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Auburn

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.

🔒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.

R.H. White promotes two executives, including fourth-generation family member to president

Auburn-based contractor and water utility manager R.H. White Companies promoted Thomas White to president and Jeffrey Towle to chief operating officer, both reporting to CEO James McCarthy, who since 2019 served as president and CEO.

Bed Bath & Beyond bankruptcy could leave large holes at local shopping centers

With national retailer Bed Bath & Beyond declaring bankruptcy on Sunday, the owners of shopping plazas may have a challenge in filling the large spaces left empty.
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Pakachoag Music School’s 30-year leader to retire

Sarah Smongeski, executive director at Pakachoag Music School in Worcester since 1992, will retire this June.

Two abutting Route 20 parcels in Auburn sell for $4M, one for a self-storage facility

Two parcels located at the intersection of Route 20 and Millbury St. in Auburn sold in two unrelated transactions for $2.3 million and $1.7 million.

🔒Small businesses run by people of color struggle to find financing as VCs’ priorities have shifted away from providing multicultural opportunities

BIPOC-owned startups seeking out larger investments have come up short, in large part because the deck is stacked against them.

Future site of Kelly’s Roast Beef, former Volvo dealership sold for $3.6M

A developer has completed its acquisition of 70 Gold Star Boulevard, with the aim of redeveloping the property into an 18,000-square-foot retail plaza anchored by urgent care center ConvenientMD and featuring Kelly’s Roast Beef and Jersey Mike’s Subs.
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Aspen Dental to pay $3.5M settlement over claims of deceptive advertising

The settlement resolves claims that Aspen Dental used a series of bait-and-switch tactics on thousands of Massachusetts consumers, according to a Thursday release from the attorney general. 

Worcester County home sales down 35% while price hikes slow

The number of Worcester County home sales saw a 35% decline year-over-year in November while there was a 30% decline in the number of sales statewide, as Massachusetts prices hit their lowest level of increase in two years.
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Girls Inc. of Worcester
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