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01/16/2011

Posted By: Admin DreamingCode

The yawning gap between commercial and residential tax rates in Worcester has long been a point of contention for the business community. Edward Murphy, CEO of the residential leasing company weRENTcentralmass.com, said he’s unhappy that the city would even discuss changing large buildings’ tax classification. He said some property investors from Greater Boston and MetroWest have just entered the Worcester market over the past year and a half, and..

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With Housing Dip, Rentals Are The New Hot Properties Multifamily Housing Projects Draw More Investors

07/04/2016

Posted By: Admin DreamingCode

Young people are not entering the ownership class like they were in the past and older owners are selling in favor of renting, the study says. And though tenants income levels have not kept pace, demand for rental property has driven up rents. Ed Murphy, CEO of WeRentCentralMass, a Worcester-based listing and rental company, said he has certainly seen those trends here. Murphy said that a three-bedroom apartment in Worcester was renting for around $800 per month three years ago. That rent has now risen to around $1,100. CLICK TO READ FULL STORY

Canal District leaders high on dispensary plans at former Widoff’s site

12/06/2015

Posted By: Admin DreamingCode

For more than 100 years, Widoff's Bakery on Water Street was the place to go to get your bulkies on Sunday morning. In the not-too-distant future, it could serve as a place to pick up your medical marijuana.

EXCLUSIVE: New Owner Reveals Plans for Worcester’s Famous Widoff’s Bakery

07/22/2015

Posted By: Admin DreamingCode

Last Thursday, July 16, Bay State Investment Funds LLC of Worcester purchased the building that held Widoff's Bakery on Water Street for $550,000.

Worcester Named a Hot Spot for Real Estate

06/19/2012

Posted By: Jason Grayson

In Worcester, this is a unique situation that probably only affects a few other cities across the nation. It wouldn't hold true in Boston, said CEO of Worcester Apartment Rental Agency, Ed Murphy. In Boston if you were going to purchase an equal property that you were renting, you would need $40,000 more to put down.

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