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Skanska awarded $625m contract
for design-build of I-95 15 project
October 11, 2024
Providence, RI Skanska’s joint venture, along with McCourt Construction and AETNA Bridge Company, has been awarded a $625 million contract by the Rhode Island Department of Transportation (RIDOT) for the design-build of the I-95 15 project. The project will remove 15
City of East Providence invests in public safety - by Roberto DaSilva
October 11, 2024
The City of East Providence maintains a high quality of life with a thriving business community, desirable residential areas, abundant culture and recreational activities and more. These characteristics are all bolstered by the city’s ongoing investments in public safety.
The City of Warwick is the perfect choice - by Frank Picozzi
October 11, 2024
The late summer sky was bright and the mood festive at the family-friendly “Best in Town” event at Rhode Island’s first Floor & Décor store. Those looking to make some home improvements strolled through the warehouse, admiring the well-stocked aisles, fair
Kern of Sweeney Real Estate & Appraisal sells 3,223 s/f Millers Tavern restaurant
October 11, 2024
Lincoln, RI Joseph Kern of Sweeney Real Estate & Appraisal represented the seller in the sale of Millers Tavern, located at 48 School St. The property is a 3,223 s/f turn-key restaurant situated on a .68-acre lot. The buyers plan to reopen the establishment as Cool Pickle
Joyal of Lila Delman Compass sells 419 West Beach Rd. for $7.5 million
October 11, 2024
Charlestown, RI Lila Delman Compass negotiated the sale of 419 West Beach Rd. for $7.5 million. Lori Joyal of Lila Delman Compass’ Watch Hill office represented the buyer and the seller. This sale marks the highest sale in town in 2024, according to data
Del Borgo of Places & Spaces named Greater Providence Board of Realtors 2024 Realtor of the Year
October 11, 2024
Cranston, RI Águeda Del Borgo, broker/owner of Places & Spaces Realty, LLC, has been honored as the Greater Providence Board of Realtors (GPBOR) 2024 Realtor of the Year. Del Borgo holds accredited designations including At Home with Diversity
Paskalis and Freshman of MG Commercial sell 96,323 s/f industrial building
October 11, 2024
Coventry, RI George Paskalis, SIOR/partner and Julie Freshman, member associate SIOR/vice president of MG Commercial Real Estate completed the sale of a 96,323 s/f industrial building situated on 16.7 acres in Coventry and Cranston at 538 Main St. for the seller,
The Armory Revival and Peabody Properties
celebrate grand opening of 59-unit Solara
October 11, 2024
Tiverton, RI The Armory Revival Company, with 38 years of experience in planning, rehabbing and marketing historic buildings in southeastern New England, and Peabody Properties, an affiliate of The Peabody Companies, a group of award-winning property management and real
Real Estate Finance Association leaps into a packed fall
October 11, 2024
Boston, MA Sponsorships and tickets are available for the 36th Annual REFA Gala on Thursday, October 17th at the Omni Boston at the Seaport, honoring Paul Nasser, president, Intercontinental Real Estate Corp. with the Swain Distinguished Service Award.
Meshacket Commons in Edgartown on Martha’s Vineyard receives $19.75 million financing from Rocklan...
October 11, 2024
Edgartown, MA Rockland Trust has provided $19.75 million of construction financing in partnership with Affirmative Investments, Inc. and the non-profit Island Housing Trust for the development of Meshacket Commons. Located in Martha’s Vineyard’s historic Edgartown, this development
Boston Residential Group secures $90 million in financing to develop 55 India St. on the Greenway in...
October 11, 2024
Boston, MA Boston Residential Group (BRG) has secured $90 million in financing to develop 55 India St., the last open development site on the Greenway in downtown. BRG will build a 12-story, glass-facade condominium tower at the site, featuring 29 two- and three-bedroom units
JLL arranges $94 million refinancing for LINX, a 185,015 s/f life sciences building in Watertown, MA...
October 11, 2024
Watertown, MA JLL?Capital Markets has arranged a $94 million refinancing for LINX, a 185,015 s/f, class A life sciences building. JLL worked on behalf of the borrower, Clarion Partners, to secure the five-year loan through Société Générale, whose team was led by Tim Hallock, managing director.
Back to the office?? Say it ain’t so! - by Daniel Calano
October 11, 2024
It’s been only about six months since I wrote an article on why remote work was here to stay, a way of life. The data showed that, at a minimum, working from home would be most of the time, with perhaps only a few visits to the office to catch up, meet up, and see what’s new.
Commercial real estate property in the fall - by David Kirk
October 11, 2024
The Counselors of Real Estate (CRE) did not disappoint in NYC. Out of the box at the annual meeting of the CRE, NYC is active, if not vibrant. A grand variety of sub market volcanic eruptions. The five Burroughs are caring and sharing. And transactions are occurring and activity ramping.
CATIC launches Versapay for agents
October 11, 2024
Rocky Hill, CT CATIC continues to achieve its goals of enhancing the agent experience with the company. The latest improvement, the implementation of Versapay, will allow their agents to better manage part of their transaction workflow in a safe and secure manner.
Interest rates - Not so fast! - by William Pastuszek
October 11, 2024
Long awaited, the Federal Reserve dropped the “benchmark” federal funds rate to the 4.75 to 5% range, a 50 basis point drop. The statement from the Fed’s rate-setting committee noted the decrease was made “in light of the progress on inflation and the balance of risks.
Bhat of Marcus & Millichap Capital Corp. handles
$5.1m financing for 22-unit multifamily proper...
October 11, 2024
Framingham, MA Marcus & Millichap Capital Corp. (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $5.1 million financing for the acquisition of a 22-unit multifamily property located at 10 Centennial Place.
Stewart, Morris, and Szwalbenest of Cronheim Mortgage complete $7.4 million refi. of the Merrill Roa...
October 11, 2024
Pittsfield, MA Cronheim Mortgage has secured $7.4 million for the refinancing of the Merrill Road Retail Plaza, a 125,000 s/f neighborhood shopping center. Andrew Stewart, Dev Morris, and Brandon Szwalbenest of Cronheim secured the financing on behalf of Phoenix Realty Management,
Sidel of EagleBridge Capital arranges $9.2
million refinancing for two-story, 61,177 s/f propert...
October 11, 2024
Marlborough, MA EagleBridge Capital, has arranged mortgage refinancing in the amount of $9.2 million for 33 Locke Dr. The mortgage financing was arranged by EagleBridge principal Ted Sidel who said that the loan was provided by a leading regional financial institution.