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September 1, 2022

Boston's Biomanufacturing Boom Spreading Across State: MassBio Report

WS Development Discusses Amazon's New 17-story Seaport Office Tower Sept. 15

As the life sciences industry continues to spread out from Boston, a wave of new biomanufacturing projects is coming to the Route 128, central and western Massachusetts areas. 

Boston's Biomanufacturing Boom Spreading Across State: MassBio Report

More than 1.7M SF of good manufacturing practices space is in the construction pipeline, with those projects being almost entirely outside of Boston and Cambridge, according to MassBio's 2022 Industry Snapshot. The report from the trade association, released Tuesday, found that as R&D space has boomed, there has been a steady increase…

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3 Developers Submit Proposals For BPDA-Owned Site In Seaport

3 Developers Submit Proposals For BPDA-Owned Site In Seaport

Three development teams have filed competing proposals for a city-owned site in the Seaport that once housed a seafood processing facility. The Boston Planning & Development Agency offered up the 1.1-acre Parcel U at 7 Channel St., calling for commercial uses other than hotel or residential. The three proposals are focused primarily…

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Alexandria Pulls Out Of 600K SF California Project, Takes $30M Loss

Alexandria Pulls Out Of 600K SF California Project, Takes $30M Loss

Life sciences development giant Alexandria Real Estate Equities pulled out of a 600K SF development project in California, taking a $30M loss in the process, the company disclosed in a regulatory filing.The Pasadena, California-based real estate investment trust filed a notice with the Securities and Exchange Commission Wednesday, indicating that a site…

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FTC Suit Alleges Roomster App Made $27M Through Fraudulent Reviews, Listings

FTC Suit Alleges Roomster App Made $27M Through Fraudulent Reviews, Listings  

The Federal Trade Commission filed a lawsuit against an app that purports to list apartments for rent, alleging the app had fraudulent listings and paid for fake reviews. The suit, which was joined by attorneys general from six states, including New York Attorney General >

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Leisure Travelers Spur Hotel Recovery, But Recession Threat Looms

Business travel might still be a shadow of its pre-pandemic self, but that hasn't kept hospitality from enjoying a fairly strong recovery this year, and going into the Labor Day weekend, leisure travelers are poised to continue to support the revived industry.

Still, with a recession looming, hotels aren't guaranteed a continued recovery.

"A recession is on everyone's radar right now," JLL Managing Director, National Practice Lead-Hotels & Hospitality Charlotte Kang said. "Especially with the interest rates rising and inflation high."

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