Rhode Island

City of Warwick issues Request for Proposals - by Frank Picozzi

Several years ago, the Warwick school committee consolidated some schools, and, as required by city charter, returned their care and custody back to the city. The city has begun issuing Requests for Proposals (RFP) for these properties. In May, the city council approved

Alves of Elite Group at KW Commercial sells 216 Wood Ave.

Woonsocket, RI Michael Alves of the Elite Group at KW Commercial sold 216 Wood Ave. on behalf of Joel Alleyne seller and Robert Fox on behalf of Anthony Giuliani buyer. Elite Group acted on behalf of both the buyer and seller.

Hancock Assoc.’s staff license expand services in Rhode Island

Marlborough, MA Hancock Associates said that Dan Bremser, PLS has passed the R.I. Professional Land Surveyors exam. Bremser is a senior project manager in Hancock’s office located at 315 Elm St.

Pebblebrook Hotel Trust acquires Gurney’s Newport Resort & Marina for $174 million

Newport, RI Pebblebrook Hotel Trust acquired the AAA Four Diamond 257-room Gurney’s Newport Resort & Marina (Gurney’s Newport) for $174.0 million.

Brackenbury of BankRI provides $3.5 million for expansion of 401 Storage

Warwick, RI The Commercial Real Estate Division of Bank Rhode Island (BankRI) finalized a deal with Malibu Investments, LLC to provide a second round of financing for the expansion of 401 Storage. The bank is providing $3.5 million in capital to facilitate construction.

Capstone Properties negotiates two deals: sells 20,156 s/f industrial for $1.15 million and leases 19,840 s/f

Providence, RI Neil Amper, SIOR and Chris Greenman of Capstone Properties have sold a 20,156  s/f building located at 12-14 Lehigh St. The property was owned by Bloomfield Realty and was formerly occupied by Lehigh Metals. It was purchased by Monarch Industries for $1.15 million.

Hogan Assocs. sells 43 Hoover Rd. - $2.6 million

Middletown, RI Hogan Associates brokered the April 4, 2022 sale of 43 Hoover Rd., a modern home located off Tuckerman Ave. The property sold for $2.6 million. Caroline Richards of Hogan Associates represented the buyer, and Dina Karousos and Nicole Lucenti of Gustave White Sotheby’s represented the seller.

Schiffman and Mayer of Residential Properties Ltd. close sale of 159-161 Emeline St. - $1 million

Providence, RI Residential Properties Ltd. (RPL) closed the sale of 159-161 Emeline St. on the city’s East Side for $1 million. RPL sales associate Gerri Schiffman represented the seller as the listing agent and RPL broker associate Rebecca Mayer represented the buyer as the selling agent in this transaction.

Gov. McKee tours Flex Technology Park building #5 at Quonset - by Steven King

As New England’s  leading business park with over 200 companies and 12,900 working here, the Quonset Development Corp. (QDC) team takes pride in providing flexible space options for both existing companies looking to expand and new arrivals to the park.

Joyal, Tollefson, and Warburg of Lila Delman Compass sell $9.5 million in Quonochontaug

Charlestown, RI Lila Delman Compass brokered the sale of 648-A West Beach Rd. in the village of Quonochontaug for $9.5 million. Lila Delman Compass represented both sides of this sale, with Lori Joyal, managing broker of Lila Delman Compass’ Watch Hill office, representing the seller and George Tollefson