Rhode Island

CoStar’s Impact Awards winners for Providence

Providence, RI CoStar named the following 2023 CoStar Impact Awards winners in the Providence market. Lease of the Year487 Jefferson Blvd., Bierman Autism Centers, Leeds Mitchell, MG Commercial Real Estate

Arpin International Group promotes Somweber to vice president, GSA Services

West Warwick, RI Arpin International Group has promoted Matthew Somweber from director to vice president of its GSA Services division. Somweber began his 20-year career in the household goods moving and storage industry when he joined Arpin International Group in 2003

Providence mayor Smiley names Thomas director of economic development

Providence, RI Mayor Brett Smiley appointed Cassandra Thomas as director of economic development for the city. Thomas is an experienced professional that brings a community-centric and innovation-driven approach to economic development, focused on creating

Cocuzzo, Zexter, Fava and Carruth join Compass Providence office

Providence, RI Compass, the #1 residential real estate brokerage in the United States*, continues to grow the company’s Providence office with the addition of four new sales associates. Katie Cocuzzo, Kelly Zexter,

JLL arranges $17.28 million for FoxRock’s 282,924 s/f office/industrial 1 Albion Rd.

Lincoln, RI JLL Capital Markets has arranged a $17.28 million refinancing for 1 Albion Rd., a two-building office and industrial property totaling 282,924 s/f.

Roger Williams University’s first annual real estate symposium explores the future of commercial real estate development

Providence, RI As the pandemic has spurred a tremendous paradigm shift in how we live, work and shop, challenges from falling interest rates, rising vacancies and the tension between sustainability and profitability are also contributing to a rethinking of how to approach real estate investment,

Casey of Sweeney Real Estate & Appraisal and Skeffington of Realty Center lease 4,631 s/f to Gursky|Wiens

Warwick, RI Gursky|Wiens Attorney’s at Law leased the top floor, 4,631 s/f of office space, at 20 Centerville Rd. The three-story brick office building is located in Apponaug Village across from the AAA building, next to Plant City X.

The Davis Cos. acquires 122,000 s/f biomanufacturing facility and 15.5 acre parcel

Smithfield, RI The Davis Companies (Davis) has acquired an improved, 122,000 s/f biomanufacturing facility at 100 Technology Way. The acquisition also includes a vacant 15.5-acre development parcel with master plan approvals for an additional biotech manufacturing facility of up to 175,000 s/f.

McGovern of Residential Properties Ltd. sells 21.3 acres for $1.45 million

South Kingstown, RI Residential Properties Ltd. (RPL) negotiated the sale of 1 Camp Fuller Rd. for $1.45 million. RPL broker associate Galen McGovern represented the buyer as the selling agent in this transaction. According to State-Wide MLS data, this is the highest vacant land sale in South Kingstown ever recorded.

Rhode Island Ready initiative - by Steven King

Rhode Island Ready (RI Ready) is a statewide industrial site readiness initiative backed by $40 million overwhelmingly approved by voters in 2021. We launched the program in January of 2022 to help streamline industrial development across the state–ultimately bringing jobs to Rhode Islanders and tax revenue to communities.