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Monday, June 18, 2018

Real Estate

THE NATIONAL Low Income Housing Coalition has found a stubborn gap between what renters earn, and how much apartments cost. / COURTESY NATIONAL LOW INCOME HOUSING COALITION

Report finds lack of affordability in rental apartments in R.I.

PROVIDENCE – A newly released report on the affordability of rental housing finds a persistent gap, nationally and in Rhode Island, between what people...
PAWTUCKET MAYOR Donald R. Grebien announced that the city has identified nine abandoned properties to be placed into the city's receivership program. / PBN FILE PHOTO/MICHAEL SALERNO

Pawtucket identifies 9 properties for receivership program

PAWTUCKET – Pawtucket Mayor Donald R. Grebien has identified nine abandoned and problem properties to be placed in its receivership program, the city announced...
MAKING A DIFFERENCE: Carpionato Group President and Chief Operating Office Kelly Coates details the many investments the company has made and is still making in Rhode Island, including in Cranston's Chapel View and in the former Interstate 195 land in Providence. / PBN FILE PHOTO/RUPERT WHITELEY

PBN on WJAR-TV, June 11, 2018

Every week, PBN Editor Mark S. Murphy appears on WJAR-TV NBC 10’s Coffee Break to discuss the newspaper’s most recent cover story and other...
MORTGAGE DELINQUENCY of 30 days or more in the Providence metro area declined 0.7 percentage points year over year in March. The area also experienced a decline in serious delinquency and foreclosure rates. / BLOOMBERG FILE PHOTO/DAVID CALVERT

CoreLogic: R.I. mortgage delinquency continues decline in March

PROVIDENCE – The Providence-Warwick metropolitan area house foreclosure inventory and delinquency rates for March 2018 continued a trend of year-over-year decline, according to a CoreLogic...
THE BARRINGTON PROPERTY at 266 Rumstick Road has sold for $3.3 million. / COURTESY RESIDENTIAL PROPERTIES

Barrington waterfront property sells for $3.3M

BARRINGTON – The property at 266 Rumstick Road in Barrington has sold for $3.3 million, the highest sale price in the town this year,...
THE CURRENT CONDITIONS INDEX for April was 67. A CCI value above 50 indicates expansion, however, the number was Rhode Island's lowest value since November of 2016. / COURTESY LEONARD LARDARO

CCI drops 8 more points in April

SOUTH KINGSTOWN – In a second consecutive month of loss, the Current Conditions Index compiled by Leonard Lardaro, a University of Rhode Island economist,...
COMPELLING DEVELOPMENT: The Row at College Hill is a mixed-use development proposal by Carpionato Group to build on parcels 2, 5 and 6 on the East Side of Providence in the Interstate 195 Redevelopment District, which would include 203,000 square feet of medical and wet-lab space and incidental office space, a business hotel with meeting space and restaurants. / COURTESY CARPIONATO GROUP

From repurposing former Benny’s sites to building new business hotels and...

As president and chief operating officer of Carpionato Group LLC, Kelly Coates has had a more visible role this year as the commercial-development and...

Who Owns The Block?

Pleasant Street Fish Island to Union Street NEW BEDFORDResearch: Providence Business News/James Bessette Photography: James Bessette Map: Providence Business News/Lisa Lagreca  

CoreLogic: Providence metro HPI up 8.2% in April

PROVIDENCE – Single-family home prices in the Providence-Warwick metropolitan area rose 8.2 percent year over year in April, according to a June 5 CoreLogic home price...

New proposal would create tax increment financing district in Providence

PROVIDENCE – A new proposal that would create a tax increment financing district in several neighborhoods of the city, up to the edge of...
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