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🔒Aspen Aerogels stung by EV market downturn, taking $6.3M loss in third quarter, as new CFO takes over

Citing the downtown in the United States’ electric vehicle market, Aspen Aerogels said it is looking to continue diversifying into other markets.

🔒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.

🔒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.

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

Worcester-based Baystate Investment Fund acquired the properties.

🔒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.

🔒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.

🔒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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🔒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...

🔒When a hospital closes: Central Mass. ER visits rose after Nashoba Valley shuttered, as hospital finances are increasingly strained

The volume in Central Massachusetts ERs is still expected to grow, exacerbated by a primary care shortage and incoming $1 trillion in cuts nationally to Medicaid.
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