Category: Rhode Island

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

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

June 14, 2019
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

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

June 14, 2019
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

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

June 14, 2019
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

Paskalis and Freshman of MG Commercial Real Estate broker $1.2 million sale at 30 Industrial Rd. - a...

June 14, 2019
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

Rivera joins DiPrete Engineering in Cranston

June 14, 2019
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

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

June 14, 2019
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

Making improvements to popular recreational facilities and cultural and historical resources - by Jo...

June 14, 2019
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

Schminky joins Gilbane Development Company as portfolio marketing manager

June 14, 2019
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. 
RPL earns spot on REAL Trends 500 for seventh consecutive year

RPL earns spot on REAL Trends 500 for seventh consecutive year

June 14, 2019
Providence, RI For the seventh consecutive year, Residential Properties Ltd., Rhode Island’s leading real estate company, has earned a spot on the REAL Trends 500 –
Mitchell of MG Commercial achieves SIOR designation by the Society of Industrial and Office Realtors

Mitchell of MG Commercial achieves SIOR designation by the Society of Industrial and Office Realtors...

June 14, 2019
Providence, RI Leeds Mitchell IV, SIOR, of MG Commercial Real Estate has achieved the SIOR office designation awarded by the Society of Industrial and Office Realtors.
Trapani and Barry’s long service to Quonset Business Park - by Steven King

Trapani and Barry’s long service to Quonset Business Park - by Steven King

June 14, 2019
Quonset Business Park is the leading engine of economic development and job creation in Rhode Island, with over 200 companies and nearly 12,000 jobs. This type of success story does not happen overnight.
“Superman” Building added to America’s 11 Most Endangered Historic Places

“Superman” Building added to America’s 11 Most Endangered Historic Places

June 14, 2019
Providence, RI The National Trust for Historic Preservation has added the Industrial Trust Building to America’s 11 Most Endangered Historic Places. Built in 1928, the tallest building in Rhode Island was the backdrop of a press
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