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BUSINESS NEWS

Outdoor dining scene with new Boston restaurants

New Culinary Hotspots Transform Greater Boston Dining

July 11, 2025

News Summary Greater Boston’s dining scene is rapidly evolving with a surge in new restaurant openings. Each week introduces innovative eateries in various neighborhoods, enriching the local culinary landscape. From...

Couples enjoying a romantic moment at Manchester-Boston Regional Airport

Manchester-Boston Regional Airport Ranked 45th Most Romantic in U.S.

July 10, 2025

News Summary Manchester-Boston Regional Airport has been recognized as the 45th most romantic airport in the U.S., showcasing a shift in perception toward airports as places for romance. A recent...

Assorted baked goods in a Boston bakery including pastries and bread

Boston’s Bakery Scene Redefines Culinary Landscape

July 10, 2025

News Summary Boston’s bakery scene is thriving with innovative establishments offering diverse baked goods that blend tradition and modern tastes. A recent report highlights 15 exceptional bakeries featuring unique items...

A lively outdoor dining atmosphere showcasing various cuisines in Boston.

New Dining Experiences Set to Open in Greater Boston

July 4, 2025

News Summary Greater Boston is preparing for an exciting culinary transformation as numerous new restaurants and dining concepts are scheduled to open by 2025. From Caribbean flavors at Gourmet Kreyol...

Interior of a matchmaking service office with diverse individuals engaging in discussions.

Revival of Matchmaking Services Inspired by Film ‘Materialists’

July 4, 2025

News Summary The new film ‘Materialists’ has ignited interest in matchmaking services across the U.S., especially in Boston. Following the film’s release, local matchmakers have seen a surge in inquiries....

Diners enjoying food at new restaurants in Boston

New Dining Experiences Launch Across Greater Boston

July 3, 2025

News Summary This summer, Greater Boston welcomes over twenty new restaurants, showcasing innovative and revamped dining concepts. Highlights include Filipino cuisine at Ube Kafe in Cambridge, charcuterie at The Block...

Biotechnology office environment representing Sage Therapeutics

Sage Therapeutics to Lay Off 338 Employees Following Acquisition

July 2, 2025

News Summary Sage Therapeutics, a biotech company focusing on mental health treatments, will lay off 338 employees after being acquired by Supernus Pharmaceuticals. The layoffs, effective August 22, follow a...

People dining outdoors at a new restaurant in Boston

New Restaurants Set to Open in Boston This Summer

July 2, 2025

News Summary Boston’s culinary scene is poised for a summer refresh with a host of new restaurant openings. From dim sum lounges to rooftop bars, food enthusiasts can look forward...

A busy scene in Harvard Square with diverse businesses and patrons.

Economic Challenges for Harvard Square Businesses Amid Immigration Policy Changes

July 1, 2025

News Summary Businesses in Harvard Square are concerned about declining customer numbers as international student enrollment remains uncertain due to changing immigration policies. Venue owners, including those from the hospitality...

Finance

Job seekers in Boston looking for employment opportunities

Boston Emerges as Top Destination for Former Federal Employees

June 30, 2025

News Summary Boston is rapidly becoming the favored location for over 58,000 federal workers recently laid off, driven by an increasing job market. The city has seen a 60% rise...

Illustration of Boston skyline representing economic challenges

Boston Faces Economic Challenges, Analyzed in New Book

June 18, 2025

News Summary Boston is facing significant economic hurdles as it aims to maintain its global city status, according to James O’Connell’s new book, ‘Boston and the Making of a Global...

View of downtown Boston highlighting office buildings and vacancies

Boston City Council Forms Commission to Tackle Office Vacancies

June 15, 2025

News Summary The Boston City Council has unanimously approved a resolution to create a Blue Ribbon Commission to address the rising office vacancy rates in downtown Boston. Initiated by Councilor...

Boston skyline with office buildings reflecting economic changes

Boston Faces $1.7 Billion Decline in Commercial Property Tax Revenue

June 13, 2025

News Summary A recent study highlights a potential $1.7 billion drop in Boston’s commercial property tax revenue over the next five years, attributed to changing post-pandemic work patterns. The forecasted...

Vertex Pharmaceuticals headquarters in Providence, Rhode Island

Vertex Pharmaceuticals to Lay Off 125 Employees in Rhode Island

June 13, 2025

News Summary Vertex Pharmaceuticals has announced the layoff of 125 employees in Rhode Island due to the discontinuation of its VX-264 program aimed at treating Type 1 diabetes. The layoffs,...

Urban skyline of Boston with commercial properties

Boston Property Owners Face Hidden Tax Penalties

June 10, 2025

News Summary Commercial property owners in Boston are encountering unexpected tax penalties during abatement filings, termed the ‘hidden penalty.’ This trend leads to increased property values and taxes, raising concerns...

Aerial view of Boston showcasing commercial real estate buildings

Boston Commercial Property Owners Face Rising Taxes After Appeals

June 9, 2025

News Summary Commercial property owners in Boston are encountering unexpected tax increases after filing for tax abatements, a trend highlighting rising assessed values contrary to their expectations for tax relief....

Futuristic office representing AI and cryptocurrency innovation

Tom Brady Invests in Boston-Based Crypto Startup Catena Labs

May 21, 2025

News Summary Tom Brady has joined several high-profile investors in funding Catena Labs, a Boston cryptocurrency startup that has secured $18 million in investments. The firm aims to merge AI...

A view of Boston skyline with landmarks in the foreground.

