Real Estate

Worcester is home to $4.4 billion worth of tax-exempt property, according to a new report by the Worcester Regional Research Bureau, unveiled today.

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A state-of-the-art medical office building has been sold and is welcoming a new tenant, further solidifying it as a prime office locale on the Route 2 Corridor. The two-story, 49,250-square-foot, Class-A clinical facility at 330 Baker Ave. — which houses Harvard Vanguard Medical Associates — is now a neighbor to Emerson Hospital and Welch's corporate headquarters, which opened at Concord Meadows this past year.

Holli Andrews —executive director of the Framingham Downtown Renaissance — sees downtown's multicultural appeal as a seed for economic growth. With community planning and open-space preservation experience in Vermont and Maine, Andrews is tasked with revitalizing this somewhat-forgotten area with new energy, improved walkability and emphasis on its historic assets. She shares some of her vision here.

U.S. employment beat market expectations in July, adding 200,000 jobs, according to the ADP National Employment Report, which was released today.

Foreclosure petitions, which mark the first step in the foreclosure process in Massachusetts, fell to their lowest monthly level since The Warren Group started compiling foreclosure statistics in 2006, the Boston firm said today.

Framingham native and resident Vaios Theodorakos, who bought the much-neglected Arcade Block two years ago, is looking to add 24 apartments to the property's Amsden Building, at 95-115 Concord St. The apartments will be above Limey's Pub, he said, offering a residential component to the planned mixed-use development.

For the 26th consecutive month, pending home sales in the United States were up over the same time a year ago in June, according to the National Association of Realtors (NAR).

Sixty-four at-risk youth in Worcester and Quincy will receive job training through $1 million in federal funding, Training Resources of America Inc. announced.

McKesson Medical-Surgical recently renewed its Northborough lease and expanded by nearly 50,000 square feet, according to a broker involved in the deal.