Rhode Island

No relief to inventory shortage in state’s housing market according to Rhode Island Assn. of Realtors

Warwick, RI While still rising, the appreciation in Rhode Island’s median single-family home sales price continued to moderate in August according to the Rhode Island Association of Realtors. While up year-over-year by more than 20% earlier this year, the median home sale in August was $405,000,

R.I. communities launch electricity aggregation programs to support state-based renewables while offering community-wide access to competitively priced electricity

Providence, RI Six Rhode Island cities and towns have joined together to launch aggregation programs that leverage community-wide buying power to provide their residents and businesses with new options for electricity supply. These Community Electricity Aggregation (CEA) programs will focus on providing competitively priced rates while also including additional clean energy from Rhode Island.

Smith, Peterson, Koonce, and Van Gelder of Atlantic Capital Partners sell 123,061 s/f Frenchtown Plaza for $9.5 million

North Kingstown, RI Atlantic Capital Partners negotiated the sale of Frenchtown Plaza, a 123,061 s/f multi-tenant regional shopping center. The shopping center was acquired by Ocean State Job Lot, which also serves as the asset’s anchor tenant. Located 20 minutes south of downtown

Marcus & Millichap arranges sale of 42,200 s/f Spindrift Village - The Cohen Group secures buyer

Westerly, RI Marcus & Millichap arranged the sale of Spindrift Village, a 42,200 s/f retail property, according to Thomas Shihadeh, regional manager of the firm’s Boston and Rhode Island office. The asset sold for $3.4 million. Adam Cohen and Brett Kilar, investment specialists in Marcus & Millichap

Alves and Fox of Elite Group at KW Commercial sell 9-units at 394 Metacom Ave. for $715,000

Warren, RI Michael Alves of the Elite Group at KW Commercial sold 394 Metacom Ave. on behalf of the seller David Sequino for $715,000. Robert Fox of the Elite Group at KW Commercial acted on behalf of the buyer Michael Preshman.

Lila Delman Compass sells 25 East Shore Rd. on Great Island for $2.4 million

Narragansett, RI Lila Delman Compass negotiated the sale of 25 East Shore Rd. for $2,417,875. This transaction marks the highest sale in the history of Great Island, according to data maintained by the Rhode Island Statewide MLS.* Lila Delman Compass participated in both sides of the record sale, with

Five R.I. companies come together to transform building while the business inside stays open

Riverside, RI The thing Rhode Island is perhaps most famous for is for being (at least for the last 245 years) the smallest state in the U.S. A recently completed renovation project in this East Providence neighborhood demonstrates this admirably. One of Rhode Island’s largest

Doorley-Lucas of Mott & Chace sells 28 Narragansett Bay Ave. - $2.65 million

Warwick, RI Mott & Chace Sotheby’s International Realty sold the historic waterfront home at 28 Narragansett Bay Ave. for $2.65 million. Amy Doorley-Lucas, sales associate of Mott & Chace Sotheby’s International Realty, represented the seller

Quonset named sixth best industrial park in America - by Steven King

Quonset has been a top economic generator for Rhode Island for many years, and the national recognition of that success continues. Recently, we were again ranked the sixth best industrial park in America by Business Facilities Magazine.

Proposed residential development options abundant in Warwick - by Frank Picozzi

In recent months, the city has seen a variety of proposals that will increase Warwick’s housing stock and hotel offerings: a 122-room WoodSprings Suites Extended Stay Hotel, 56 townhouse-style and 19 single-family style dwellings now under construction, 238 apartment units that have been approved