Rhode Island

Rhode Island Infrastructure Bank’s C-PACE program empowers Rhode Island businesses - by Jeffrey Diehl

Rhode Island Infrastructure Bank’s Commercial Property Assessed Clean Energy (C-PACE) program empowers Rhode Island businesses with the tools necessary to make investments in renewable energy and energy efficiency. These upgrades reduce energy costs, in turn, affording commercial property owners the financial flexibility to build capital reserves or re-invest in their business. Furthermore, the off-balance sheet nature of C-PACE transactions allows building owners to maintain existing debt covenants while retaining future financial flexibility. 

Bartels of LLB Architects receives Providence Business News award

Pawtucket, RI Kathleen Bartels, AIA, principal and co-owner of LLB Architects, was recognized by Providence Business News (PBN) with an Achievement Honoree Award at its 2019 Business Women Awards. PBN honors the success of high-achieving women in a variety of industries with these annual awards. 

BankRI provides $28.4 million financing to Cornish Associates for Down City II, LLC

Providence, RI Bank Rhode Island’s (BankRI) Commercial Real Estate Division has provided $28.4 million in financing to Cornish Associates for a major project in downtown, known as Down City II, LLC.

Amper of Capstone Properties sells 18,400 s/f building for $750,000

Warwick, RI Neil Amper, SIOR, vice president of Capstone Properties has sold a 18,400 s/f building located at 101 Hallene Rd. The facility is a trucking terminal  on 2.5 acres and in close proximately to the airport.

Federal tax incentives bring new development to Pawtucket's downtown - by Donald Grebien

Pawtucket’s four opportunity zones are strategically located in areas of the city where increased investment would have the maximum impact and reinforce existing local and state incentives.

Paskalis and Freshman of MG Commercial Real Estate broker $1.2 million sale at 30 Industrial Rd. - a 29,873 s/f manufacturing/warehouse building

Cumberland, RI George Paskalis, SIOR and Julie Freshman of MG Commercial Real Estate completed the sale of a 29,873 s/f fully-leased, multi-tenant manufacturing/warehouse building located at 30 Industrial Rd.  

Rivera joins DiPrete Engineering in Cranston

Cranston, RI DiPrete Engineering has welcomed its newest team member, Sam Rivera. Rivera is working with Eric Prive, senior project manager, serving as his supervisor.

Mott & Chace Sotheby’s International sells historic John Stacy House for $1.525 million

Newport, RI The historic John Stacy House c.1845, located at 7 Bowery St., has sold for $1.525 million. This is the highest multifamily transaction in the state so far this year and the third highest multifamily transaction in the last twelve months. 

Making improvements to popular recreational facilities and cultural and historical resources - by Joseph Solomon

As the summer approaches, we’re making a number of improvements to some of our most popular recreational facilities and cultural and historical resources.

Schminky joins Gilbane Development Company as portfolio marketing manager

Providence, RI According to Gilbane Development Company(GDCo), the real estate development, financing, and ownership arm of Gilbane, Inc., Karissa Schminky has been appointed as portfolio marketing manager.