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.

Manufacturing

Northborough industrial building, site of Aspen Aerogels HQ, sold for $19.1M by owner of Natick Mall

A 111,578-square-foot industrial building in Northborough has been sold for $19.1 million to Raith Capital Partners, a New York-based real estate investment firm.

Environment

Ascend files $5M lawsuit against landlord of planned Devens manufacturing facility, claiming asbestos and compliance issues

Westborough-based Ascend Elements has filed a lawsuit seeking $5 million in damages against the owner of a Devens building the company intended to turn into a manufacturing facility.

Real Estate

Amazon officially opens facility at former Greendale Mall site

The last-mile delivery facility on Neponset Street is destined to be the final stop for packages before they’re delivered to customers.

Energy

Aspen Aerogels receives $671M federal loan for planned Georgia facility

Aspen Aerogel’s efforts in developing technologies to reduce the risk from electrical vehicle fires will potentially receive a big boost from the federal government.

Government & Politics

Two large cannabis companies in Central Mass. fined combined $165K

Two multistate cannabis companies with operations in Central Massachusetts, have been fined a combined $165,000 by the state’s Cannabis Control Commission for regulatory violations.

Government & Politics

Newburyport firm expanding to Worcester with acquisition of Sequel Law

Sequel Law, a Worcester-based firm specializing in divorce and family law, has been acquired.

Real Estate

Westborough shopping plaza featuring Papa Gino’s sold for $5M

The 3.58-acre shopping plaza located at 164 Milk St. was sold by Smart Retail LLC of Framingham to Indira Investments LLC in a deal finalized on Oct. 8, according to Worcester District Registry of Deeds Records.

Banking & Finance

🔒Falling rates: The Fed’s cut to interest rates will boost the Central Mass. economy, yet the impact may not be immediate

The most straightforward analysis of the rate reduction is it’s good news for people and businesses who are either looking to borrow or who are already paying down debt.

Arts & Entertainment