Rhode Island

Progress requires steadfast dedication and prudent actions - by William Fazioli

Change may be inevitable, but growth is certainly optional. As we continue to face ever changing challenges, communities must earnestly commit to carving a path that will lead to improved conditions for its residents. Progress is not automatic. Instead, it happens because

HREC Investment Advisors arranges $6.15 million sale of 88-room Comfort Suites West Warwick to Naranda Hospitality

West Warwick, RI HREC Investment Advisors has arranged the $6.15 million sale of the 88-room Comfort Suites West Warwick Providence, 10 Keyes Way. Naranda Hospitality has acquired the property and will also manage it.

Colbea Enterprises opens two new Seasons Corner Market locations

Scituate, RI Building on its past success, Colbea Enterprises, LLC has opened two more Seasons Corner Markets. One is at 34 Hartford Avenue (Rte. 6) in Scituate, and the second at 947 Douglas Pike (Rte. 7) in Smithfield. Both of these stores are open

Hogan Assocs. and Lila Delman Compass sell 591 Indian Ave. for $2.934 million

Middletown, RI Hogan Associates sold 591 Indian Ave. for $2,934,500. Leslie Hogan of Hogan Associates represented the buyers, and Eric Kirton of Lila Delman Compass represented the sellers.

Foncellino Team of Coldwell Banker Commercial leases 2,000 s/f office space to Ken’s Foods

Cumberland, RI Foncellino Team of Coldwell Banker Commercial Division listed and leased 2,000 s/f of office space on the second floor of the office building at 1985 Mendon Rd. The space was leased by Ken’s Foods which is a family owned and operated

Doherty of Lila Delman Compass sells 'Honeysuckle Lodge' - $9.39 million

Newport, RI Lila Delman Compass continues to lead Rhode Island’s luxury real estate market with the record sale of ‘Honeysuckle Lodge’, 225 Ruggles Ave., for $9,391,635.  According to data maintained by the Rhode Island Statewide MLS,

BankRI provides $7.9 million for refinancing of Hanora Lippitt Mills - 117 affordable housing units owned by Cathedral Development Group

Woonsocket, RI Bank Rhode Island’s (BankRI) commercial real estate division has provided $7.9 million to Cathedral Development Group, Inc. to refinance the Hanora Lippitt Mills housing complex. Located at 1 Main St., Hanora Lippitt Mills features

Smedberg rejoins VHB

Providence, RI VHB welcomes Robert Smedberg, PE, back to the team as their company-wide institutions market leader. Smedberg brings 25 years of experience to his new role, including 17 years at VHB from 2022 to 2019. Smedberg’s experience includes his most recent role as client sector leader at another

Boland of Mott & Chace Sotheby’s sells 136 Adams Point Rd. for $3.5 million

Barrington, RI Mott & Chace Sotheby’s International Realty sold 136 Adams Point Rd. for $3.5 million. Jennifer Boland, sales associate of Mott & Chace Sotheby’s International Realty represented the seller. Jeanne Derham of RE/ MAX River

MG Commercial sells 17,260 s/f industrial building for $1.175 million

East Providence, RI George Paskalis, SIOR and Julie Freshman of MG Commercial Real Estate completed the sale of a 17,260 s/f industrial building located at 260 Narragansett Park Dr. The building, situated on 1.07 acres, was purchased by 2002 Ruthman Family Trust. The