Rhode Island

City of Pawtucket reinvests in Veterans Memorial Park

Pawtucket, RI The city of Pawtucket continues to reinvest in Veterans Memorial Park. The city has awarded a $330,000 contract to Yard Works Inc. for the construction of a new “Bark Park” dog park at Fairlawn Veterans Memorial Park (271 Smithfield Ave.) in the city’s Fairlawn neighborhood.

How cities can support small businesses - by Victor Regino

The success of small business is vital to a city’s success in making vibrant places and offering a high quality of life for its residents. Municipal economic development departments that spend time and resources supporting small businesses will reap the economic and social benefits that small businesses provide.

Sweeney named 2022 Realtor of the Year of the Rhode Island Commercial and Appraisal Board of Realtors

Providence, RI Thomas Sweeney, SIOR, principle of Sweeney Real Estate & Appraisal has been selected as the 2022 Realtor of the Year of the Rhode Island Commercial and Appraisal Board of Realtors. This award is based on his outstanding contributions and leadership in the real estate industry

Six Rhode Island communities launch electricity aggregation program

Providence, RI Six Rhode Island cities and towns have joined together to launch aggregation programs that leverage community-wide buying power to provide their residents and businesses with new options for electricity supply. These Community Electricity Aggregation (CEA) programs

Lefrancois of Regal Commercial sells 7,400 s/f
mixed-use building in Providence for $1.725 million

Providence, RI Michael Lefrancois, president & principal broker of Regal Commercial arranged the sale of 320-324 Angell St. on the East Side of the city for $1.725 million with Stephanie Corsetti of Alliance Real Estate Group representing the sellers.

Foncellino Team at Coldwell Banker Commercial leases 3,000 s/f to Bushido

Cumberland, RI The Foncellino Team of Coldwell Banker Commercial listed and leased 121 Mendon Rd., a 3,000 s/f retail stand-alone building. The landlord is Strezsak Realty Trust and the tenant is Bushido Martial Arts.

Ancora L&G selected as developer of 212,000 s/f life sciences project in the state’s Innovation and Design District

Providence, RI Governor Dan McKee said that a major life sciences development project is moving forward in the state’s Innovation and Design District on the former I-195 land. The 212,000 s/f, seven-story building will house a new public health lab for the state of Rhode Island, while also

No relief to inventory shortage in state’s housing market according to Rhode Island Assn. of Realtors

Warwick, RI While still rising, the appreciation in Rhode Island’s median single-family home sales price continued to moderate in August according to the Rhode Island Association of Realtors. While up year-over-year by more than 20% earlier this year, the median home sale in August was $405,000,

R.I. communities launch electricity aggregation programs to support state-based renewables while offering community-wide access to competitively priced electricity

Providence, RI Six Rhode Island cities and towns have joined together to launch aggregation programs that leverage community-wide buying power to provide their residents and businesses with new options for electricity supply. These Community Electricity Aggregation (CEA) programs will focus on providing competitively priced rates while also including additional clean energy from Rhode Island.

Smith, Peterson, Koonce, and Van Gelder of Atlantic Capital Partners sell 123,061 s/f Frenchtown Plaza for $9.5 million

North Kingstown, RI Atlantic Capital Partners negotiated the sale of Frenchtown Plaza, a 123,061 s/f multi-tenant regional shopping center. The shopping center was acquired by Ocean State Job Lot, which also serves as the asset’s anchor tenant. Located 20 minutes south of downtown