Rhode Island

Alves of Elite Commercial at KW sells retail space

North Providence, RI Michael Alves of the Elite Commercial Realty at KW Commercial on behalf of Zhuoquan MA sold unit #1 at 1527 Smith St., the former OSHO Sushi & Bar for $85,000, to Robert Fox on behalf of EBN Business Group, LLC. Elite Group acted on behalf of both the buyer and seller.

City of East Providence invests in education - by Roberto DaSilva

In 2021 the city of East Providence celebrated the opening of its new $190 million high school. The school was the first in Rhode Island built under a state program that includes hundreds of millions of dollars in borrowing that was previously approved by voters. The city paid

Continued momentum at Quonset in 2023 - by Steven King

Quonset is the region’s leading engine of job growth and economic development. The Quonset Business Park is home to 229 companies and more than 13,000 jobs, including one in every five manufacturing jobs in R.I. The Port of Davisville is one of the top 10 auto importers in North America, and the facility

City of Warwick has many exciting developments to look forward to - by Frank Picozzi

While it’s difficult to believe that another year is drawing to a close already, a lot has been accomplished in the city of Warwick throughout 2023, with many exciting developments to look forward to in the New Year.

Providence mayor Smiley designates additional $5.4m to affordable housing developments

Providence, RI Mayor Brett Smiley proposed, and the Providence Redevelopment Agency (PRA) approved, an additional $5.4 million in funding to the Providence Housing Trust to support six new residential projects that will create 152 units of long-term affordable housing

Stanley Tree Service to coordinate holiday signal for Good Night Light’s and Hasbro Children’s Hospital

Smithfield, RI In recognition of the 8th birthday of Good Night Light’s, Stanley Tree Service is coordinating the largest holiday display to date. On Wednesday, December 13 from 8:30 pm to 8:40 pm Stanley Tree Service, Premeer Real Estate

Hayes & Sherry closes on sale of two-acre development site at 27 East River St. for $2.3 million

Providence, RI Hayes & Sherry, a Cushman & Wakefield alliance member, has closed on the $2.3 million sale of 27 East River St., a waterfront property on the capital city’s East Side. The more than two-acre site is planned for a residential development by the buyer.

Kern of Sweeney Real Estate & Appraisal
brokers two sales - $960,000

East Providence, RI Jay Kern of Sweeney Real Estate & Appraisal represented the sellers of 331 Newport Ave. The 3,000 s/f retail building sold for $535,000 to Tiger Lily Montessori School, Inc. represented by Christan Van Horn

Marcus & Millichap Capital arranges $9.1 million
refinance for two multifamily properties

Cranston, RI Marcus & Millichap Capital Corp. (MMCC) arranged $9.1 million for the refinancing of Midway and Pop Lofts, two multifamily properties located adjacent to one another at 125 Midway Rd. and 45 Poplar Dr. Robert Damigella, vice president, capital markets, based out of MMCC’s Boston office, secured the financing.

Shawmut Design and Construction completes 101,000 s/f The Lindemann Performing Arts Center at Brown University

Providence, RI Shawmut Design and Construction joined leaders from Brown University on October 21st to celebrate the completion of The Lindemann Performing Arts Center (The Lindemann). Located centrally in Brown’s Perelman Arts District, the 101,000 s/f building—designed by REX/Joshua Ramus