Updated July 1 at 11:01am
Real Estate
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In 2015 the national branch of the Local Initiatives Support Corporation invested $1.3 billion in grants, loans and equity to projects, $315 million of which was invested into local Rhode Island housing projects, according to the organization’s annual report released earlier this month. more
A nearly 5,000-square-foot home at 228 Rumstick Road in Barrington sold for $1.55 million on June 23, according to Residential Properties Ltd. more
KITE Architects recently announced that its renovation of a Prospect Street residence in Providence has been awarded “Best Remodel” in the Marvin Windows and Doors Architects Challenge 2016. more
Legislation that could allow more foreclosed homeowners to stay in their homes, and repurchase them through nonprofit organizations, has been approved by the General Assembly. more
West Elm, a subsidiary of Williams-Sonoma Inc., will open its first retail store in Rhode Island in Wayland Square. The building, now under renovation, is at 179 Wayland Ave. more
Connor Dowd is operating principal and principal broker for Keller Williams Newport and East Bay. He unfortunately has had experience with real estate-related scams that are being reported in Rhode Rhode Island. According to Dowd, representatives of the Boston field office of the FBI estimate $800,000 was targeted by scammers nationwide last fall, which has since grown to $2.4 billion. more
Foreign investors have long considered commercial real estate investments in the U.K. and U.S. to be safe havens in an unpredictable world. Brexit may change that calculus. more
The most expensive home for sale in the state is the $19 million Seafair at 254 Ocean Ave., a Depression-era mansion with Gilded Age roots overlooking the ocean. more
General Electric Co. is on track to triple the size of its software business by 2020, which is one of the reasons why it is opening a GE Digital office at 10 Dorrance St. more
The foreclosure rate in the Providence-Warwick-Fall River metropolitan area was 1.52 percent in April, a drop of 0.15 percentage points compared with April 2015, CoreLogic said Tuesday. more
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