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Kevin Shalvey

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New home sales drop 10.2%, hit record low

WASHINGTON – The sale of newly built, single-family homes in the United States fell 10.2 percent to a seasonally adjusted annual rate of 309,000...

Five Questions With: Patrick Cleary

New Boston Fund, the Boston-based development company, is in the middle of an about $140 million mixed-use project, The Gateway at Quonset Point. Gateway...
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R.I. home prices at 2002 levels

BOSTON – The median price of single-family homes sold in Rhode Island fell in January to $184,000, the lowest price in almost seven years,...

Providence center to encourage business innovation

When the R.I. Center for Innovation and Entrepreneurship opens its doors, either this month or next, it will complete the three-pronged approach the R.I....
TOUGH DECISIONS: Bill White, president of Coastway Credit Union, says that the stricter rules it faces under NCUA regulation have forced the credit union to consider switching to a mutual savings bank. /

Coastway may convert to savings bank

The 27,000 Rhode Island members of Coastway Credit Union will decide in April whether the credit union will re-establish itself as a mutual savings...
OPEN SPACE: Falvey Cargo Underwriting Vice President Jane Falvey says the company is trying to rent 20,000 square feet in its Quonset facility. /

Fast-growing Quonset not immune to slowdown

Construction of the shell of Vantage Point, a new waterfront building in the Keifer Park section of Quonset Business Park, wrapped up late last...
ECONOMIC STIMULANT: William E. Clark, Portsmouth director of business development, says the town has been active in advocating for the new Weaver Cove marina. /

Growing commercial tax base is crucial for Portsmouth

Since 2002, William E. Clark has been director of business development for Portsmouth, acting as a liaison between businesses and the town. He’s organizing...

Feds deliver stimulus money for HUD priorities

WASHINGTON – More than $79 million in U.S. Department of Housing and Urban Development funding will come to Rhode Island as part of a...
"I'M OPTIMISTIC that the market will start to turn around. The federal government has taken some important steps to free up lending and encourage people to buy," said RIAR President Paul A. Leys. /

Five Questions With: Paul A. Leys

When Paul A. Leys took office as the 2009 president of the Rhode Island Association of Realtors in October, the residential real estate market...

Housing starts, permits fall again in Jan.

WASHINGTON – Housing starts and permits fell for the seventh straight month in January, with new-home production falling year-over-year by 16.8 percent to a...
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