Bussiness

Boston’s biggest office towers to lose a total of $450M in value

Boston’s 20 largest office buildings are poised to lose a collective $450 million in assessed value this fiscal year, as post-pandemic workplace changes continue to challenge landlords. The city’s Assessing Department released preliminary property assessments this week for fiscal year...

Workers are burned out, and one group of employees is feeling it most

The last few years haven’t exactly been stress-free, and it's left a majority of frontline workers with a sense of burnout. New research from workforce-management company UKG and consultancy Workplace Intelligence shows that 75% of nearly 13,000 frontline workers from...

Paper Store rolling out new concept at some Massachusetts locations

The Paper Store has already grown far beyond its roots dating back six decades as a newspaper and magazine shop in Maynard. Now, the store known for a wide assortment of products — from toys to home decor to...

Mayor Michelle Wu says Boston commercial tax rate hike needed following COVID pandemic

BOSTON – Boston Mayor Michelle Wu reached an agreement with business leaders last week on a temporary tax rate increase on commercial properties. But those same business leaders voiced frustration that Wu was not open to cutting the city's...

City, Boston business groups reach deal on property tax fix, Wu says

With her existing proposal hung up on Beacon Hill, Boston Mayor Michelle Wu said Wednesday that she's sending a new proposal to the State House that she believes will "stabilize property taxes and protect homeowners and renters from a...

Mass. cannabis businesses surrendering licenses at an alarming rate

The rate at which cannabis businesses are surrendering licenses has picked up rapidly in the past year as the industry faces economic and regulatory headwinds. Since last September, four retail licenses have been either surrendered, not renewed or revoked. In...

Largest MBTA Communities project in Mass. proposed off I-495

ZOM Living is pursuing a plan to build 530 apartments on what is now an industrial site in Westford, the largest project under the MBTA Communities zoning law to date statewide. The project’s scale matches Westford’s openness to the law....

Boston Hilton hotel worker strikes poised to stretch through holiday weekend

The strikes by hotel workers at two Hilton hotel properties in Boston have entered their sixth day, and are poised to continue into the holiday weekend. Almost 600 workers at the Hilton Boston Park Plaza in Back Bay and the...

Amazon years away from moving into new Seaport tower

Amazon.com Inc. does not plan to move employees into a new Seaport District tower until 2027, even though work on the building’s core and shell are now complete. The tech company agreed in early 2021 to take 630,000 square feet...

Hotel workers threaten ‘all-out strike’ in Boston on Friday

The union representing some 4,000 workers at nearly three dozen Boston-area hotels is threatening an “all-out strike” if the owners of those hotels don’t meet their demands by Friday. The local union, Unite Here Local 26, said Tuesday that ever...

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Holiday travel troubles after snowstorm in New England

The snow has stopped but we are still seeing the lingering impact of it at Logan airport on Saturday...