Boston Tourism Faces Significant Decline Amid Economic Concerns

May 18, 2025

News Summary Boston is facing a projected 10% drop in international visitors by 2025 due to economic and diplomatic tensions. This decline reflects a nationwide loss of around $12.5 billion...

CONSTRUCTION

Transformation of office buildings into residential apartments in Boston.

Massachusetts Tackles Housing Shortage with Office Conversions

June 26, 2025

News Summary Massachusetts is addressing a significant housing shortage by converting older office buildings into residential units. With 15 office-to-residential projects proposed or approved in Boston alone, developers aim to...

Proposed zoning changes in Boston's downtown skyline

Mayor Wu Proposes Zoning Changes to Revitalize Boston

June 7, 2025

News Summary Boston is poised for transformation as Mayor Michelle Wu proposes new zoning laws designed to revitalize the downtown area. The proposed changes aim to address high vacancy rates,...

Students in Boston engaged in vocational training at a workshop

Boston’s Shift Towards Vocational Education Amid Rising Costs

June 3, 2025

News Summary Boston is experiencing a notable shift in attitudes towards vocational education as the costs of college rise. With average college graduate salaries peaking at $60,000, skepticism about the...

New Lego U.S. headquarters in Boston with creative office design

Lego Group Opens New U.S. Headquarters in Boston

May 16, 2025

News Summary The Lego Group has officially established its new U.S. headquarters in Boston, moving from Connecticut after 50 years. The new office spans 157,000 square feet and is set...

Conceptual image of the new Medford Square development including housing units and commercial spaces.

Transom Real Estate Wins Bid for Medford Square Development

May 14, 2025

News Summary Transom Real Estate has secured a bid to develop three city-owned parcels in Medford Square, set to include 283 housing units and commercial spaces. The project features a...

Construction site for multifamily housing in Boston

Massachusetts Senate Proposes Tax Suspension for Multihousing Construction

May 11, 2025

News Summary Senate Democrats in Massachusetts are proposing a suspension of the sales tax on construction materials for multifamily housing to increase housing production. The initiative, led by Senator Julian...

Exterior view of the new Rockland Trust headquarters building

Rockland Trust to Consolidate Operations into New Headquarters

May 2, 2025

News Summary Rockland Trust has announced plans to consolidate its operations into a new headquarters at One Technology Place in Rockland by fall 2026. This move will merge several offices...

Aerial view of Boston's skyline featuring new office towers under construction

Boston’s Office Market Faces Challenges Amid New Developments

April 22, 2025

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...

Architectural rendering of a new hotel in Boston's Seaport District

New Hotel Development Planned for Boston’s Seaport District

April 6, 2025

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...

Marketing

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Real Estate

Transformation of office buildings into residential apartments in Boston.

Massachusetts Tackles Housing Shortage with Office Conversions

June 26, 2025

News Summary Massachusetts is addressing a significant housing shortage by converting older office buildings into residential units. With 15 office-to-residential projects proposed or approved in Boston alone, developers aim to...

Zen Easton, 55+ adult living apartment community in Easton, Massachusetts

FPA Multifamily Sells Zen Easton for $33 Million

June 17, 2025

News Summary FPA Multifamily has sold Zen Easton, a 99-unit apartment community for seniors, for $33 million. Located in Queset Commons, Easton, it features various amenities and offers apartment configurations...

Group of international students shopping in Boston's luxury district

International Students Fuel Boston’s Luxury Market Growth

June 17, 2025

News Summary The influx of international students has bolstered Boston’s luxury market significantly. Retailers like Bulgari report increased sales, especially among wealthy students from cities like Shanghai. The economic contribution...

View of downtown Boston highlighting office buildings and vacancies

Boston City Council Forms Commission to Tackle Office Vacancies

June 15, 2025

News Summary The Boston City Council has unanimously approved a resolution to create a Blue Ribbon Commission to address the rising office vacancy rates in downtown Boston. Initiated by Councilor...

A state-of-the-art laboratory facility in Boston for life sciences research.

Boston’s Life Sciences Market Faces Vacancy Spike

June 14, 2025

News Summary The Greater Boston life sciences sector is experiencing a significant shift as the lab vacancy rate reached 25%, up from nearly zero in 2022. This increase is mainly...

Boston skyline with office buildings reflecting economic changes

Boston Faces $1.7 Billion Decline in Commercial Property Tax Revenue

June 13, 2025

News Summary A recent study highlights a potential $1.7 billion drop in Boston’s commercial property tax revenue over the next five years, attributed to changing post-pandemic work patterns. The forecasted...

Conceptual image of a mixed-use development in Needham with housing, medical offices, and a hotel.

Bulfinch Cos. Proposes Mixed-Use Development in Needham

June 12, 2025

News Summary Bulfinch Cos. aims to revise its development plans for the former Muzi Ford site in Needham, shifting from a life sciences complex to a mixed-use project. The new...

Urban skyline of Boston with commercial properties

Boston Property Owners Face Hidden Tax Penalties

June 10, 2025

News Summary Commercial property owners in Boston are encountering unexpected tax penalties during abatement filings, termed the ‘hidden penalty.’ This trend leads to increased property values and taxes, raising concerns...

Aerial view of Boston showcasing commercial real estate buildings

Boston Commercial Property Owners Face Rising Taxes After Appeals

June 9, 2025

News Summary Commercial property owners in Boston are encountering unexpected tax increases after filing for tax abatements, a trend highlighting rising assessed values contrary to their expectations for tax relief....

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