Business

Steph Solis
Jan 25, 2023 - Business

Lego is coming to Boston

Inside the lobby of Lego's education office in Boston is a life-size yellow minifigure made up of thousands of tiny yellow legos, to the left of the glass doors.

Lego’s education office in Boston. Photo courtesy: The Lego Group

It’s official. The Lego Group plans to move its U.S. headquarters to Boston by 2026.

Catch up fast: Lego announced yesterday plans to find a space here and move more than one-quarter of its U.S. workforce.

Mike Deehan
Jan 23, 2023 - Business

The worst part of ski season: Logan

Dismay at Logan over the holidays. Photo: Joseph Prezioso/Getty Images

Logan turns into the worst major airport in the country when winter comes, according to Hopper. The travel agency ranked the airports that see the most flights delayed or canceled because of seasonal weather.

By the numbers: 14.2% of Logan flights are disrupted by winter weather between December and the end of February.

Mike Deehan
Jan 23, 2023 - Business

Inflation cools, but not Bostonians' heat bills

Illustration of a dollar folded into an arrow, separating color blocks of green and gray, with elements of ballots behind it.

Illustration: Brendan Lynch/Axios

Inflation began to slow in Boston through the fall of 2022, but rising fuel costs will likely make this winter pricey for New Englanders.

Driving the news: Prices in the Boston area increased only 0.6% in October and November of last year, according to the Bureau of Labor Statistics.

Mike Deehan
Jan 13, 2023 - Business

Boston commercial vacancies at their highest in over a decade

Illustration of an office chair neon sign with the word vacancy flashing next to it

Illustration: Sarah Grillo/Axios

An uncertain economy is fueling the highest commercial real estate vacancy rate in Boston in over a decade, according to several of the city's top brokers.

Driving the news: Commercial vacancies were over 15% in Boston and the asking price of rents fell 1.1% in the fourth quarter of 2022, brokerage firm JLL reported last week.

East End Books Boston open for the holidays in Seaport District

The store during its construction this summer. Photo courtesy of Jeff Peters

After months of anticipation, East End Books Boston opened its doors in the Seaport District at 11am Saturday.

What's happening: The bookstore, a Boston outpost for the Provincetown-based East End Books, is starting with a soft opening during the holidays before closing to complete the build-out, according to the company's email newsletter.

Steph Solis
Dec 6, 2022 - Business

A Boston lab experiment in space

Illustration of a hundred dollar bill with Ben Franklin wearing an astronaut helmet.

Illustration: Shoshana Gordon/Axios

An early-stage Boston biotech company is preparing to send a lab experiment to space in hopes of improving treatment for osteoarthritis and other diseases.

What's happening: Eascra Biotech, working with the University of Connecticut and Houston-based space infrastructure developer Axiom Space, plans to observe astronauts at the International Space Station as they develop the company's nanomaterials.

Steph Solis
Nov 18, 2022 - Business

Energy supplier boosts Boston's electric-powered heating push

Vicinity executives walk beside Boston Mayor Michelle Wu, all of them wearing white hard hats, as they head into the company's Cambridge steam plant.

Vicinity Energy CEO Bill DiCroce, center left, speaks with Boston Mayor Michelle Wu, center right, as they head into the Kendall Square energy station. Photo: Steph Solis/Axios

The push to wean Boston's commercial buildings off fossil fuels reached another milestone this week.

What's happening: Boston-based energy supplier Vicinity Energy pushes steam through a century-old network of underground pipes beneath Boston and Cambridge to heat buildings across 70 million square feet.

Steph Solis
Nov 17, 2022 - Business

Boston-based ezCater still eyeing 2023 IPO

Stefania Mallett, CEO of corporate food startup ezCater, poses for a headshot wearing a blue blazer as she stands in front of a white background.

ezCater CEO Stefania Mallett. Photo courtesy of ezCater

Boston-based ezCater, an online catering marketplace geared toward employers, is still planning on a 2023 IPO, CEO Stefania Mallett tells Axios.

Why it matters: ezCater, which launched in 2007, is a case study in pandemic-era pivots, rebounding from an 85% revenue drop in one week in March 2020 that led to massive layoffs.

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