An early 19th century house in Federal Hill joins Rhode Island’s tallest building and the Statehouse lawn on the Providence Preservation Society’s Ten Most Endangered Properties List for 2014, the group announced Thursday.
An important resource for first-time and other homebuyers who find themselves in unfair competition with deep-pocket investors bearing cash just got better: The two biggest players in the mortgage market, Fannie Mae and Freddie Mac, are now giving noninvestor shoppers 20-day exclusive rights to bid on and buy new listings they are selling.
Forty-six years is a long time to complete a real estate development. But the transformation of the former Brown and Sharpe mill complex in Providence into the mixed-use Foundry wasn’t a run-of-the-mill construction project. Antonio Guerra purchased the property in 1968, when it had become run-down, commercially obsolete and the city around it was being emptied by the suburbs. Last month, Foundry Associates marked the start of work on the final phase of the complex’s redevelopment, construction of 196 new units to be added to the Promenade Apartments, with a celebration that also remembered Guerra, who died roughly a month earlier. more
U.S. stocks rose, with the Standard & Poor’s 500 Index poised for its biggest annual advance since 1997, as data showed consumer confidence increased in December and housing prices jumped in October.
By Callie Bost and Jonathan Morgan Bloomberg News
Ruarri J. Miller’s search for a site to build apartments for aspiring young businesspeople took him to old mills in Providence, Pawtucket and Central Falls. But ultimately Miller chose downtown Woonsocket, not just for its real estate, but for the enthusiasm and eagerness community leaders showed toward outside investment and his unconventional idea.
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