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Nearly half of Pier 1’s stores face closure amid bankruptcy fears

Pier 1 Imports, the imported home furnishings retailer said up to 450 of its 942 stores are under consideration for closure, but it did not name specific locations. The Texas–based company operates Central Massachusetts stores in Bellingham, Framingham, Leominster, and Shrewsbury.

Pepperell manufacturer expanding after buying $1M facility

Keystone Real Estate LLC, a Pepperell entity managed Robert Stanieich and Anthony Serino, bought the 12,345-square-foot industrial property at 20 Lomar Park Drive in Pepperell for $1 million.

San Diego investment firm buys Gardner Price Chopper property for $11M

The property housing a Price Chopper grocery store in Gardner has been bought for $11.4 million by a San Diego investment firm.

Movers & Shakers for Jan. 6, 2020

Check out who being hired and promoted in the Central Massachusetts business community.
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🔒Leading healthcare organizations in Central Mass. cutting total executive pay

Faced with declining patient discharge numbers and seeing a chance to pare costs that didn’t directly affect patients, UMass Memorial Health Care leaders in Worcester made a tough financial choice to cut much of its executive ranks.

Solar farm site at former Lancaster Golf Center sells for $3.6M

A former golfing center in Lancaster being developed into a solar energy site has been bought by a Maryland green energy investment firm for nearly $3.6 million.

Central Mass. condo prices spiking as high as 27%

While condo prices remain cheaper than single-family dwellings in most Central Massachusetts communities, rising condo prices can keep first-time homebuyers on the sidelines.

🔒What to expect in 2020: More stores are headed for closure, as retail becomes more specialized

More retail stores are on the horizon, and their success will depend on being able to find enough shops to carve out a niche in an industry always increasingly dominated by Amazon and other giants.
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AMSC wins $11M in new orders

AMSC announced $11 million in orders last week. The orders, from D-Var Statcom system which serves the renewable energy sector in the U.S. and Australia, are expected to provide voltage regulation by responding to varying load conditions while connecting wind power plants to the electric grid, the company said.
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