Real Estate

KRYPTONITE EFFECT? The former Industrial Trust Building, also known as The Superman Building, at 111 Westminster St., is Providence's tallest building. It has lost nearly half its value in the last three years, according to the latest re-evaluation done by Vision Government Solutions for Providence. Former Mayor Joseph R. Paolino Jr., who owns more than 20 properties downtown, says the vacant structure is weakening economic activity there. / PBN FILE PHOTO

Are property-value hikes bad news for owners?

Providence commercial-property values have climbed by more than 7 percent, according to the private re-evaluation company hired to assess the capital city's current worth.The...

R.I. to receive $26.9M to help homeowners facing foreclosure

PROVIDENCE – Rhode Island will receive another $26.9 million in federal funds to help homeowners facing foreclosure, as part of the U.S. Treasury Department’s...
A NEW STUDY showed that operating a corporate back office in Providence, at an estimated cost of $10.5 million, is less expensive than in San Francisco, New York City and Boston. / COURTESY THE BOYD COMPANY

Study: Operating corporate back office in Providence cheaper than Boston, NYC

PROVIDENCE – A new global study that examined the cost of operating back offices of the financial sector shows Providence is among the least...

Purchases of U.S. previously owned homes rebounded in March

WASHINGTON - Purchases of previously owned U.S. homes rose more than projected in March, indicating resilience in demand heading into the spring selling season.Contract...

Big-city millennials are under-saving for their down payments

WASHINGTON - Bucking their rent-not-own reputation, millennials are looking forward to buying a home, but many have grossly underestimated just how much they’ll need...

Olneyville mill to be converted to 60 affordable apartments

PROVIDENCE – A Boston development team plans to convert the former Imperial Knife Factory in the Olneyville neighborhood to 60 affordable apartments, in part...

Housing starts in U.S. slumped more than forecast in March

WASHINGTON - New-home construction in the U.S. slumped more than projected in March, reflecting a broad-based retreat that showed the industry lost momentum heading...

Confidence among U.S. homebuilders little changed in April

WASHINGTON - Confidence among U.S. homebuilders was little changed in April, indicating the housing market lacked momentum as the spring selling season got under...
THE INDUSTRIAL TRUST BUILDING has lost nearly half its value in the last three years, according to the latest revaluation done by Vision Government Solutions for Providence. / PBN FILE PHOTO

Report: Superman Building has lost nearly half its value since 2013

PROVIDENCE – The city’s tallest building has lost nearly half its value over the past three years, according to the revaluation prepared for Providence...

Susan Erkkinen

Susan Erkkinen has been hired as a sales associate at Residential Properties Ltd.'s Providence office. Erkkinen brings more than 30 years of experience selling...
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