenges Amid New Developments
News Summary Boston’s office market is undergoing significant changes as two major projects, South Station Tower and 10 World Trade, prepare for completion. Despite the introduction of over 900,000 square...
New Hotel Development Planned for Boston’s Seaport District
News Summary Developers have submitted plans for a new 15-story hotel in Boston’s Seaport District. The hotel will add 438 rooms, enhancing accommodation near the BCEC. This development aims to...
New Proposal to Revive Historic Alexandra Hotel in Boston
News Summary A new proposal has been introduced to revitalize the long-vacant Alexandra Hotel in Boston, aiming to restore its Victorian Gothic charm. After multiple failed attempts and challenges from...
Boston Set to Expand Its Hospitality Horizons with New Hotel Proposal
News Summary The Boston Planning Department is reviewing a proposal for a new 438-room hotel by DGH Hotel Partners, located at 391 D Street next to the BCEC. This development...
Boston’s Office Market Shows Resilience Amid Rising Vacancies
News Summary Despite a significant increase in vacancy rates to 17.1%, Boston’s office market continues to thrive with rising rents averaging $47 per square foot. While the national vacancy rate...
Developments Reshaping Real Estate in Boston’s South Shore
News Summary Boston’s South Shore real estate is experiencing transformative changes with significant multifamily developments and rising home prices. Projects like Hall Street Flats are drawing attention, alongside increased interest...
Boston Life Sciences Real Estate Market in Turmoil
News Summary Boston’s life sciences real estate market is facing significant turmoil with a drastic increase in vacancy rates, climbing to 26.9%. The market, seeing over one million square feet...
Hasbro Considers Moving Headquarters from Pawtucket to Boston
News Summary Hasbro, the renowned toy company, is weighing the possibility of relocating its headquarters from Pawtucket, Rhode Island, to a new site on Boston’s waterfront. With its current headquarters...
Marketing
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Real Estate
Boston’s Real Estate Trends: A Look at 2025
News Summary As we venture into 2025, Boston’s real estate landscape remains dynamic. This article explores insights from local experts, Connor Gillen and Jackie Crawford-Ross, on current market trends, challenges,...
The Changing Face of Boston’s Commercial Real Estate Market
News Summary Boston’s commercial real estate market is undergoing significant changes, exemplified by Synergy’s recent $227 million acquisition of the 32-story office tower at 99 High Street. This sale notably...
Hasbro Delays Headquarters Relocation Decision to Summer
News Summary Hasbro Inc. has postponed its headquarters relocation decision, with an announcement now expected in the summer instead of late winter. The company, currently based in Pawtucket, Rhode Island,...
Exploring Massachusetts’ Diverse Real Estate Market
News Summary Massachusetts boasts a varied real estate market, offering homes from charming Capes to luxurious condos. In cities like Abington, Acton, and Boston, options suit every taste and budget,...
New Hotel Development Planned for Boston’s Seaport District
News Summary Developers have submitted plans for a new 15-story hotel in Boston’s Seaport District. The hotel will add 438 rooms, enhancing accommodation near the BCEC. This development aims to...
New Proposal to Revive Historic Alexandra Hotel in Boston
News Summary A new proposal has been introduced to revitalize the long-vacant Alexandra Hotel in Boston, aiming to restore its Victorian Gothic charm. After multiple failed attempts and challenges from...
Boston Set to Expand Its Hospitality Horizons with New Hotel Proposal
News Summary The Boston Planning Department is reviewing a proposal for a new 438-room hotel by DGH Hotel Partners, located at 391 D Street next to the BCEC. This development...
Transformation of 399 Washington Street in Boston
News Summary The historic 399 Washington Street in Boston, once home to a Barnes & Noble, is set for a significant transformation after being vacant since 2006. New owners Hudson...
Boston’s Office Market Shows Resilience Amid Rising Vacancies
News Summary Despite a significant increase in vacancy rates to 17.1%, Boston’s office market continues to thrive with rising rents averaging $47 per square foot. While the national vacancy rate...
