Rhode Island

Freshman and Giuttari of MG Commercial sell $8.3 million industrial site Phillipsdale Landing

East Providence, RI Julie Freshman and Mike Giuttari, SIOR of MG Commercial have sold a 340,000 s/f, industrial complex known as Phillipsdale Landing, located at 310 Bourne Ave. for Bourne Holdings LLC to Phillipsdale Holdings, LLC of Los Angeles for $8.3 million. The purchaser

Sweeney Real Estate and Coldwell Banker sell 4,223 s/f 1000 Smith St. for $600,000

Providence, RI 1000 Smith St. sold for $600,000; $25,000 over asking price. The property yielded multiple offers and was purchased by Rosalino Counseling LLC.

Pawtucket reaches out to minorities, women, and disadvantaged businesses - by Donald Grebien

Last month the U.S. Small Business Administration (SBA) hosted an information session at the Cape Verdean American Community Development Center in Pawtucket to celebrate Black History Month.  Some two-dozen local small businesses attended the session that was opened by senator Jack Reed who was joined by SBA New

East Providence is working to improve it's transportation infrastructure - by Roberto DaSilva

High quality transportation infrastructure is a vital public asset that encourages economic investment in our communities. In addition, providing a reliable and safe transportation network that promotes transit choices which will address climate concerns is a top priority of East Providence.

Elite Group of KW Commercial sells 8,000 s/f restaurant

Warren, RI Michael Alves and Robert Fox of the Elite Group at KW Commercial sold 632 Metacom Ave. on behalf of the sellers, Oganes and Hnazant Tagessian. Elite Group also represented the buyer John Cardosi Jr.

Joyal of Lila Delman Compass sets state record for individual sales volume - over $121 million

Watch Hill, RI Lori Joyal, broker associate and sales manager of Lila Delman Compass’ local office, set statewide records in 2021, having individually closed $121,163,111 in sales volume and ranking as the top individual agent in the state for the third year in a row.

Cushman & Wakefield arranges $26.9 million sale of 135-unit Rising Sun Mills - a 135-unit multifamily community

Providence, RI Cushman & Wakefield has arranged the sale of Rising Sun Mills, a 135-unit multifamily community at 166 Valley St.  The final sale price was $26.9 million. Cushman & Wakefield’s Chris Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Kevin Jones,

Fischman of Greystone secures $14.9 million refinancing for Merchants Village Apartments in Westerly

Westerly, RI Greystone has provided a $14.9 million, HUD-insured loan to refinance a 116-unit affordable housing property. The transaction was originated by managing director Lisa Fischman, with Greystone’s New York office.

Klein, Drinkwater, and Richard of Marcus & Millichap sell 479,000 s/f

Cumberland, RI Marcus & Millichap negotiated the sale of 1 Ann and Hope Way, a 479,000 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3.5 million.

Freshman and Giuttari of MG Commercial lease 12,634 s/f industrial to Bento Sushi

Lincoln, RI Julie Freshman and Mike Giuttari, SIOR of MG Commercial have leased a 12,634 s/f, modern industrial building at 263 Jenckes Hill Rd. for Jenckes Hill Development, LLC to Bento Nouveau, Inc. based in Toronto, CN and London, UK. Bento Sushi was looking to