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Case study: SolarEdge helps community’s solar project achieve maximum efficiency and return on inv...
February 10, 2023
Foster, RI A 6.2MW solar farm provides 3.35 GWh per year of clean, renewable energy for over 700 community solar subscribers. The state of Rhode Island has ambitious targets for renewable energy production, including from solar. Many residents—especially those with the most to gain from
Soby and Fox of Mott & Chace sell 123 Reservoir Rd. for $1.22 million
February 10, 2023
Burrillville, RI Mott & Chace Sotheby’s International Realty brokered the sale of the waterfront home at 123 Reservoir Rd. for $1.22 million. Bridgette Soby, sales associate, and Danielle Fox, sales associate, both of Mott & Chace Sotheby’s International Realty, represented the seller. Jacqueline
Fox and Greene of Compass sell East Side condo for $1.645 million
February 10, 2023
Providence, RI Compass negotiated the sale of 77 South Angell St., Unit 101, marking the highest condominium sale in the history of the East Side of Providence.* The apartment sited in Wayland Sq. closed for $1.645 million. Compass sales associates participated in both sides of this record transaction, with Kevin Fox
Gim of Washington Trust to retire, Noons to be promoted to president/COO
February 10, 2023
Westerly, RI The board of directors of Washington Trust Bancorp, Inc. said that Mark Gim will retire as president and chief operating officer, effective with the corporation’s 2023 annual meeting of shareholders in April. The board also said that Gim was elected to the board of directors of Washington Trust Bancorp, Inc. and its
The Real Estate Finance Association teams up with Breaktime and FamilyAid Boston
February 10, 2023
Boston, MA The Real Estate Finance Association has selected Breaktime and FamilyAid Boston has their charitable partners for a three-year partnership! Breaktime and FamilyAid will be the designated charities of REFA’s signature events, including the Charitable Golf & Tennis Tournament, Gala, Programs, and community service activities.
Quonset Business Park prides itself on providing flexible options - by Steven King
February 10, 2023
Rhode Island’s economy continues to build back from the pandemic and flexibility is still a priority for businesses of all sizes. As New England’s leading business park with over 13,000 people working at more than 200 companies, the Quonset Business Park prides itself on providing flexible options for existing companies, or
Plans in place for recreational improvements for two neighborhoods - by Frank Picozzi
February 10, 2023
As the winter months continue on, many folks’ thoughts are no doubt turning to warmer days ahead and the chance to enjoy the great outdoors. In Warwick, plans are at the ready to begin improvements to recreational areas in the Apponaug and Oakland Beach neighborhoods.
2023 promises a lot - by Brett Pelletier
February 10, 2023
What that is, exactly, I’m not sure. I don’t make predictions and I don’t do forecasts. I leave that to the economists and the fortune tellers.
Pinning down development variables: Increasingly impossible? - Daniel Calano
February 10, 2023
I was talking to a mid-size company developer client recently, and asked what I thought was a routine question: What was his next project? Instead of the usual description, he said there was none. He was retiring. The variables in development were too many and too unclear. The risks were simply too high.
Challenges of the appraisal profession - by John Nitz
February 10, 2023
Over the years, it is no secret that real estate appraisers have faced many challenges within their profession. In this article, I will discuss some of my own professional challenges over the past 37 years. Some of these challenges include completing the educational requirements, submitting appraisal reports on time, finding qualified help, appraising complex property types, and collecting fees from clients.
Appraisal modernization and appraisal trends - by William Pastuszek
February 10, 2023
Appraisals, appraisers, and the appraisal process have received much scrutiny over the past couple of years. This is particularly so in the residential sector, where the appraisal community has entertained much attention from housing and anti-discrimination advocates. This movement includes questions and concerns about the structure and regulation of the appraisal industry.
Compass closes over $1 billion in Rhode Island sales in 2022
February 10, 2023
Providence, RI Compass has marked another record-breaking year for the firm and its valued Rhode Island clients. Compass owns and operates twelve offices in the state as Compass, Lila Delman Compass, and Randall Realtors Compass and is home to over 250 sales associates. Together in 2022, Compass sales associates
Army of The Foster Company earns MAI designation from the Appraisal Institute
February 10, 2023
Leominster, MA According to The Foster Company, Inc., Francis Army has achieved the MAI designation from the Appraisal Institute. Allan Foster, president of The Foster Company said, “Frank has been a tremendous addition to our firm as an appraiser and in helping to manage the business.
Beacon Communities and Harborlight Homes close on financing to redevelop Briscoe School
February 10, 2023
Beverly, MA - Beacon Communities and Harborlight Homes have closed on financing to redevelop the historic former home of the Briscoe School into a mixed-use community, centered around affordable housing for seniors, to be called Beverly Village for Living and the Arts. The financing marks the first time a Massachusetts affordable housing
Eastern Bank adds Done Right Building Facility Services as commercial customer
February 10, 2023
Boston, MA According to Eastern Bank, Done Right Building Services, Inc. (DRB Facility Services) is a new commercial customer of the bank. The team advising DRB Facility Services includes executive vice president, senior commercial banking officer Greg Buscone, senior vice president and commercial group director Dan Field, and senior vice president and commercial team leader James Murphy.
Hope & Main Makers Marketplace opens eatery
at 100 Westminster in Providence, RI on January 18th...
February 10, 2023
Providence, RI Hope & Main, the state’s first food business incubator, officially opened the doors of its downtown location on January 18th. This new urban eatery and local market located at 100 Westminster St. will showcase foods and products from the food incubator’s member community. With support
Foncellino Team at Coldwell Banker Commercial leases 3,000 s/f at Forbes Sq.
February 10, 2023
East Providence, RI The Foncellino Team at Coldwell Banker Commercial listed and leased a 3,000 s/f retail unit at Forbes Sq., 1235 Wampanoag Trail. The tenant is a new franchisee for Fred Astaire Dance Studios. They will be remodeling the space to meet their needs.
Fantini & Gorga arranges $41million financing for Woodfield Commons
February 10, 2023
Canton, MA Fantini & Gorga has arranged $41 million in acquisition financing on behalf of its client, MCG Canton Arboretum, LLC, a leading multifamily investment and management firm based in Boston. MCG Canton purchased Woodfield Commons, a 156-unit residential community.
Ribbon cutting held at new Pawtucket-Central Falls Transit Center
February 10, 2023
Pawtucket, RI Mayor Donald Grebien joined governor Dan McKee, lieutenant governor Sabina Matos, U.S. senators Jack Reed and Sheldon Whitehouse, congressmen David Cicilline and Seth Magaziner, secretary of state Gregg Amore, general treasurer James Diossa, and Central Falls council president Bob Ferri, for the grand opening of
Infrastructure investments position East Providence for continued economic growth - by Roberto DaSil...
February 10, 2023
East Providence is investing in public infrastructure to become more environmentally and economically resilient. The city is leveraging municipal funds to obtain grant funding from state and federal agencies to accomplish the goal of supporting existing and future economic growth. Through targeted investments in protecting natural resources