Healey administration pursues new blueprint for a dominant AI sector: ‘AI for X’
The strategy is part of the administration's new draft plan for the state's economic development, which also touches on the workforce as well as industries like life sciences and climatetech.
Equity Bancshares will buy Missouri-based bank for $44 million
Equity Bank, with a sizable presence in Kansas City, extends its reach deeper into Missouri. The Wichita-based bank also announced the repositioning of its bond portfolio. Equity Bank said the acquisition and the bond portfolio moves would benefit earnings.
SVB Financial Group’s investment bank subsidiary opens 1st Florida office in Miami
The new office marks the Boston-based company’s sixth location in the U.S.
Automation, interest rates among considerations for Seattle businesses planning for 2024
Throughout 2023, Seattle’s business owners have faced many challenges, from 40-year inflation highs to tight labor markets and fears of a potential recession. Yet, many CEOs in the Puget Sound region remain optimistic about their own company’s performance.
In JPMorgan Chase’s 2023 Midyear Business Leaders Outlook survey, business leaders nationwide were pessimistic or neutral in their economic outlooks. In fact, only 15% said they are optimistic about the global economy and fewer than 3 in…
KeyBank’s eastern Pennsylvania market president departs, replaced by local retail head
Youseff Tannous will continue to lead retail efforts in the Philadelphia region and Lehigh Valley for Cleveland-based KeyBank. It is searching for a new leader of commercial banking.
Michael Baker International taps PJ Dick exec to lead Pittsburgh office
Michael Baker International, a global engineering, planning and consulting firm that is based in Moon Township, announced that it has appointed a new Pittsburgh office executive to lead local operations.
Auto service company acquires Bessemer distribution center
The industrial facility formerly housed CVS operations.
Upscale restaurants Estiatorio Milos, Kyu and Sushi Noz set California debuts in Century Plaza
The restaurants are targeting space in the six-acre, $2 billion-plus development in L.A.’s Century City.
CBRE brokers look to better 2024 market, but high costs beleaguer every sector
As 2023 nears its end, CBRE brokers across commercial real estate sectors made note of higher costs in pretty much everything — but with varying effects on those sectors' trajectory in the new year.
Boston investor Eaton Vance Management buys uptown Charlotte apartments near future med school
Boston-based Eaton Vance Management acquired an uptown Charlotte apartment property in November for more than $65 million.