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Quonset’s award winning wastewater treatment facility - by Steven King
August 11, 2023
There are many factors to consider when a company chooses a place to do business, not least of which is the available infrastructure. Infrastructure – the utilities, transportation assets, and other elements that support a business – are an essential consideration in location choice.
Alves and Fox of Elite Comm’l. sell 8-units at 107 Sacred Heart
August 11, 2023
Central Falls, RI Michael Alves and Robert Fox of Elite Commercial Realty sold a former assisted living facility at 107 Sacred Heart.
Almeida of Mello Group named Greater Providence Board of Realtors' 2023 Realtor of the Year
August 11, 2023
Providence, RI The Greater Providence Board of Realtors (GPBOR) named Ashley Almeida of The Mello Group, as the recipient of the 2023 Realtor of the Year (ROTY) Award. As a licensed real estate professional in R.I. and Mass., and a member of the GPBOR board of directors
Finegold Alexander Architects celebrates Gladstone Elementary School groundbreaking
August 11, 2023
Cranston, RI Finegold Alexander Architects celebrated the groundbreaking of new ground-up Gladstone Elementary School, on, July 20th. Superintendent of Schools Jeannine Nota-Masse, mayor Kenneth Hopkins, school committee chairperson Michael Traficante,
City of East Providence invests in Riverside Square - by Mayor Roberto DaSilva
August 11, 2023
The city of East Providence’s Riverside Square neighborhood is once again becoming a thriving Main St. area thanks to the efforts of the local business community and targeted public investment. Visitors to the square today will find a vibrant, walkable area with users of the East Bay Bike Path stopping at its locally owned businesses. However, this wasn’t always the case.
CIC Providence celebrates IEA as 10,000th client
August 11, 2023
Providence, RI CIC Providence hosted a ribbon cutting ceremony to celebrate the welcoming of its 10,000th client, IEA (Infrastructure and Energy Alternatives). The event took place at CIC Providence and included remarks from CIC chief marketing
Marcus & Millichap brokers sale of 24,750 s/f retail site for $4.8 million
August 11, 2023
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,
Boyle of LandVest completes $8m sale of 458 Poppasquash Rd.
August 11, 2023
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 1st. It was listed by Boyle for $7.975 million
Siefert promoted to COO for Quonset Development Corp.
August 11, 2023
North Kingstown, RI Chelsea Siefert has been promoted to the role of Quonset Development Corp.’s (QDC) chief operating officer after four years as QDC’s director of planning and development. As COO, she will continue to serve as the liaison between QDC
Giuttari and Feiner of MG Commercial Real Estate sell two properties for Catholic Church
August 11, 2023
Warwick, RI Mike Giuttari, SIOR and Dan Feiner of MG Commercial Real Estate sold two properties for the Catholic Diocese of Providence for $2.6 million. St. Francis of Assisi at 596-616 Jefferson Blvd., and St. Catherines Cathedral Church at 3248 Post Rd.
Schultheis of Sweeney Real Estate & Appraisal sells 10,256 s/f bank branch for $975,000
August 11, 2023
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.
Colliers arranges $39 million sale of 550,000 s/f
for Brookwood Financial to Albany Road
August 11, 2023
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,
Worth Avenue Capital, LLC closes two loans totaling $1.125 million
August 11, 2023
Westport, CT Worth Avenue Capital, LLC (WAC) closed a $300,000 commercial loan for a Connecticut-based real estate developer. The loan proceeds will be used for working capital purposes for his various real estate projects that are evolving.
Maugel DeStefano Architects designs new bank branch for Milford Federal Bank
August 11, 2023
Milford, MA Maugel DeStefano Architects has begun construction on a new Milford Federal Bank branch located at 67 Medway Rd. Sited on the high visibility corner of Medway and Branch Sts., the ground-up construction features a large open concept public banking area with exposed structure, individual banking pods
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Rockland Trust provides $4 million in financing for the Greendale Revitalization Initiative
August 11, 2023
Worcester, MA New Garden Park, Inc., a subsidiary of the Worcester Business Development Corp. (WBDC), secured $4 million in financing from Rockland Trust for the initial phases of the Greendale Revitalization Initiative.
Economy on the mend: Hopeful signs abound - by Daniel Calano
August 11, 2023
Economy on the mend: Hopeful signs abound over the last few months of the fears of a long recession have been replaced by the hope of soft landing in the economy. The Federal Reserve Bank, which has increased interest rates dramatically over the year to curb inflation, has shown signs that there will be a pause
Cornerstone Realty Capital arranges $8.125 million in financing
August 11, 2023
Bourne, MA Cornerstone Realty Capital has arranged $8.125 million in financing for the acquisition and renovation of a residential apartment complex. The property sits on a 4.03-acre parcel and is comprised of four 10-unit apartment buildings
The new normal and the last hike - by David Kirk
August 11, 2023
Stewardship of commercial property is basic - fix it, keep it clean, manage and market professionally. With the new normal, some tweaks are more expensive, more creative and more dramatic. Mobility, Wi-Fi and adaptive reuse! As a derivative of the local economy, commercial real estate currently benefits from the demand
Apartment market has its ups and downs during uncertain times - by John Nitz
August 11, 2023
In central Connecticut, the apartment market has been fickle during questionable economic times. Last month’s article by Josephine Aberle, MAI, indicated a slowdown in investment activity with a significantly reduced number of commercial sales transactions in 2022, following escalations in mortgage interest rates.