Vacancy rates for life science space are at record highs, and a few firms are capitalizing on the downturn.

The region’s core cluster vacancy rate is a record 31.2%, up from 20.4% a year ago, according to a report by commercial real estate firm Jones Lang LaSalle. Vying to fill vacant buildings, landlords are offering incentives like free ...Read more

NEW ULM, Minnesota – Leaders in this southern Minnesota city, famous for its German heritage, have adopted a new philosophy to combat its housing crisis: saying “ja.”

Over the past few months, the City Council in this town of about 14,000 has approved a flurry of housing projects, including nearly two-dozen shed houses in an industrial ...Read more

CHICAGO — The remaking of North Michigan Avenue will take another step forward next year with the opening of a new two-story Chase/J.P. Morgan banking center in a former clothing store across from the Water Tower.

The high-traffic retail location at 830 N. Michigan Ave. will feature a Chase branch at street level and a J.P. Morgan Financial ...Read more

Two top trans-Atlantic shippers are moving their cargoes to Philadelphia-area terminals, boosting longshore and trucking jobs, and ending Baltimore port calls as work drags on replacing the Key Bridge whose collapse 21 months ago crippled ship traffic to that city’s harbor.

A.P. Moller-Maersk, based in Denmark, and German-based Hapag-Lloyd AG...Read more

Seattle-based Rad Power Bikes, a pioneer in mass-market e-bikes, filed for bankruptcy protection earlier this week as it continues to look for a buyer amid falling sales and massive debt.

Court documents show the 18-year-old company owes nearly $73 million to dozens of creditors, including the federal agency that collects tariffs, but has only ...Read more

Trump Media & Technology Group Corp., the company behind Truth Social, is getting into nuclear fusion.

The company said Thursday it will merge with TAE Technologies Inc., a closely held fusion developer founded in 1998, in a transaction valued at more than $6 billion. Shareholders of each company will own about 50% of the combined business ...Read more

Average rents in San Diego County have fallen for six straight months and have reached a milestone not seen since in 15 years.

Rents are down 0.3% year-over-year to an average $2,520 per month in early December, said real estate tracker CoStar. San Diego County has not seen average rent decline on an annual basis since the end of 2010.

Of ...Read more

Picture this: A sandy, 25-mile stretch of beach, just a three-hour drive from Miami but devoid of grocery stores or gas stations, restaurants, bars or hotels. Instead, sea turtles nest on the beach, their hatchlings’ sense of orientation protected by dark-sky rules and by long-term residents who know to handle them with care on their extensive...Read more

U.S. stocks sank for a fourth straight day as weakness in AI-related stocks outweighed investor optimism about the potential for additional interest-rate cuts from the Federal Reserve.

The S&P 500 Index dropped 1.2% Wednesday, for its longest losing streak in a month, and fell below its average over the last 50 days, a key technical level. ...Read more

A pair of blue and yellow earplugs dangle on Jose's neck while waiting for work as a day laborer out of the Home Depot in Cypress Park.

They've been a necessity for laborers in the area since late November, when Home Depot installed three machines in the parking lot that emit a high-pitched tone. The noise, typically kept on all day, is a ...Read more

In a move that significantly expands its footprint in the mortgage servicing landscape, Pontiac, Michigan-based United Wholesale Mortgage Holdings Corp. said Wednesday it would acquire Two Harbors Investment Corp. in an all-stock deal valued at $1.3 billion.

The merger combines United Wholesale Mortgage with Two Harbors, a real estate ...Read more

The architect behind Delta Air Lines’ global network and its push to be a “premium” airline is retiring.

Delta’s president of nearly a decade, Glen Hauenstein, is stepping down Feb. 28, the company announced Wednesday.

A new president is not being named.

Instead, 35-year Delta veteran and Senior Vice President Joe Esposito will take ...Read more

JBS needed workers.

It was 2023, and the meat-processing giant headquartered in Greeley had just endured a tumultuous stretch.

The plant became one of Colorado’s hotspots during the COVID-19 pandemic, with the virus responsible for the deaths of at least seven workers. Many laborers left the company as a result. The ones who stayed demanded ...Read more

Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future.

Two robots picked up T-shirts with orange-tipped claws, then neatly folded and piled them. A cute companion robot with bright eyes used its mechanical hands to make a heart. A small robot wearing a bear hat threw punches and a blue-green robot, ...Read more

Hormel is essentially synonymous with pork, namely sizzling breakfast meats and the infamous canned ham Spam.

The Austin, Minnesota-based Fortune 500 company has only broadened its protein offerings in recent years, adding convenient deli option Columbus Craft Meats, healthy ground turkey and snack staple Planters nuts.

In an era of protein-...Read more

Major U.S. retailers, including Walmart and Minneapolis-based Target, have been hit with warning letters from the U.S. Food and Drug Administration for continuing to sell baby formula that was recalled amid a widespread outbreak of infant botulism.

In one case, regulators said a Target store in Arkansas was offering a discount on ByHeart Whole ...Read more

Tesla Inc.’s car sales in California are poised to be suspended for 30 days over marketing practices that allegedly mislead consumers about the automated-driving capabilities of its vehicles.

The California Department of Motor Vehicles said Tuesday the suspension won’t take effect for 90 days to give Tesla time to appeal or come into ...Read more

Warner Bros. Discovery has sharply rejected Paramount’s hostile offer, alleging the $108-billion deal carries substantial risks because the Larry Ellison family has failed to put real money behind its bid for Warner’s legendary movie studio, HBO and CNN.

Paramount “has consistently misled WBD shareholders that its proposed transaction has...Read more

SpaceX has transformed the aerospace industry with its reusable rockets — radically lowering the cost of lifting satellites into space while bringing internet service to all corners of the globe with its Starlink network.

Now, Elon Musk's privately held company is eyeing what could be the largest initial public offering ever as it faces ...Read more