Posts by ericg
Cambridge restaurant building heads to foreclosure auction
A small commercial building in Cambridge is headed for foreclosure auction, but its location near a popular business incubator and recent zoning changes could make it an attractive redevelopment opportunity. Read More
Read MoreEdtech giant Cengage Group closes offices in Boston, Detroit and Cincinnati
Cengage Group, a $1.5 billion edtech company, is closing offices in Boston, Cincinnati and Detroit to go fully remote. Read More
Read MoreLaw firm inks 200,000-square-foot Boston lease renewal
WilmerHale has renewed its downtown Boston office lease for 201,000 square feet, the latest in a series of larger leases that real estate industry watchers see as a sign of a potential market turnaround. Read More
Read MoreEastern Bank completes merger with HarborOne
Eastern Bank has completed its third acquisition in five years as it remains in the crosshairs of an activist investor that says it has acquired too many banks too quickly. Read More
Read MorePhase 3 Real Estate expands Boston portfolio with purchase of empty Kendall Square lab
A recently completed lab building in Cambridge has yet to find a tenant, but it has found a buyer. A $25 million deal puts it in the hands of a company with other area lab holdings. Read More
Read MoreOffice REIT enters bankruptcy protection
The restructuring plan for this real estate investment trust involves converting $1 billion of its debt to equity, potentially reshaping its financial future. Read More
Read MoreBay State lags in manufacturing jobs despite national demand
More than 400,000 jobs are open in manufacturing nationwide. Here’s why Mass. manufacturing jobs remain unfilled. Read More
Read MoreHarwich developer tackles housing crisis by repurposing 19th-century landmarks
A Cape Cod developer plans to restore an 1897 church and find modern uses. He’s already found success next door, building apartments in an 1870s schoolhouse. Read More
Read MoreNational Development honored for nonprofit work amid leadership transition and strategic shift
A Newton-based real estate firm is being honored for its philanthropic efforts spanning four decades, even as it undergoes a leadership change and a pivot in its business focus. Read More
Read MoreCerence AI settles patent battle with Samsung, receives $49.5M payout
The Burlington tech company first filed a lawsuit against Samsung in 2023, claiming that Cerence’s patent-protected technologies were used in Samsung Galaxy mobile devices. Read More
Read More