Boston Properties, City of Cambridge to Create More Office & Residential Units
Boston Properties and the City of Cambridge are teaming up to reexamine local zoning codes in hopes of building new office and residential units in Kendall Square. It's reported the tandem is looking to construct "600,000 square feet of office space and 400,000 square feet of multifamily property." – Boston Business Journal
Will EMC buy out VMware?
An activist shareholder in EMC has been pressuring the company to sell off its 80-percent stake in VMware as a way to boost its share price. But Hopkinton-based EMC (NYSE: EMC) could soon go in the other direction, by buying out the remaining shares that it doesn’t own in VMware (VMW), according to a Re/code report. The move would lead to a savings on operating costs and “also give EMC the full benefit of VMware’s earnings, meaning it would no longer have to reduce the amount it reports every quarter to account for the stake,” according to Re/code. — Kyle Alspach
The Rockport Company Acquired, Forms The Rockport Group
The comfort footwear arena has changed dramatically, with today announcement that two industry leading companies, Drydock Footwear Group and The Rockport Company, joined forces. According to Business Wire, Drydock Footwear Group acquired The Rockport Company to become The Rockport Group. The company will maintain its local roots with headquarters in Canton. CEO Bob Infantino comes to Rockport after more than 30 years away and sets sites on a continued "commitment to innovation." - Kathryn Orticerio
Real Estate Porn: A Penthouse Apartment in the Heart of Chinatown
You can live in the thick of all this action – that is, if your bank account is cushy enough to support it – at The Kensington, which opened last August. One of Boston's more luxurious living options in what's quickly becoming the most expensive neighborhood to rent in, The Kensington is a 27-story complex located at 665 Washington Street with penthouses available. >>> Read more on BostInno – Nick DeLuca
Boston Tech Rallies Around Former HubSpot CMO Mike Volpe
The Boston tech community has been up in arms since Wednesday night, when HubSpot (NYSE:HUBS) announced it had terminated longtime CMO Mike Volpe for violating its code of business conduct and ethics by way of his attempts to obtain a draft manuscript of a book involving the inbound software company. The book in question? Dan Lyons’ forthcoming memoir—“Disrupted: My Misadventure in the Startup Bubble”—which is about his experience working at the orange sprocket, and which the author himself has described as "scathing." >>> Read more on BostInno – Rebecca Strong
DraftKings Is Doubling Its Fantasy Football Top Prize
In terms of the fantasy football announcement, the total prize money increased to a whopping $10 million for all winners. For first place, the winnings double from $1 million in the 2014 season to $2 million this season. The announced competition is only slated for week one, and it's unknown if the prize money will remain at that level throughout the season. >>> Read more on BostInno – Hayden Bird
The Big One: Boston Has a New Generation of Angel Investors; Here They Are
Iin about 2009, times changed. Paul Graham slammed the door on Cambridge, Techstars arrived and a new generation of angel investors started to emerge. Unlike many of the first generation, these people weren't retired; they were running their own startups--probably a second or third company after one or two successful exits--and making angel investments on the side. >>> Read more on BostInno – Galen Moore
