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Where a plaintiff insurer that reached a $6 million settlement with the victim of a rape has brought an action seeking indemnification from a defendant insurance company, the defendant is entitled to summary judgment based on the abuse or molestation exclusion in the policy it issued. “Commerce Insurance Company (CIC) brought this action seeking indemnification
Construction of SilverBrick SkyHouse, a proposed $55-million, 312-unit renovation of 340 Main St. in Worcester, is on hold.
Silverbrick Buys Historic Office Building in Massachusetts Completed in 1897, the nine-story building is considered Worcester’s first high-rise. Dec112020 Image courtesy of JLL Capital Markets The Silverbrick Group has acquired 340 Main St., a nine-story office building in central Worcester, Mass. The Commerce Associates sold the 333,302-square-foot asset in a $14.5 million deal brokered by JLL Capital Markets. The seller let go of the historic building following an ownership that stretched over more than half a century, CommercialEdge data shows. Silverbrick is planning to ...
New York developer completes $14.5M purchase of Commerce Building in downtown Worcester The nine-story, 380,000-square-foot building is known as the downtown’s first office "skyscraper." SilverBrick Group LLC purchased the 340 Main St. building from Commerce Associates, which also owns properties at 332 Main St. (Central Building), 244 Main St. (Irish Times building), 18 Chestnut St. (former Unum building) and several surface parking lots. The transaction was recorded at the Registry of Deeds last month. SilverBrick Group is looking to invest $54.45 million to create the market-rate hous...