Patrick Anderson, Author at Providence Business News

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HIGH ROCK DEVELOPMENT, owner of the Industrial Trust Tower also known as the 'Superman Building," said Monday it plans to renew efforts seeking public support for the renovation of the 1927 art deco building. / PBN FILE PHOTO

‘Superman’ owner renews bid for redevelopment

Economic Activity 02/10/2014

PROVIDENCE – The owner of the vacant “Superman Building” at 111 Westminster St. is again calling for public support to help convert the downtown...

THE INTERSTATE-195 Redevelopment District Commission said Monday the properties could go on the market as early as Tuesday morning, following the commission's approval of a prospectus for potential developers. Above, an early rendering of proposed development for the area. / COURTESY CITY OF PROVIDENCE

Commission prepares to solicit Link redevelopment proposals

Economic Activity 02/04/2014

PROVIDENCE - The Link is ready for the market. The Interstate-195 Redevelopment District Commission on Monday signed off on a prospectus for potential developers of...

THE MEDIAN PRICE of single-family homes in Rhode Island rose 8 percent in 2013, to $205,000 from $190,000 in 2012, according to the Rhode Island Association of Realtors. The increase represented the first year-over-year increase in single-family home prices over a 12-month calendar period since 2010. / BLOOMBERG FILE PHOTO/TY WRIGHT

R.I. home prices rise in 2013 for first time since 2010

Economic Activity 01/30/2014

WARWICK – Rhode Island single-family home prices ended two years of annual declines in 2013, climbing 8 percent compared with 2012, the Rhode Island...

THE PYRAMID-SHAPED tower at 100 Westminster St. and the five-story red brick building adjacent to it at 30 Kennedy Plaza are two of the properties purchased by Paolino Properties, along with the Weybosset Street Metropark lot at 110 Westminster. / COURTESY GOOGLE MAPS

Paolino purchases three properties downtown for $60M

Economic Activity 01/29/2014

(Updated, 3:10 p.m.) PROVIDENCE – Paolino Properties has purchased a package of three high-profile properties in Providence’s Financial District for $60 million, the company announced...

SALES OF SINGLE-FAMILY homes in Rhode Island fell 2 percent in December compared with December 2012, according to the Rhode Island Association of Realtors, due in part to the government shutdown last fall and increasingly tight inventories. / BLOOMBERG FILE PHOTO/JACOB KEPLER

Realtors: Fewer houses on market drive 2% sales drop in Dec.

Economic Activity 01/29/2014

WARWICK – Rhode Island single-family homes sales dipped 2 percent in December compared with the same period the previous year, while the median price...

A.G. buying former South Main St. law firm offices on East...

Economic Activity 01/28/2014

PROVIDENCE – The R.I. Office of the Attorney General has agreed to buy an office building at 180 South Main St. for $3.4 million,...

THE R.I. COMMERCE Corporation has granted conditional approval on a $300,000 loan to startup company rTerra PV Solutions LLC under the state's Renewable Energy Fund. rTerra assembles photovoltaic solar arrays designed to be less expensive and easier to install than traditional solar farms. / BLOOMBERG FILE PHOTO/KEN JAMES

R.I. Commerce Corporation weighing $300,000 loan to rTerra

Government 01/28/2014

PROVIDENCE - Middletown solar power startup rTerra PV Solutions LLC is close to securing a $300,000 Renewable Energy Fund loan from the R.I. Commerce...

A REPORT PRODUCED by Fourth Economy Consulting for the Rhode Island Foundation and the R.I. Commerce Corporation summarized the input of more than 200 local business leaders during the fall 2013 "Make It Happen RI" sessions, establishing an action plan for economic development in the state. above, an infographic illustrates how different economic development initiatives can work together. / COURTESY FOURTH ECONOMY

‘Make It Happen’ action plan highlights industry opportunities

Economic Activity 01/23/2014

PROVIDENCE – Maritime businesses, food production and industrial design rose to the top in an analysis of opportunities for growth in Rhode Island identified...

AN EARLY 19TH century house at 57 Federal St. in Providence is among Rhode Island's most endangered historic properties for 2014, according to the Providence Preservation Society. / COURTESY PROVIDENCE PRESERVATION SOCIETY/JESSE BURKE

Preservation Society names 2014 most endangered properties

Economic Activity 01/23/2014

(Updated, 9:56 a.m.) PROVIDENCE - An early 19th century house in Federal Hill joins Rhode Island’s tallest building and the Statehouse lawn on the Providence...