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Shawmut Design and Construction break ground on The American Repertory Theater at Harvard University...
July 5, 2024
Cambridge, MA According to Shawmut Design and Construction, a $1.6 billion national construction management firm, construction is underway on the new home for the American Repertory Theater
Nine things left by the Navy that are key to success at Quonset today - by Steven King
July 12, 2024
The modern Quonset Business Park is Rhode Island’s leading engine of job creation and economic growth. The park hosts 239 companies and over 14,000 jobs. That success rests on the foundation of two neighboring, now-closed military bases built by the U.S. Navy
Wright of Lila Delman Compass sells Stone Harbour condo for $2.36 million
July 12, 2024
Bristol, RI Lila Delman Compass brokered the sale of 345 Thames St., Unit 310N in Stone Harbour complex for $2.36 million. Alyce Wright, sales associate of Lila Delman Compass’ Newport office, represented the seller in this transaction.
Bentley Builders breaks ground on Greenwood Credit Union City Hall Plaza - by Frank Picozzi
July 12, 2024
Following a ceremonial groundbreaking last month, crews from Bentley Builders LLC, have been busy, fencing off the area behind City Hall and getting to work prepping the site before they begin construction of the future Greenwood Credit Union City Hall Plaza.
Foncellino Team at Coldwell Banker leases 3,200 s/f industrial/flex
July 12, 2024
Cumberland, RI Foncellino Team of Coldwell Banker commercial division, listed and leased 1985 Mendon Rd., a 3,200 s/f industrial/flex building. The space, with celling heights of 22 ft. and two overhead doors,
The future is bright for East Providence’s Henderson Parkway - by Roberto DaSilva
July 12, 2024
The city of East Providence recently received the good news that the R.I. Department of Transportation (RIDOT) has been awarded a $25 million grant for phase two of the ongoing Henderson Bridge reconstruction project. Funding is from the U.S. Department of Transportation’s Rebuilding American
DiPrete Engineering promotes Giroux to principal; Reilly, Dellit, Rego and Barone to Executive Leade...
July 12, 2024
Cranston, RI DiPrete Engineering has promoted five employees: Brian Giroux, PE to principal; Nicole Reilly, MS, PE, LEED AP into the firm’s Executive Leadership Program; Brett Dellit, PE into the firm’s Executive Leadership Program; Merri Rego, SHRM-CP into the firm’s Executive
Mayer and Greene of Compass Providence sell 40 Oriole Ave. for $2.7 million
July 12, 2024
Providence, RI Compass brokered the sale of 40 Oriole Ave. for $2.7 million. Rebecca Mayer, of Compass Providence, represented the seller, while Kira Greene, also of Compass Providence, represented the buyer.
Huntley and Nadler of Horvath & Tremblay
sell two retail properties for $2.66 million
July 12, 2024
Warwick, RI Aaron Huntley and Matt Nadler of Horvath & Tremblay have completed the sale of Chipotle at 969 Bald Hill Rd. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1.75 million. Chipotle
Real Estate Finance Association jumps into summer with golf and tennis tournament
July 12, 2024
Boston, MA REFA’s DEI Committee hosted its first panel on June 18th, Capital Conversations: Navigating Wealth Creation, Equity, and Real Estate Investment at Nutter, 155 Seaport Blvd. The session showcased speakers: Onay Payne, senior managing director at Manulife Investment Management;
Jones joins Eastern Bank as senior vice president, community development lending team leader
July 12, 2024
Boston, MA Eastern Bank has welcomed Erik Jones as a senior vice president, community development lending team leader. Jones brings deep experience in lending for a broad array of corporate and tax-exempt organizations in the healthcare, education, human services and philanthropic communities.
Trinity Financial to revitalize The Aeolian Company
building in Meriden, CT with $56 million inv...
July 12, 2024
Meriden, CT The Aeolian Company building, a manufacturing facility for automatic player pianos established in 1887 and a significant part of the town’s history, is set to experience a significant redevelopment. Located at 85 Tremont St., the long-underutilized complex in the North End neighborhood
The Village Bank hires Francis as vice president, digital banking
July 12, 2024
Newton, MA According to Joseph De Vito, president and CEO of The Village Bank, Clarice Francis has joined the bank as vice president, digital banking. Francis joins the bank after working in the same role at Athol Savings Bank.
Worth Avenue Capital, LLC funds a $4.5 million loan for development of a 320-unit apt. complex in Gl...
July 12, 2024
Glastonbury, CT Worth Avenue Capital, LLC (WAC) closed a $4.5 million commercial loan for one of the premier real estate developers in Southern New England. The loan proceeds will be used by the sponsor to restructure existing debt and for working capital and development purposes on ten plus acres
MassDevelopment issues $17m bond on behalf of 733 Broadway, affiliate of Tremont Development Partner...
July 12, 2024
Lowell, MA MassDevelopment has issued a $17 million tax-exempt bond on behalf of 733 Broadway LLC, an affiliate of Tremont Development Partners LLC (Tremont). The company will use bond proceeds to build a four-story, 52-unit affordable rental housing facility
Affordable housing redux… Look to the past - by Calano
July 12, 2024
There has been so much thought and so many articles on affordable housing…with little movement on solving the problem. Why is it so? Because they focus on market response, which has not responded well. The often touted and most significant problems in the news are summarized,
The Federal Open Markets Committee is foot dragging - by Kirk
July 12, 2024
Being late to the cutting date has started to color commentary on data and apparent conditions. Without much impact on the markets. Go figure. Innovation, including Artificial Intelligence and automaton, personal and business services, construction, among other sectors, are continuing to add jobs while trimming, in different directions.
Automobile dealership industry update for appraisers - by Nitz
July 12, 2024
The performance of auto dealers can have a direct impact on the appraisal of its real estate, i.e. automobile dealerships. Currently the automobile dealership industry faces its challenges and the industry remains uncertain at the close of the second quarter of 2024.
Back to the basics of appraisals in 2024 - by Pastuszek
July 12, 2024
There are times when the appraisal process needs to be reviewed and one’s understanding of the foundational elements renewed. Given current markets, this is a particularly good time to do so. The essence of appraisal is the benchmarking appraisers engage in by comparing the subject of the appraisal to similar properties.
Three North Easton Savings Bank employees graduate from ABA Stonier Graduate School of Banking
July 12, 2024
Easton, MA According to North Easton Savings Bank, three of its employees graduated from the ABA Stonier Graduate School of Banking, a program that equips senior-level bankers with leadership and strategy skills.