Worcester Business Journal

wbjournal.com | June 10, 2019 | Worcester Business Journal 5 B R I E FS GateHouse staff cuts hit Worcester newsrooms Worcester Magazine's editorial staff is down to just one reporter, the Tele- gram & Gazette lost six positions and hundreds of other journalists, photogra- phers and hundreds of other employees working for newspaper giant GateHouse Media are jobless aer a round of cuts in May. Local cuts were also made at the Patriot Ledger in Quincy, MetroWest Daily News, the Standard-Times in New Bedford, e Herald News in Fall River, and in Rhode Island, e Providence Journal and Newport Daily News. AquaBounty begins U.S. production of GE salmon AquaBounty, the Maynard grower of bioen- gineered salm- on, has begun producing the fish at its main facility in Indiana. e company received its first shipment of its salmon eggs at the indoor farm in May. e U.S. Food and Drug Administration lied an import ban in March aer labeling concerns held up an initial 2016 approval. CeQur names new CEO Marlborough insulin delivery compa- ny CeQur has named medtech veteran Bradley Paddock as its new CEO. Paddock has held key management, executive or sales positions at several large medical device manufacturers, including Kyphon, Stryker, Medtronic Central Mass. needs more affordable housing Greater Worcester public officials and business leaders have thrown their support behind Gov. Charlie Baker's plan to increase housing production to keep home prices low. The plan calls for 135,000 new housing units throughout Massachusetts by 2025. When polled online, nearly three out of four WBJ readers said affordable housing is most desperately needed in the region. F L AS H P O L L What kind of new housing does Central Massachusetts need most? and Johnson & Johnson. CeQur said his eight years of work as vice president of U.S. sales at Kyphon led to $600 million in sales and ultimately a $4.2-billion acquisition by Medtronic. Quiet Logistics facility sold for $36.7M e Quiet Logistics facility in De- vens, has been sold for $36.7 million to Morgan Stanley Real Estate Advisor. e property was sold by GFI Partners, a Boston property investment firm that purchased the site from manufacturer AMSC in March 2018 for $23 million. e 300,000-square-foot building sale comes just over two months aer Quiet Logistics was acquired by a joint group of real estate and logistics investors. e two transactions appear to be largely unrelated, as the building sale does not affect the Quiet Logistics operations. WRA files land taking for final ballpark properties e Worcester Redevelopment Authority has filed an eminent domain order of taking to acquire the MedStar Ambulance properties the city needs to build a $101-million stadium for the Worcester Red Sox minor league base- ball team. e combined price for the building and parking lot are $2 million. e city now has filed eminent do- main or agreed to deals to acquire all of the necessary ballpark land. FDA approves ReWalk suit Marlborough biotech manufacturer ReWalk Robotics' stock skyrocketed more than 180% the day aer the com- pany announced in June the U.S. Food and Drug Administration's clearance of one of ReWalk's main products. e Affordable single- family homes 30% Every Space Is An Experience We design for how you live, work and learn. Lamoureux Pagano Associates | Architects 508.752.2831 | lpaa.com ReStore Exo-Suit, a robotic system designed to help stroke patients regain mobility in physical therapy settings, is now cleared for the U.S. market. MCPHS acquires Main Street building for $7M MCPHS University has purchased a 43,000-square-foot Main Street build- ing in Worcester for nearly $7 million. e building, known locally as e Los, is a five-story mixed-use property at 379 Main St. formerly owned by property management firm SJ Realty. e building includes 55 single units mostly occupied by MCPHS students who previously rented from SJ Realty. e building joins a cluster of other MCPHS facilities in the Main Street area, including residential and academic buildings on Foster Street. 7% "Worcester needs all types of housing. First Worcester needs to scrap the density and parking restrictions. If a developer wants to put up a mid- rise apartment building, let them. If a builder doesn't want to have parking or only one park- ing space per unit." Comments "What the region needs more than anything else is a dramatic increase in new elderly/disabled housing units!" "Keyword here is affordable. Very little housing options in Worcester are affordable." W AquaBounty's fish Affordable apartments or condominiums 43% Higher end single-family homes Market-rate apartments or condominiums 20%

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