Category: Rhode Island

Warwick, RI The Ann Foncellino team of Coldwell Banker commercial division listed and sold 335E Centerville Rd., building 5 for $540,000. The buyer was represented by Aaron Bishop of CRESA Properties.

Providence, RI Rhode Island Infrastructure Bank hosted over 350 people at their 3rd annual Rhode Island Infrastructure Summit last week. The event, held at the R.I. Convention Center, brought together government officials and professionals from a variety of disciplines for panel discussions on state and local infrastructure 

Providence, RI Michael Alves of Keller Williams Elite Commercial Realty brokered two sales totaling $875,000.   Alves sold 8 units at 68-70 Russo St. in Providence for $575,000. The buyer was Global Facilities Group of America, LLC. The seller was WTL Realty.

North Smithfield, RI The Ann Foncellino team of Coldwell Banker commercial division and Bob Barrera and Chris Dalti of Keller Williams Realty Leading Edge sold the industrial building located at 229 Quaker Hwy. for $1.8 million.

Providence, RI Sweeney Real Estate & Appraisal sold 125 Ernest St. for $1.5 million. The 34,500 s/f warehouse building is located in the ManuCenter section in the city, off of Allen’s Ave. The seller, Shane Realty LLC was represented by Thomas Sweeney of Sweeney Real Estate & Appraisal

Warwick, RI The medical office buildings located at 120 Centerville Rd. and 45 Gilbane St. were sold to a national REIT for $6.06 million. Matt Fair of Cushman & Wakefield/Hayes & Sherry brokered the transaction on behalf of the seller.

Charlestown, RI State and local officials joined with representatives of RIHousing, Women’s Development Corporation (WDC), Washington County Community Development Corporation (WCCDC), and funding and community partners to celebrate the completion of new rental homes.

Providence, RI Residential Properties Ltd, has completed the sale of 247 Wayland Ave. on the east side for $2.1 million, matching the highest price ever recorded by Statewide MLS for a multifamily sale on the east side

Providence, RI According to Gilbane Development Company, the real estate development, financing, and ownership arm of Gilbane, Inc., Jim McCurdy has been promoted to vice president of finance. With over 14 years of industry experience, McCurdy joined Gilbane Development Co. in 2015 and has been actively involved in capital raises totaling over $3 billion. 

The city of Pawtucket has some great opportunities with the commuter rail – Transit Oriented Development District (TOD) scheduled for 2021, and great waterfront opportunities around the Slater Mill National Park along with easy on/off access to Rte. 95.

In connection with the city’s planned $6.185 million school bond issue for renovations and improvements to schools and school facilities, S&P Global (S&P) has recently affirmed the bond rating of the city at “AA” and assigned a stable outlook. The bonds were scheduled to sell through the Rhode Island Health and Educational Building Corporation the week of September 9.

Providence, RI RGB Architects has promoted Andrew Barkley, Tracey Donnelly and Jason Iacobucci in its firm.