Ancora L&G to develop 210,000 s/f life sciences
building at 150 Richmond St. in Providence, RI

Providence, RI Ancora L&G has launched construction of a new life sciences building on a parcel of land at 150 Richmond St. Ancora L&G will develop a 210,000 s/f building designed specifically to bring a diverse set

Bank Rhode Island provides $6.5 million financing to to Washington Street Holdco, LLC for construction of 27-unit apartment

Providence, RI The commercial real estate division of Bank Rhode Island (BankRI) has provided $6.5 million to Washington Street Holdco, LLC for the construction of a four-story apartment. The complex is being built at 473 Washington St.

Schultheis of Sweeney Real Estate & Appraisal sells 2,820 s/f restaurant for $1.1 million

Westerly, RI Dragon Palace of Westerly, LLC purchased the real estate located at 162 Granite St. from PCFP Westerly Real Estate LLC. Dragon Palace has been leasing the 2,820 s/f restaurant since

Rhode Island Health and Educational Building Corp. closes on $93.5 million bond to finance new Central Falls High School

Central Falls, RI The Rhode Island Health and Educational Building Corp. (RIHEBC) closed on a $93.52 million bond issue to finance the construction, furnishing, and equipping of a new 123,844 s/f high school at the corner of Lonsdale Ave.

Schultheis of Sweeney Real Estate & Appraisal sells 10,256 s/f bank branch for $975,000

Pawtucket, RI Eric Schultheis of Sweeney Real Estate & Appraisal represented the owners of 727 Central Ave. and 1202 Newport Ave. in the sale to Backstone Valley Advocacy Center.

Boyle of LandVest completes $8m sale of 458 Poppasquash Rd.

Bristol, RI LandVest has completed the highest sale of a residential property in the town on record. 458 Poppasquash Rd., listed by LandVest agent Terry Boyle, closed for $8 million on August 1^st. It was listed by Boyle for $7.975 million

Marcus & Millichap brokers sale of 24,750 s/f retail site for $4.8 million

Cranston, RI Marcus & Millichap negotiated the sale of Park Avenue Plaza, a 24,750 s/f retail property. The asset sold for $4.8 million. Park Avenue Plaza is a well maintained, fully stabilized property with strong,

CIC Providence celebrates IEA as 10,000th client

Providence, RI CIC Providence hosted a ribbon cutting ceremony to celebrate the welcoming of its 10,000^th client, IEA (Infrastructure and Energy Alternatives). The event took place at CIC Providence and included remarks from CIC chief marketing

Alves and Fox of Elite Comm’l. sell 8-units at 107 Sacred Heart

Central Falls, RI Michael Alves and Robert Fox of Elite Commercial Realty sold a former assisted living facility at 107 Sacred Heart.

Colliers arranges $39 million sale of 550,000 s/f
for Brookwood Financial to Albany Road

West Warwick, RI Colliers has arranged the $39 million sale of an office and warehouse property at 1600 Division Rd. A Colliers team led by managing directors Frank Petz and Matt Sherry, along with vice president of Capital Markets,