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Whole Foods plaza in Shrewsbury sold to NY firm for $57M

About four months after hitting the market, the Lakeway Commons plaza in Shrewsbury has been sold for $56.7 million to one of the largest asset management firms in the world.

🔒Worcester’s tallest building refinanced for $25M

Robert Morton, TruNorth market president for Central Massachusetts and Northeastern Connecticut, told WBJ the firm generally isn’t interested in office buildings, but the unique situation in Worcester led to an exception. 

North Central chamber launches Latino business council

The council is called LIDER, the Spanish word for “leader,” and stands for Latino Initiative for Development of Entrepreneurship and Resources.
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State: World Cup drew over 447K fans

"The World Cup gave Massachusetts an incredible opportunity to welcome visitors from around the globe and show off everything our state has to offer," Healey said in a statement Monday.

🔒‘The heart and soul of a community bank.’ Why bankHometown is becoming TruNorth.

“Growing organically in Massachusetts is not easy to do. We’ve got to look at M&A as the most likely path to achieving scale.”

Menkiti receives $3.6M tax credit for Shack’s downtown apartment conversion

The Menkiti Group has received a $3.6-million state tax credit to help convert a 171-year-old Downtown Worcester building into 48 apartments.

From the Editor: Data is the new currency

WBJ has created the go-to source for market intelligence about the Central Massachusetts business community.

Clark awarded $27M from Department of Labor for IT apprenticeships

Clark University in Worcester has been awarded $27 million from the U.S. Department of Labor to expand information-technology apprenticeship programs.

🔒Leicester Gardens apartment complex sells for $5.4M

The 24-unit Leicester Gardens apartment complex has changed hands for the second time in the last three years, this time being sold for $5.67 million.

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Marijuana repeal measure hit with fresh signature challenge

A ballot initiative proposing to repeal adult-use recreational marijuana is facing another challenge to the authenticity of its nomination signatures. 

Proposal giving tenants first right of refusal to buy multifamily properties resurfaces in House

After getting cut out of the Legislature's last major housing bill, the so-called Tenant Opportunity to Purchase Act found new life in the House's policy-dense $561 million economic development bill.

Mass. business confidence turned positive in June

The trade group Associated Industries of Massachusetts reported its Business Confidence Index rose 2.4 points in June to 50.6.

Healey signs $63.4B budget without vetoes

Gov. Maura Healey signed the $63.4 billion annual budget Thursday, coming nine days into the new fiscal year that's poised to inflict major financial turmoil as a federal law reshapes public benefit programs.

State considering compensating businesses impacted by FIFA branding rules at Gillette

Representatives included $1 million within their $561 million economic development bill to reimburse businesses within the "clean zones" created at Gillette Stadium for the matches. 

🔒VulcanForms plans 1M-sq.-ft. expansion, hires former DoD official as key executive

VulcanForms is seeking to add 1 million square feet of manufacturing space in Devens, a move it expects will create more than 1,000 jobs.
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Latest Poll

What is your outlook for the Central Mass. economy for the rest of 2026?

After spending most of the year in pessimistic territory, the Massachusetts Business Confidence Index rose to an optimistic outlook in June. The Associated Industries of Massachusetts said employers' strengthening confidence may reflect the stability of the U.S. and Massachusetts economies.

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Regional News

Blackstone Valley

🔒Starting an ESOP: Central Mass. businesses unpack the how and why of employee ownership

Central Mass. businesses unpack the how and why of employee ownership.
Central Mass. South

🔒bankHometown to be rebranded as TruNorth as parent company goes public

Oxford-based bankHometown will be rebranded as TruNorth Bank along with Hometown Financial Group's other subsidiaries as the parent company prepares to become publicly traded.
MetroWest

Littleton automation firm brings in former IBM executive as CEO

Warehouse and supply-chain automation firm Peak Technologies has brought in a new leader.
North County

Newly-constructed Leominster plaza featuring Starbucks, UPS store sold for $5.2M

Starbucks and The UPS Store have 10-year leases with multiple renewal options, while IC has a 20-year lease, with all three having extension options.