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Westborough

MAPFRE drops ‘Commerce’ from its name

Webster-based MAPFRE/Commerce Insurance has rebranded to MAPFRE Insurance, the company announced yesterday.In a statement, MAPFRE Insurance said...

Part of Westborough Technology Park sold for $24.5M

Part of Westborough Technology Park, which sits next to the westbound side of Route 9 near the intersection of Route 495, has been sold for $24.5 million.

Virtusa revenue, profits soar again

Business consulting and technology outsourcing company Virtusa of Westborough capped off another year of healthy revenue and profit gains, finishing its 2015 fiscal year with increases of more than 20 percent in both key financial measures.

Central Mass. wonders: What’s in store for us amid potential T shakeup?

Gov. Charlie Baker is aiming to restructure the MBTA in an effort to improve public transportation. Central Massachusetts communities are wondering whether these improvements will extend to the commuter rail lines that serve the region.
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Kopin Corp. revenue jumps on military orders

Kopin Corp., a Westborough-based developer of wearable technology, reported an 83 percent year-over-year growth in revenue as a result of strong military orders.

Westborough energy services firm sold

Conservation Services Group (CSG), the Westborough-based nonprofit provider of energy efficiency services, has been sold to a Texas company after 31 years of operation, the firms announced Thursday.

Bay State Savings Bank awards $16,000 to nine nonprofits

The Charitable Foundation of Bay State Savings Bank has awarded $16,000 in grants to nine local nonprofit organizations.

Real Deals

Real Deals highlights recent commercial property transactions in Central Massachusetts.
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Report: I-495 West Class A office availability lowest since ’07

The amount of available Class A office space —the kind sought by large companies with big rent budgets — is dwindling in the Route 495 West market. But there are still large blocks of vacant space, and the market may have a ways to go before reaching optimal strength. A recent report by Boston commercial real estate firm Transwestern|RBJ found that Class A office availability totaled just a hair above 20 percent in the first quarter, which closed March 31. According to Transwestern, that's the lowest rate of availability in the I-495 West submarket since 2007. “The market is definitely heating up and deals are getting done,” said Marci Alvarado, a commercial real estate broker with Parsons Commercial Group in Framingham.

Study finds strong use of online health tools

A study commissioned by eClinicalWorks of Westborough finds strong use and acceptance of technology by patients to communicate with their doctors about medical issues.
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