Real Estate
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Arcade coming back to life
Thanks to an estimated $2 million in state historic-preservation tax credits, the Arcade is being repurposed for a retail-residential use. Frank Angevine of Built Inc. cuts plastic sheeting in the 19th-century landmark, but the lack of action by the General Assembly in renewing the tax-credit program makes it unlikely that more projects will be undertaken soon. See Page 12 for more. more
7/2/12
R.I. foreclosure rate drops slightly in May
Rhode Island’s foreclosure rate fell 0.2 percentage points from May 2011 to May 2012, CoreLogic said Friday. more
Construction jobs decline in Providence metro, across U.S.
Year over year in May, construction employment declined in 164 out of 337 metro areas, including the Providence-Fall River-Warwick metro, according to data released Tuesday by the Associated General Contractors of America. more
| 6/26/12
Home sales in Bristol County, Mass., rise 17% in May
Single-family sales in Bristol County, Mass., rose 17.43 percent compared with the same period in 2011, The Warren Group said Tuesday. more
Foreclosure rate drops slightly in Providence metro
The foreclosure rate in the Providence-Fall River-New Bedford area fell 0.31 percentage points in April compared with the same period last year, CoreLogic said Tuesday. more
EDC approves bonds for I-195 land, dredging project
The R.I. Economic Development Corporation Monday night approved issuing bonds to buy the former Interstate 195 land in Providence and dredge the channel leading to the Port of Davisville in North Kingstown. more
Improving market could create more ‘pinballs’
In the real estate brokerage field they’re known as “setups” or “pinball” homes, and this spring’s improving conditions in some markets could be stimulating more of them. more
6/25/12
Luxury student housing seen as rare growth market
The cinder-block dormitories and cramped, scruffy, off-campus apartments familiar to generations of college students are under attack. more
Behind the scenes in real estate
Resource Control Associates Inc. owner Robert C. Atwood, pictured above in his office, thinks of his firm as “a land-development company.” The 26-year-old Pawtucket business has groups of advisers focused on civil-engineering, environmental assessment and remediation and forensic engineering. Consulting services include insurance-claim investigations. Atwood often provides expert testimony. The firm has worked for more than 50 municipalities and public authorities throughout Rhode Island and Massachusetts, as well as several hundred private clients. more
6/25/12
Thayer Street apartment project redesigned
Union Studio architects have redesigned Gilbane Development Co.’s proposed 102-unit luxury student apartment building on Thayer Street in response to neighborhood complaints that the original plan was “massive” and “monotonous.” more
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