Rhode Island

Bank Rhode Island provides $6.5 million financing to to Washington Street Holdco, LLC for construction of 27-unit apartment

Providence, RI The commercial real estate division of Bank Rhode Island (BankRI) has provided $6.5 million to Washington Street Holdco, LLC for the construction of a four-story apartment. The complex is being built at 473 Washington St.

Schultheis of Sweeney Real Estate & Appraisal sells 2,820 s/f restaurant for $1.1 million

Westerly, RI Dragon Palace of Westerly, LLC purchased the real estate located at 162 Granite St. from PCFP Westerly Real Estate LLC. Dragon Palace has been leasing the 2,820 s/f restaurant since

Rhode Island Health and Educational Building Corp. closes on $93.5 million bond to finance new Central Falls High School

Central Falls, RI The Rhode Island Health and Educational Building Corp. (RIHEBC) closed on a $93.52 million bond issue to finance the construction, furnishing, and equipping of a new 123,844 s/f high school at the corner of Lonsdale Ave.

Schultheis of Sweeney Real Estate & Appraisal sells 10,256 s/f bank branch for $975,000

Pawtucket, RI Eric Schultheis of Sweeney Real Estate & Appraisal represented the owners of 727 Central Ave. and 1202 Newport Ave. in the sale to Backstone Valley Advocacy Center.

Boyle of LandVest completes $8m sale of 458 Poppasquash Rd.

Bristol, RI LandVest has completed the highest sale of a residential property in the town on record. 458 Poppasquash Rd., listed by LandVest agent Terry Boyle, closed for $8 million on August 1st. It was listed by Boyle for $7.975 million

Marcus & Millichap brokers sale of 24,750 s/f retail site for $4.8 million

Cranston, RI Marcus & Millichap negotiated the sale of Park Avenue Plaza, a 24,750 s/f retail property. The asset sold for $4.8 million. Park Avenue Plaza is a well maintained, fully stabilized property with strong,

CIC Providence celebrates IEA as 10,000th client

Providence, RI CIC Providence hosted a ribbon cutting ceremony to celebrate the welcoming of its 10,000th client, IEA (Infrastructure and Energy Alternatives). The event took place at CIC Providence and included remarks from CIC chief marketing

Alves and Fox of Elite Comm’l. sell 8-units at 107 Sacred Heart

Central Falls, RI Michael Alves and Robert Fox of Elite Commercial Realty sold a former assisted living facility at 107 Sacred Heart.

Colliers arranges $39 million sale of 550,000 s/f
for Brookwood Financial to Albany Road

West Warwick, RI Colliers has arranged the $39 million sale of an office and warehouse property at 1600 Division Rd. A Colliers team led by managing directors Frank Petz and Matt Sherry, along with vice president of Capital Markets,

Giuttari and Feiner of MG Commercial Real Estate sell two properties for Catholic Church

Warwick, RI Mike Giuttari, SIOR and Dan Feiner of MG Commercial Real Estate sold two properties for the Catholic Diocese of Providence for $2.6 million. St. Francis of Assisi at 596-616 Jefferson Blvd., and St. Catherines Cathedral Church at 3248 Post Rd.