Black Wall Street | Hospital CEO pay | BXP eyes Lexington

Welcome to the BBJ's LinkedIn Weekly Edition! I'm Managing Editor Don Seiffert trying to comprehend the new evidence that the thing that crashed into Earth 66 million years ago and killed all the dinosaurs was an asteroid, and not a comet. Also, why it's called the "Chicxulub impactor." Meanwhile, below is the business knowledge you need this week.

What do we mean by 'Black Wall Street'?

Boston Celtics star Jaylen Brown signed the richest contract in NBA history more than a year ago, and was asked what he planned to do with his five-year, $304 million contract. 

His response? Take a stab at closing the wealth disparity in Boston with a project to bring a “Black Wall Street” to Boston. We recently asked him what he envisions with that term.

“Black Wall Street reimagined means vibrant and economically viable communities where commerce, art and culture thrive,” Brown said in an email to the BBJ. “But more than a specific place, it’s a way of existing; it’s where creators are growing businesses, jobs and producing intellectual property that pays dividends for their families for decades to come.”

The idea of “Black Wall Street” has a long history, both in and outside of Boston. But what do people really mean when they use it? Trajan Warren delves into the topic for this week’s cover story.

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Here's what else happened this week

The latest hospital executive pay

This week, nonprofit hospitals disclosed executive compensation for the 2023 fiscal year. And despite the recent financial hardships many are facing, many grew total pay over the previous year. Isabel Hart sifts through this week’s filings to get the data.

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Brookline's $7.5M condo

Coolidge Corner in Brookline is a pedestrian’s and commuter’s paradise. Soon, it will also be the home of the most expensive new construction condominium in Brookline’s history: a $7.5 million penthouse duplex with over 4,000 square feet of space. Cindy Bailen gives a virtual tour with renderings of what it will look like.

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Boston Properties eyes Lexington

Lexington has seen a steady drumbeat of multifamily proposals in recent months, after becoming one of the first two municipalities to have its zoning approved under the MBTA Communities law. Greg Ryan reports that Boston Properties (BXP) is now jumping on the Lexington bandwagon with a 312-unit proposal.

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Inc. 5000 likes Boston a little less this year

This year’s Inc. 5000 — an annual ranking of the fastest-growing privately held companies in the U.S. — has fewer Massachusetts companies this year than anytime since at least 2021. Lucia Maffei has the sad but true story.

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