Thursday, March 28, 2024

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Economic Activity

Five Questions With: James Karam

In June 2007, First Bristol Corp. founder and President James J. Karam announced the $17 million redevelopment of Providence’s St. Francis Chapel into a...

Escrow firm president admits to fraud

PROVIDENCE – The president of a real estate closing escrow firm this week pleaded guilty to one federal count of wire fraud, admitting that...

West Elmwood Housing gets $1.6M for complex

BOSTON – The West Elmwood Housing Development Corporation has been awarded a $694,110 grant and subsidy, along with an $857,642 advance, for the historic...

PHA director calls for housing funds

PROVIDENCE – Providence Housing Authority Director Stephen O’Rourke last week urged Rhode Island’s congressmen and President-elect Barack Obama to include $5 billion in public-housing...
RHODE ISLAND ranked among the five worst states in terms of price drops for the median-valued home last month. /

Providence-area home prices drop 12.57 percent

SACRAMENTO, Calif. – September home prices in the Providence-New Bedford-Fall River metro fell by 12.57 percent year-over-year, a steeper decline than the national drop...

R.I. Foundation gives $500K in emergency aid

PROVIDENCE – The holidays will be a little merrier for many needy and homeless Rhode Islanders thanks to $500,000 in one-time emergency grants announced...

R.I. landfill to fuel $80M power plant

JOHNSTON – Ridgewood Renewable Power LLC, an international energy company, plans to spend $80 million over the next two years to construct a state-of-the-art...

October house sales in R.I. rise 11% <br> as prices fall 15.3%,...

BOSTON – Although October single-family home sales in Rhode Island rose 11 percent compared with a year earlier, giving the Ocean State its first...

R.I. Realtors: October home sales rise <br>but prices continue to fall

WARWICK – Although October single-family homes sales in Rhode Island rose 15 percent compared with the same month of 2007 – the second consecutive...
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October jobless rates rise in Providence,<br> New Bedford metropolitan areas

WASHINGTON – The unemployment rate in Providence-Fall River-Warwick posted the biggest year-over-year increase of any major metropolitan area in October, as local payrolls shrank...
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