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Real Estate

Investors purchase 17-unit Worcester apartment building for $2.5M

Friendly House, Inc. of Worcester, a human services nonprofit, leases 14 of the apartments in the building and will continue to do so under the new ownership, according to a press release from NAI Glickman Kovago & Jacobs.

Shrewsbury autism center acquired by national provider

Springtide Child Development, an autism center with locations in Shrewsbury and across Massachusetts and Connecticut, has been acquired.

Santander Bank to close three Central Mass. branches as part of statewide closures

Santander Bank will close branches in Ayer, Holliston, and Marlborough as part of its latest round of closures in Massachusetts.

Worcester tax firm buys historic Main Street building for expansion

Worcester-based tax and business advisory firm Cunningham & Associates purchased the former Worcester Five Cents Bank Building in Worcester to expand its business.
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Central Mass. unemployment rates decrease after early-year rises

After months of growing unemployment across Central Massachusetts communities, rates decreased in all three of the region’s metropolitan areas tracked by the state between February and March.

Bed Bath & Beyond bankruptcy could leave large holes at local shopping centers

With national retailer Bed Bath & Beyond declaring bankruptcy on Sunday, the owners of shopping plazas may have a challenge in filling the large spaces left empty.

Worcester Academy proposes athletic complex for former Saint Vincent site

Worcester Academy proposed a 72,000-square-foot athletic complex at the former site of Saint Vincent Hospital on Providence Street in Worcester.

Worcester developer proposes 98-unit affordable housing project

Kensington Management, LLC submitted a proposal to the City of Worcester for a seven-story, 98-unit affordable housing development on Mason Street in Worcester.
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Hopedale land sold for $15M for planned 600,000-square-foot warehouse

An affiliate of Boston developer GFI Partners purchased a 141 acre property in Hopedale for $15 million to build a 616,875-square-foot warehouse.

Next part of Main South mixed-income development proposed to ZBA

Worcester-based developer Civico has proposed a plan to convert an industrial building into mixed-income apartments at 98 Beacon St. in Worcester.
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