Worcester
Anna Maria College Campus in Central MA Listed for Sale
After its closure in May, the campus of Anna Maria College in Paxton, MA has been listed for sale, with Worcester-based Kelleher… Read more
Worcester Active Adult Community Secures Bridge Loan Amid Increasing Demand
JLL Capital Markets arranged $39 million in financing for The Arbella at Bramble Hill, a recently completed, 123-unit, Class A active… Read more
Milford Retail Trades for $8M; Draws from Boston, Worcester and Providence Metros
Atlantic Capital Partners closed the $8-million sale of Milford Square, a multi-tenant neighborhood shopping center located at 138 S. Main… Read more
Largest Office-to-Resi Conversion in Massachusetts Secures Financing
MassDevelopment has partnered with primary lender The Washington Trust Company to provide $51,170,000 in loan financing to OCP Worcester Owner LLC, an… Read more
Small-Bay Industrial Property Garners “Incredible Interest”
Marcus & Millichap finalized the sale of 10 Charlesview Rd., a 9,600-square-foot small-bay industrial property in Hopedale, MA, for $2.05 million. Managing director investments Harrison Klein, along… Read more
Massachusetts Awards Nearly $150M in Tax Credits to Create 1,300-Plus Apartments
Massachusetts Gov. Maura Healey announced funding from two programs to jumpstart housing production across the state: approximately $8.4 million from the new Commercial Conversion Tax Credit Initiative (CCTCI) to help… Read more
Tax-Exempt Bond Finances First Phase of Worcester Redevelopment
MassDevelopment has issued a $38-million tax-exempt bond on behalf of Lakeside Phase 1 Four LLC, an affiliate of Tremont Development… Read more
WinnCompanies Completes Passive House Project in Worcester Region
WinnCompanies has completed The Elmwood, a 93-unit, mixed-income housing development serving households in the fast-growing region around Worcester, MA. The… Read more
Vacant Shrewsbury Bottling Plant Would Give Way to Apartments
A 25-acre site in Shrewsbury, MA is planned to hold a grocery store, 270 apartments and a mix of smaller… Read more
Amazon Signs Full-Building Lease in Central Massachusetts
Amazon has signed a full-building lease to occupy 450,000 square feet in a distribution center at 139 Campanelli Drive in the… Read more
Eaton Vance Pays $157M for Newly Built Worcester Apartments
Morgan Stanley’s Eaton Vance Real Estate Investment Group has acquired Alta on the Row, a 370-unit apartment complex in Worcester,… Read more
Harbor Group Secures $356M Financing for New England Apartment Portfolio
Walker & Dunlop, Inc. said Wednesday it arranged $356,411,000 in financing for the acquisition of four properties in eastern Massachusetts and… Read more
Jonathan Rose, Schochet Acquire 430-Unit Worcester Affordable
Jonathan Rose Companies and Schochet Companies have acquired Plumley Village in Worcester, MA, from The Community Builders (TCB), a nonprofit housing… Read more
Milford Sale Indicative of Demand for Medical Office
Marcus & Millichap arranged the sale of Hill Office Park, a three-building, 39,424-square-foot medical office park in Milford, MA. The… Read more
Worcester-Area Warehouse Trades with Partial Leaseback
Marcus & Millichap closed the sale of a 36,977-square-foot industrial office warehouse at 86 Leominster Rd. in Sterling, MA. The… Read more
Cornerstone, Athol Savings to Merge; Combined Bank Will Have $2.4B in Assets
Worcester, MA-based Cornerstone Bank, a subsidiary of PeoplesBancorp, MHC, and Athol Savings Bank (ASB) announced that they will merge, with ASB operating… Read more
MMCC Arranges Financing on Three Boston-Area Multifamily Properties
Marcus & Millichap Capital Corporation (MMCC) has arranged $18,650,000 in financing for three multifamily properties located in Worcester, Framingham and… Read more
Safehold Acquires Ground Lease on Worcester Multifamily Project
Safehold Inc. has closed on a ground lease to facilitate the development of The Benjamin, a ground-up, 364-unit, transit-oriented multifamily… Read more
Worcester Mixed-Use Portfolio Trades to Local Partnership
Marcus & Millichap closed the sale of 10-14 E Worcester St. and 89 Shrewsbury St. a mixed-use portfolio in Worcester,… Read more