Real Estate

It was once common business wisdom that you had to be in a major U.S. city to successfully attract venture capital for a startup. Not anymore, according to key figures in Worcester's entrepreneurial scene.

In Central Massachusetts, the confidence banking executives have in the brick-and-mortar model is unwavering.

Dell still has a presence in Hopkinton, owning three properties which feature about 1.28 million square feet of office space. However, since the 2015 merger announcement, the company has off-loaded more than 1.2 million square feet.

The development firm behind a 845,000-square-foot UPS distribution center has bought the property for $25 million.

Gov. Maura Healey said Thursday her administration will continue to withhold state funding from cities and towns that fail to comply with a controversial -- but constitutional -- zoning reform law, describing the latest challenges to the measure as "without legal merit."

WuXi has disputed an early WBJ report saying construction at the Worcester site has stopped, although the company declined to provide specifics or give an updated timeline.

Property owners impacted by the federal government’s sudden termination of seven Central Massachusetts leases for facilities used by federal agencies likely have few options for recourse, according to a local real estate attorney.

“We’ve been DOGE-ed,” said Christopher Egan, president of Carruth Capital in Westborough, which owns one of the impacted properties.

A Worcester property, the site of a proposed daycare center and office space, has been sold for $1.4 million.

The former site of a Auburn seafood restaurant, which operated for more than six decades, has been purchased for $2.9 million,