Eric Casey

Eric Casey covers manufacturing and real estate for the Worcester Business Journal. He previously ran Burn After Reading, an online publication focusing on the cannabis industry. He has also formerly had freelance work published in outlets including Worcester Magazine and Different Leaf Magazine. Eric is a graduate of the University of Rhode Island, where he studied history and political science. He grew up in Marlborough and is currently a resident of Worcester.

Government & Politics

Fallon HQ proposed for $87M conversion into 200+ apartments

A letter of interest submitted by Synergy and included as part of the agenda packet for Tuesday’s City Council meeting says a plan to convert office space to housing of this magnitude has not been previously attempted in Massachusetts.

Government & Politics

Worcester multifamily building sells for $1.25M, more than double its 2015 sale price

A six-unit apartment building on the shore of Indian Lake in Worcester has sold for $1.25 million, five years after it was sold for $720,000.

Hospitality

Holiday Inn Express in Milford sells for $13M

The 119-room, four-floor hotel was built in 1999, according to Town of Milford property records. Amenities at the facilities include a fitness center, on-site laundry facilities, and an heated indoor swimming pool.

Manufacturing

Wakefield investor buys cardboard manufacturer’s Devens facility for $21M

Northbridge Partners continues to expand its portfolio of properties in Central Massachusetts.

Economy

Worcester business confidence falls into pessimistic territory to begin 2024

Despite concerns among the manufacturing sector and the pessimistic viewpoint of Central Massachusetts businesses, the state’s economy continued to grow.

Banking & Finance

🔒Steady, but too SLOW: Less than 16% of top executives and zero CEOs at major Central Mass. publicly traded companies are women

The situation in Central Massachusetts, where 15.6% of named executive officers are female, largely mirrors the Massachusetts rate of 16.1% determined in a statewide census.

Real Estate

Co-working space in Worcester’s Mercantile Center opens

Venture X, a 15,000-square-foot co-working space in Worcester’s Mercantile Center, has officially opened its doors.

Economy

Mass. union membership declined slightly in 2023, still above national average

Massachusetts was third in the New England region in union membership in 2023.

Government & Politics

In wake of Uxbridge $1.2M lawsuit settlement, Worcester reveals it stopped collecting cannabis impact fees in early 2023

Worcester joined a growing list of municipalities no longer collecting community impact fees from cannabis businesses in January 2023, after collecting nearly $5.2 million in those fees from fiscal 2019 to 2023.

Health Care

Saint Vincent parent company sells four California hospitals

Tenet Healthcare Corp., the Texas-based, for-profit healthcare services company that owns Saint Vincent Hospital in Worcester, has entered into a definitive agreement to sell four hospitals that the company operates in Southern California.

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