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Friday, June 24, 2016

Greendale Mall sold for $11.8M; future uncertain

The Greendale Mall was sold at an auction in the struggling mall's parking lot Friday morning for $11.82 million with the bidder giving no details about plans for Worcester's only remaining mall.

Massachusetts manufacturers are bracing for increased exporting difficulties the British exit from the European Union could have on Bay State exports.

Imugen will be sold to fellow Marlborough biotech company Oxford Immunotec for $22.2 million, with the deal expected to close next week.

WBJ announces new manufacturing, healthcare reporters

Worcester Business Journal's Staff Writer Laura Finaldi has taken over as the publication's healthcare reporter while new hire John McIntyre will serve as the organization's manufacturing reporter.

Avidia Bank adding new location

Avidia Bank will be adding a new location in Hudson this November, the bank announced Thursday.

Aspen Aerogels has expanded a partnership in Germany that nets the Northborough company with millions towards a new factory and secures an exclusive supply agreement.

Framingham’s Staples has donated $1 million and partnered with singer Katy Perry to encourage continued support of teachers.

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Regional Roundup

Unemployment applications fall (Telegram and Gazette)

U.S. stocks fall after Brexit vote (Bloomberg)

How the Massachusetts economy could be impacted by Brexit (Boston Globe)

Lookout Farm in Natick opens patio (MetroWest Daily News)

Week in Review

GE moving into Massachusetts

GE Healthcare Life Sciences held the grand opening for its U.S. headquarters in Marlborough on Thursday, highlighting the division's $27 million investment in the new facility.

Urgently adding clinics

MedPost, a national chain of urgent care centers, will open three new clinics in Central Massachusetts next month -- its first clinics in the northeast.

Worcester taking on Airbnb

The Worcester City Council has authorized City Manager Edward Augustus to create regulations that would limit Airbnb stays to commercially zoned areas and require those offering the service to obtain a business license from the city.