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Real Estate

Hanover Theatre taking over management and programming of JMAC

The change in control was made following votes of approval last year of the boards of both the Hanover and WCC.

Chacharone buys Northborough flex building for $8.4M

The two-story building was sold for $8.4 million by an entity managed by AllCare Plus Pharmacy.

Tenants say state’s housing production not fast enough, call for rent hike limits

Rent control legislation was sent to study last session, part of a longstanding trend in which top Democrats have eschewed such measures, including a Boston home rule petition. A 1994 ballot referendum banned rent control in Massachusetts.

Worcester elderly apartments sold for $17M to Tennessee firm

Housing Preservation is a Memphis-based organization that acquires and preserves affordable housing communities originally developed by the U.S. Department of Housing and Urban Development.
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Downtown Worcester apartments at center of CitySquare redevelopment sold for $122M

A key part of the City Square Development has been sold to a Boston-based firm for $122.2 million.

Framingham contractor relocating headquarters to Class A building

J.F. White Contracting Co. is moving its Framingham headquarters down the road from its current location.

Herb Chambers offloads 10 Central Mass. facilities as part of larger $1.5B sale to Atlanta firm

The Herb Chambers Cos., the Somerville-based automotive retail and service firm with ten locations in Central Massachusetts, has finalized its sale to Atlanta-based Asbury Automotive Group for $1.45 billion.

Peak homebuying season brings more sales, higher prices to Central Mass.

The Central Massachusetts market for single-family homes is heating up, as June saw an increase in both total sales and median prices.
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Marriott hotel in Milford sold for $6.8M

Fairfield is Marriott’s value-focused brand, with fewer amenities and more affordable rooms than more premium Marriott brands, including Westin and Renaissance Hotels.

International market opening on Worcester’s Pleasant Street

Joining another Seabra Foods store in Framingham, this will be the firm’s second Central Massachusetts location. Seabra has additional Massachusetts locations in Attleboro and Fall River, part of an 18-store portfolio with locations in New Jersey and Florida.
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