Worcester Business Journal

January 5, 2015

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www.wbjournal.com January 5, 2015 • Worcester Business Journal 3 OK, back to work! Now that the holidays are history, this week marks the beginning of what many business forecasters see as good — no, make that great — days ahead. When you end a year with as much positive economic news as we had in December — strong state and national job growth, increasing consumer confidence, 5-percent U.S. economic growth in the third quarter and gains in the stock markets — many tend to believe, or at least want to believe, that there's more where that came from as we turn the corner into January. Real estate is a key component of any economy, and in this issue, we focus on the commercial real estate market in Central Massachusetts, starting on the front page with Sam Bonacci's story on the redevelopment of historic buildings. Inside, on pages 12 and 13, we look at how some communities are loosening up on zoning and permitting to attract more business, and how GE Healthcare Life Sciences' pending move to Marlborough is leading more businesses to look at the area as a possible destination. Also, Emily Micucci's front-page story takes a deeper look at the proposed veterans' health care facility in Worcester. So, with that, Happy New Year — and get back to work! Rick Saia (rsaia@wbjournal.com) This Week In The WBJ Editor, Rick Saia, rsaia@wbjournal.com Web Editor/Columnist Christina H. Davis, cdavis@wbjournal.com Staff Writers Sam Bonacci, sbonacci@wbjournal.com (Banking & Finance, Real Estate, Manufacturing, Technology) Emily Micucci, emicucci@wbjournal.com (Education, Health Care, Retail, Law, Hospitality) Staff Writer/Copy Editor Carol McDonald, cmcdonald@wbjournal.com Contributors Susan Shalhoub, sshalhoub@wbjournal.com Livia Gershon Research Director, Roger Magnus rmagnus@nebusinessmedia.com Research Assistant, Heide Martin hmartin@wbjournal.com Art Director, Kira Beaudoin kbeaudoin@wbjournal.com Graphic Designer, Mitchell Hayes mhayes@wbjournal.com Manager of Video/Multimedia Services, Matthew Volpini mvolpini@nebusinessmedia.com Director, Major Accounts Bonnie Leroux, bleroux@wbjournal.com Senior Accounts Manager Matt Majikas, mmajikas@wbjournal.com Custom Publishing Project Manager Christine Juetten, cjuetten@wbjournal.com Marketing & Events Manager Kris Prosser, kprosser@wbjournal.com Sales Admin & Account Coordinator Susan Munyon, smunyon@wbjournal.com Controller, Mary Rogers mrogers@nebusinessmedia.com Accounting Assistant, Valerie Clark vclark@nebusinessmedia.com Collections Manager, Raki Zwiebel rzwiebel@nebusinessmedia.com Human Resources, Debbie Amorelli damorelli@nebusinessmedia.com Publisher, CEO, Peter Stanton pstanton@nebusinessmedia.com Associate Publisher, Mark Murray mmurray@wbjournal.com Group Publisher, Joseph Zwiebel jzwiebel@nebusinessmedia.com Worcester Business Journal (ISSN#1063- 6595) is published bi-weeky, 24x per year, including 5 special issues in April, July, September, November and December, by New Engand Business Media. 172 Shrewsbury St., Worcester, MA 01604. Periodicals postage paid at Worcester, MA. Copyright 2014. All rights reserved. Postmaster: Please send address changes to: Worcester Business Journal, PO Box 330, Congers, NY 10920-9894. Subscriptions: Annual subscriptions are available for $49.95. For more information, please email wbjournal@cambeywest.com or contact our circulation department at 845-267-3008. Fax: 845.267.3478 Advertising: For advertising information, please call Mark Murray at 508-755-8004 ext. 227. Fax: 508-755-8860. Worcester Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Worcester Business Journal • 172 Shrewsbury Street • Worcester, MA 01604 • 508-755-8004 tel. • 508-755-8860 fax www.wbjournal.com A division of: 12 12 If you build it, town hall might help As more businesses fill previously vacant office space, communities look to loosen the strings that can hold back new commercial construction. 13 G.E. is in; who's next? With GE Healthcare Life Sciences on the verge of moving in, other firms are looking at Marlborough and nearby communities. WBJ on the Web From news to information about events and awards, we have it all at WBJournal.com. Which business leaders stand out? Do you know of a business leader in Central Massachusetts whose efforts, and those of his or her company, deserve recognition? Each year, we honor three business leaders, as well as an organization we select as "corporate citizen of the year" that actively serves its community. Here's your chance to raise your hand and nominate someone. Go to www.wbjournal.com/BLOYnomination and fill out a nomination form by Jan. 14. ON PAGE ONE Blending today with yesterday With a nod to the architecture of a bygone era, developers in Worcester and elsewhere are mixing modern needs into historic buildings. Win-win for veterans, health care? The proposed health center that would be operated by UMass Medical School and the U.S. Department of Veterans Affairs will be a boost for veterans and the school, officials say, and the rest of the country may be taking notes. NEWS & ANALYSIS 9 All aboard for Providence? The head of a private railroad company appears to have lofty ridership projections for a Worcester-to-Providence commuter train, but he's confident it can work. SHOP TALK 8 Q&A with Girish Navani, CEO and co-founder of eClinicalWorks, Westborough THE LISTS 14 Notable commercial leases in 2014 15 Notable commercial sales in 2014 COLUMN 18 THE RAINMAKER How do you generate better business execution and results? The answer lies in letting the people who report to you do their jobs the way they know how, Ken Cook writes. DEPARTMENTS Introducing our BUY/SELL Exchange Looking to buy a business? Sell a business? Turn to the WBJ Business BUY/SELL Exchange, a new section on our web site where readers can find helpful articles. You'll also find listings of businesses for sale, as well as other resources. Check it out at www.wbjournal.com/exchange. Y O U R R E G I O N A L R E S O U R C E F O R B U Y I N G O R S E L L I N G A B U S I N Your resource for buying or selling a business On a roll into a new year Real estate: The commercial report FOCUS 23 Accolades & Honors 4 Briefing 21 Editorial 20 Flash Poll 18 Fresh Beginnings 16 Incorporations 19 Knowhow 17 Movers & Shakers 16 Networking/Events 22-23 Photo Finish 5 Real Deals 8 Ticker 21 Viewpoint 2014 2014

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