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Banking & Finance

🔒S.P. did it: A young career spent in regulation prepared Seth Pitts to break new ground as Bay State Savings Bank’s next CEO

As a kid growing up in Worcester, Seth Pitts didn’t dream of leading a bank. He will do just that when he is promoted to be the next CEO of Worcester institution Bay State Savings Bank.
Banking & Finance

Rabina completes $13.5M refinance of Home Depot warehouse in Auburn

New York real estate investment company Rabina obtained $13.5 million to refinance its 210,000-square-foot distribution center at 26 Millbury St. in Auburn.
Real Estate

Casey family sells Auburn property to heavy equipment dealer planning expansion

An affiliate of Equipment East, a Dracut-based heavy construction equipment sales company, purchased an industrial property off of Route 20 in Auburn for a new location.
Manufacturing

Lundgren buys Auburn flex property for $1.7M

A 7,700 square-foot flex property was sold to a trust belonging to Patrick Lundgren for $1.7 million on Thursday.
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Diversity & Inclusion

🔒Q&A: Leicester curiosity shop delights in the whimsical, witchy, and retro

Vintage Rebel Curiosity Shop in Leicester refers to itself as “We’re one of those ‘don't know you need it until you see it’ kind of stores.”
Agriculture

Movers & Shakers for June 26, 2023

People are on the move at New England Botanic Garden at Tower Hill, Cornerstone Bank, and Thrive Support & Advocacy.
Banking & Finance

🔒Waiting game: After early 2023 rocked the financial system, Central Mass. bankers are staying the course toward an uncertain future

After the first half of 2023 rocked the banking world and as uncertainty clouds the economic future, Central Mass. bankers are staying the course.
Hospitality

Auburn hotel property sold for $7.6M

The Comfort Inn property at 426 Southbridge St. in Auburn was sold on Thursday for $7.6 million.
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Energy

More than a dozen Cumberland Farms properties sold in Central Mass. for $73M as Calif. firm begins $1.5B East Coast expansion

California-based Realty Income Corp. has begun acquiring Cumberland Farms locations as part of a $1.5-billion sale-leaseback deal with United Kingdom-based EG Group.
Arts & Entertainment

🔒Brokers and property owners use innovative thinking in seeking to keep plazas full

Local brokers are optimistic they can fill that space as the industry experiences a post-COVID resurgence and innovative new concepts for retail space are hitting the marketplace.
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