Rhode Island

Brady of Cornerstone Realty Capital arranges $2.6 million in financing

Woonsocket, RI Cornerstone Realty Capital arranged $2.6 million in financing for an apartment complex, known as Peters River Residences, that includes 36 two-bedroom, one-bathroom apartments spread amongst three buildings.

CBRE sells 64,000 s/f multi-unit flex building in Pawtucket

Pawtucket, RI CBRE completed the sale of 670-710 Narragansett Park Dr., a 64,000 s/f modern multi-unit flex building, for an undisclosed price. CBRE’s Alden Anderson and Dan Cregan exclusively represented the seller, Marshall Properties, Inc., and procured the buyer, Legacy Gansett LLC

Lila Delman Real Estate sells Mainstay Hotel for $14.34 million

Newport, RI Lila Delman Real Estate completed the sale of the Mainstay Hotel at 151 Admiral Kalbfus Rd. for $14.34 million. David Lawrence, ...

Alves and Corkum of KW Elite Commercial broker $360,000

Cranston, RI Michael Alves and Cindy Corkum of KW Elite Commercial Realty sold two 3-unit buildings at 199-205 Grand Ave. for $360...

Deluski of BankRI finances $20.5 million loan to Hammetts Wharf, LLC for the construction of an 84-room hotel on America’s Cup Ave.

Newport, RI During Q4 of 2018, the Commercial Real Estate Division of Bank Rhode Island (BankRI) procured financing to provide a $20.5 milli...

Amper of Capstone Properties sells 13.8 acres for $950,000

West Kingston, RI Neil Amper, SIOR, of Capstone Properties has sold 13.8 acres to Fairgrounds Commerce Park LLC.  The property, bordered by Fairgrounds Rd., Kingstown Rd. (Rte. 138), Waites Corner Rd. and train tracks, and is within one mile of the University of Rhode

Greystone Real Estate Advisors sells two properties totaling 272 units

Cumberland, RI Greystone Real Estate Advisors has closed the sale of a two-property senior living portfolio for an undisclosed price. M...

City assisting developers through its permitting process: Bringing in new jobs and residents - by Donald Grebien

The City of Pawtucket, together with the City Council, the Pawtucket Redevelopment Agency, and the Pawtucket Business Development Corporation continue to roll out the red carpet to assist developers through the city’s regulatory permitting process. Once these projects are completed they will bring new jobs and residents to the community.

Even though it’s cold outside, we are looking ahead to spring - by Joseph Solomon

It’s difficult to believe the first month of the New Year has already come and gone. Though we are still very much in the thick of winter, unbelievably we are beginning to look ahead to our springtime plans and projects in the city. 

Annual report highlights Quonset’s 2018 successes - by Steven King

Steven King, PE, is the managing director of the Quonset Development Corp., North Kingstown, R.I. ...