Category: Rhode Island
Major developments progressing - by William Fazioli
June 10, 2022
Persistence prevails when all else fails. Despite headwinds and disruptions in the construction industry, several major development projects recently reached milestones in East Providence. These projects include significant residential developments along with important commercial and industrial expansions.
Casey of Sweeney Real Estate brokers mixed-use investment sale - $1.3 million
June 10, 2022
East Greenwich, RI Kevin Casey of Sweeney Real Estate & Appraisal brokered the sale of 536 Main St. and 16 Bridge St. The properties are 4,136 s/f and 2,200 s/f respectively, and are comprised of two retail units, six residential units and a commercial garage.
Brady Capital Advisors arranges $29.5 million acquisition financing of Northgate Apartments - a 179-...
June 10, 2022
Middletown, RI Brady Capital Advisors, LLC (BCA) has arranged and facilitated $29.5 million in acquisition financing for the Northgate Apartments, a 179-unit, garden-style, multifamily property located on 15 acres at 3 Admiralty Dr. for a closing that took place on May 31, 2022.
Standard Communities leads public-private partnership to convert 176-unit market rate community to l...
June 10, 2022
West Warwick, RI Standard Communities, a major national affordable housing investor and developer, has acquired Tanglewood Village, a 176-unit apartment community. Standard Communities led a public-private partnership to convert the market-rate property into long-term dedicated affordable housing. No existing residents will be displaced.
Gaspee Real Estate Partners merges with J2 Properties - form Gaspee Companies
June 10, 2022
East Greenwich, RI Gaspee Real Estate Partners, a full-service commercial real estate firm focused on development, investment and asset management, has merged with J2 Properties, a Rhode Island-based commercial real estate investment company.
Foncellino Team of Coldwell Banker Commercial leases 3,200 s/f
June 10, 2022
Cumberland, RI The Foncellino Team of Coldwell Banker Commercial listed and leased two warehouse units totalling 3,200 s/f at 45 Industrial Rd. The tenant was represented by Jim Conway of Conway Commercial.
Arnold of Mott & Chace sells 696K West Main Rd. for $4.1 million
June 10, 2022
Little Compton, RI Mott & Chace Sotheby’s International Realty brokered the sale of the waterfront estate at 696K West Main Rd. for $4.1 million. Located on nearly three acres on Briggs Marsh, the property offers 180-degree views over the marsh, conserved farmland,
NAI Glickman Kovago & Jacobs facilitates $6.3 million sale
June 10, 2022
Woonsocket, RI The 50,641 s/f manufacturing building at 1275 Park East Dr. was purchased by Lundgren Equity Partners for $6.3 million.
Mott & Chace Sotheby’s International Realty handles the sale of “The Conjuring” house for $1.5...
June 10, 2022
Burrillville, RI Mott & Chace Sotheby’s International Realty negotiated the sale of 1677 Round Top Rd. for $1.525 million. The c.1826 home that inspired the horror franchise “The Conjuring” is one of the most well-known haunted houses in the U.S. The seller was represented by The Blackstone Team of Mott
Alves of Elite Commercial Realty sells 8,000 s/f mixed-use for $1.1 million
May 13, 2022
Johnston, RI Mike Alves of Elite Commercial Realty represented the landlord 190 Putnam LLC in the $1.1 million sale of an 8,000 s/f mixed-use building at 190 Putnam Pike. Robert Fox represented the buyers
Sweeney Real Estate & Appraisal sells two multi-tenanted industrial mills for $6.25 million
May 13, 2022
Pawtucket, RI Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented the sellers in the sale of 250 Esten Ave. and 541 Pawtucket Ave. The two properties had a combined square footage of 239,200 s/f. The two renovated industrial mills
McKee administration and RIHousing support creation of 431 homes in East Greenwich, Lincoln, Middlet...
May 13, 2022
Providence, RI RIHousing’s board of commissioners approved investments at its April board meeting that will create 431 homes, improving the neighborhoods where they are located, and support over
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