Real Estate

As part of the partnership, Synergy will transfer ownership of Two Chestnut Place to the Boston-based nonprofit.

The sale price breaks down to a price of about $379,260 per unit.

The Downtown Worcester Business Improvement District, an organization working to strengthen the downtown economic and cultural landscape, has named Katelyn O’Brien as the nonprofit’s new executive director, effective this coming Monday. 

Once a small farming community, Berlin’s population has climbed 16.1% since the creation of Riverbridge Village in 2009.

GFI Partners, a Boston-based developer focusing on industrial properties, has purchased the site of a proposed industrial park in Lancaster for $5.73 million. 

A plot of land in Milford has been sold for $9.1 million to a California-based residential developer, as the firm plans on teaming up with a Japanese firm to construct two all-wood residential buildings.

This sale represents AAM 15’s first hotel purchase in Central Massachusetts.

Construction of Rivage, a 230-unit residential development in Acton, is underway with an expected completion in the spring of 2026.

The former Hope Lodge at 7 Oak St. in Worcester is set to see a new life as student housing, following a $950,000-purchase by an Oxford-based firm.

Franchi Brothers first opened for business in 1936 and is in its third generation of family ownership.