Real Estate

Two buildings containing 44 apartments in downtown Worcester have been sold for $2.4 million, according to a broker involved in the deal.

The fact that more companies and investors are expanding and purchasing property at Franklin industrial parks has town leaders hoping that a rough period for commercial and industrial real estate is ending. Town Administrator Jeffrey Nutting said the number of “for lease” signs has been coming down gradually as tenants have been scooping up space in recent months. “I think they've just started slowly and quietly started to fill back up without a lot of fanfare,” he said.

Read more Real Deals: Sept. 16Real Deals: Sept. 30Real Deals: Oct. 14Real Deals: Oct....

This year has brought the first tenants to the site of the former Galleria Mall, but a weak finance market, low rental rates and a lack of nighttime foot traffic stand in the way of developing the rest of the 22-acre CitySquare site.

State officials agreed this week to fund $1.6 million of infrastructure upgrades as part of the redevelopment of the former Hewlett Packard complex in Marlborough, according to the Marlborough Economic Development Corporation.

The McAuliffe Charter School has purchased a four-acre site in Framingham that will become the school's new home in the fall of 2014.

Profits jumped while revenue fell in the most recent quarter at Unum Group.

Boston Biomedical Associates (BBA) had just five employees in a single Northborough suite when it launched in 1999. As the biomedical consulting industry grew, BBA expanded its headcount to 52. Those employees worked out of five suites scattered throughout an office building, making it difficult to coordinate across departments, said Mack Rubley, the company's director of business development.

The Central Massachusetts cities of Fitchburg and Worcester received positive news recently when Standard & Poor's issued...

A housing developer paid $14.88 million Monday to buy a 23.5 acre parcel in Marlborough where it plans to build 350 apartments.