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Real Estate
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Owner of former Fallon HQ to partner with Catholic nonprofit to convert Worcester office building into affordable condos
January 2, 2025As part of the partnership, Synergy will transfer ownership of Two Chestnut Place to the Boston-based nonprofit.
January 2, 2025
Hudson luxury apartments sold to Swiss firm for $67M, a 20% jump from 2022 sale price
January 2, 2025The sale price breaks down to a price of about $379,260 per unit.
January 2, 2025
Berlin daycare, gas station sold for combined $8.8M
December 31, 2024Once a small farming community, Berlin’s population has climbed 16.1% since the creation of Riverbridge Village in 2009.
December 31, 2024
Boston-based developer buys site of proposed Lancaster distribution park for $5.7M
December 30, 2024GFI Partners, a Boston-based developer focusing on industrial properties, has purchased the site of a proposed industrial park in Lancaster for $5.73 million.
December 30, 2024
Future site of 260-unit, wooden-framed Milford apartment complex sells for $9M
December 30, 2024A plot of land in Milford has been sold for $9.1 million to a California-based residential developer, as the firm plans on teaming up with a Japanese firm to construct two all-wood residential buildings.
December 30, 2024
Burlington private equity firm buys Worcester hotel for $20.4M
December 30, 2024This sale represents AAM 15’s first hotel purchase in Central Massachusetts.
December 30, 2024
Construction of 230-unit residential development in Acton underway
December 27, 2024Construction of Rivage, a 230-unit residential development in Acton, is underway with an expected completion in the spring of 2026.
December 27, 2024
Student housing on tap for former Hope Lodge following $950K sale
December 27, 2024The former Hope Lodge at 7 Oak St. in Worcester is set to see a new life as student housing, following a $950,000-purchase by an Oxford-based firm.
December 27, 2024
Longtime Worcester auto repair business expanding after $1.8M purchase of two industrial parcels
December 27, 2024Franchi Brothers first opened for business in 1936 and is in its third generation of family ownership.
December 27, 2024
A tale of two towers: The Mercantile Center and The Glass Tower's efforts to become go-to downtown destinations
Updated: December 23, 2024Worcester’s two tallest office buildings have had quite the wild ride over the past 10 years.
Updated: December 23, 2024
Results: How did WBJ do with 2024's bold predictions?
Updated: December 23, 2024In December 2023, the WBJ Editorial staff made 10 bold predictions for news events to happen in Central Massachusetts throughout the year. Turns out, we missed the mark on all but two.
Updated: December 23, 2024
Waiting for a recovery: The slowdown in the once-promising life sciences industry is hurting developments across Central Mass.
Updated: December 23, 2024There have been some bright spots, but vacancies and empty pad sites remain.
Updated: December 23, 2024
2025 Economic Forecast survey: Central Mass. business leaders show less enthusiastic optimism
Updated: December 23, 2024Central Massachusetts business leaders generally feel good about the economy, although they don’t feel great about it.
Updated: December 23, 2024
Hot markets for residential: As Worcester’s small multifamily market cools, property owners see promise elsewhere
Updated: December 23, 2024With high-potential inventory in Worcester drying up, investors in smaller multi-family properties are casting a wider net to find parcels with promise.
Updated: December 23, 2024
Making big boxes fun again: As large retail spaces become vacant, landlords are finding immersive businesses like mini golf and pickleball can keep the crowds coming in
Updated: December 23, 2024Converting big-box retail spaces has become increasingly necessary as digital retail impacts demand.
Updated: December 23, 2024
Suburban zombies: Falling demand for office space forces building owners to get creative
Updated: December 23, 2024Overall, the amount of available space in suburban Central Massachusetts office markets is more than 90 football fields.
Updated: December 23, 2024
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