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WASHINGTON, DC—Artificial intelligence is one intriguing possibility. Unfortunately many companies are not taking the obvious route of good old fashion preparation.
DETROIT—The CBD has seen a lot of development in the last four years, and the company believes it's time for that activity to spread north to the historic New Center neighborhood.
JERSEY CITY, NJ—Mayor Steven M. Fulop and other Jersey City officials helped usher in the start of leasing at The One, the new 36-story luxury residential tower in the heart of Jersey City's burgeoning Powerhouse Arts District.
PHILADELPHIA, PA—Berkadia provided an $80.4 million loan to Castle Rock Equity Group for its acquisition of ICON 1616, a historic, luxury, multifamily property located at 1616 Walnut Street in Philadelphia.
BOSTON—A critical component to the success of a start-up or fledgling technology or biotech company is access to capital. For many, venture capital sources sometimes determine the pace of growth for many of these companies. In the first quarter of this year, more than $1.35 billion in venture capital financing found its way to Boston area companies.
NEW YORK CITY—The prolific firm is expected to nearly double its money with the impending sale of a Fifth Avenue piece of land that will provide the buyer with 300,000 square feet of space.
CAMBRIDGE, England—Two American firms, BioMed and Illumina, are planning a state-of-the-art building within the scientific research campus Granta Park; it will serve at Illumina's European headquarters.