Rhode Island

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

Becker of Lila Delman Compass sells 766 Indian Ave. for $3.75 million

Middletown, RI Lila Delman Compass negotiated the sale of 766 Indian Ave. for $3.75 million. Annie Becker, associate broker of Lila Delman Compass’ Newport office, represented the buyer.

Himmel of Mott & Chace Sotheby’s and Joyal of Lila Delmkan Compass sell Langworthy Farms

Westerly, RI Mott & Chace Sotheby’s International Realty sold Langworthy Farm, 308 Shore Rd. for $1,475,995. The buyers were represented by Michael Himmel, sales associate with Mott & Chace Sotheby’s International

Greene of Compass sells 74 Hazard Ave. for $1.66 million

Providence, RI Compass has sold 74 Hazard Ave. for $1.66 million. Kira Greene, founding agent of Compass Providence, represented the seller and facilitated the buyer.

Investment opportunities await in the village of Apponaug - by Frank Picozzi

There’s a lot happening in quaint, historic Apponaug lately, as new property owners make investments throughout the village and others are at work sprucing up their buildings.