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Greater Worcester

Real Estate

🔒Developer plans restaurant, 44 apartments in historic Downtown Worcester building

Formerly known as the Waldo Street Police Station, the site is listed on the National Register of Historic Places.
Banking & Finance

Unions skeptical of potential Healey plan to offer buyouts to state employees

Asked about the buyouts, Healey spokesperson Karissa Hand did not explicitly confirm that the governor's considering the option. 
Education

🔒Worcester voters back non-binding ballot question calling for City to tap into universities’ endowments

The question asked voters if they supported requiring private colleges and universities to invest 0.5% of their endowments annually into a community impact fund.
Manufacturing

🔒German manufacturer consolidates U.S. operations into new large Shrewsbury HQ

German manufacturer Physik Instrumente has opened a new U.S. headquarters in Shrewsbury, part of an attempt to improve its operations in the Americas and adapt to tariffs.
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Banking & Finance

🔒Worcester investor pays $17.4M for New London apartments portfolio

Worcester-based Baystate Investment Fund acquired the properties.
Economy

🔒Mass. business confidence remained pessimistic for eight consecutive month in October

Massachusetts’ Business Confidence Index continued to tumble in October, reaching its third-lowest score in the past year.
News

From the Editor: WBJ launches data-rich INSIGHTS special edition

This entire edition is anchored by graphics, charts, and lists full of historical and current data on the most pressing economic indicators for our business community.
Real Estate

🔒Money on the sidelines: Real estate is having a rough year, but premium properties are still catching the attention of investors

Uncertainty seems to be the overarching theme of business in 2025, and commercial real estate has been no exception.
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Real Estate

🔒Running out of retail: Second-generation restaurant spaces are driving demand in Central Mass. retail real estate

Todd Alexander, an executive vice president at Worcester real estate brokerage Kelleher & Sadowsky Associates who focuses...
Real Estate

🔒Are more skyscrapers coming to Worcester?

With housing a top-of-mind concern in urban areas today, developers and city leaders are looking to tall apartment buildings.
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