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First Bristol Corp. celebrates topping off of $17 million Hampton Inn & Suites First-Topping Off Group_opt.jpg Providence, RI Representatives from the First Bristol Corp. joined mayor David Cicilline and others at a "topping off ceremony" for the $17 million historic rehabilitation and new construction of the Hampton Inn & Suites at 58 Weybosset St.
This building, original home of Old Colony Bank and most recently the St. Francis Chapel, is located in the financial district, adjacent to Bank America, Textron, and Citizens Bank and Johnson & Wales, Brown University and Rhode Island School of Design.
When ...
Dimeo Const., Vision 3 Archts., VHB and Hobbs Brook Mgmt. break ground on FM Global's $60m headquarters FM Global-DSC_316[3]_opt.jpg Johnston, RI FM Global broke ground on a new $60 million, 340,000 s/f facility on 93 acres it owns off Central Ave. The project is slated to be completed by mid-2009.
Approximately 100 invited guests, employees and VIPs attended the groundbreaking ceremony. Local, state and company officials in attendance included: Shivan Subramaniam, FM Global chairman and chief executive officer; Thomas Dusel, president and chief operating officer of Hobbs Brook Management (FM Global's real estate company); governor ...
Mayor's message: 3 new companies open for business In a time when business consolidations, layoffs and foreclosures are making headlines, several recent announcements in the city of Warwick in the past three weeks have been welcome news.
Concordia Manufacturing, LLC, an 88-year-old, Coventry-based company, recently made public its plans to expand its medical business to a Warwick facility. They anticipate hiring up to 15 new employees at the 24,575 s/f facility it will lease at 60 Commerce Dr. Concordia's industrial fibers business will remain ...
Cregan of Paramount Props. leases 3,500 s/f Westerly, RI John Cregan of Paramount Properties has leased 3,500 s/f of office space at Merchant's Sq., 55 Beach St.
The tenants were Allstate Insurance, Westerly Radiology Associates and Fifth Level, LLC.
Cregan represented the Landlord, LaCroix Properties and procured the tenants.
Rodman Real Estate's 2007 Rhode Island survey Rodman, Sheldon; Rodman_opt.jpg Market Overview
The 2007 Rhode Island real estate market once again reflected the state's ongoing transition from a manufacturing-based economy to a service-based economy. The year saw a continued conversion of many former industrial facilities to alternative uses including office and residential. The negative trend in residential real estate has not filtered into the commercial/industrial market with median prices maintaining, and in some cases increasing, over 2006. The office market saw an ...