Real Estate

THE COMMERCE RI Board of Directors approved incentives for CV Properties and its construction of the Aloft Hotel in the I-195 Innovation District. Above on the right, an initial rendering of the hotel. Commerce also approved incentives for the relocation and staff hiring at Custom & Miller Box and approved five innovation vouchers Monday. / COURTESY ­WEXFORD SCIENCE & ­TECHNOLOGY

Commerce RI approves incentives for Aloft Hotel, Custom & Miller Box

PROVIDENCE – The R.I. Commerce Corp. board of directors approved incentives for CV Properties LLC and Custom & Miller Box, as well as Innovation...
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PBN on WJAR-TV, Jan. 28, 2019

Some Providence residents want stricter regulation of student housing. A city commission agrees but is it discrimination? Every week, PBN Editor Mark S. Murphy appears...
The Mainstay Hotel & Conference Center has sold for more than $14 million./COURTESY LILA DELMAN REAL ESTATE

Mainstay Hotel & Conference Center in Newport sold for $14.3M

NEWPORT – The Mainstay Hotel & Conference Center has been sold for $14.3 million to a New York-based hotel development company, Dovetail + Co,...
THE MEDIAN price of a Rhode Island single-family home increased 3.9 percent year over year in December to $265,000. / COURTESY RHODE ISLAND ASSOCIATION OF REALTORS

R.I. home prices increase in Dec. while sales decline

PROVIDENCE – The median price of a single-family home in Rhode Island increased 3.9 percent year over year to $265,000 in December, according to...

2019 Most Endangered Properties named by Providence Preservation Society

PROVIDENCE – The Industrial Trust Building once again leads the list of threatened properties in Providence, as compiled by the Providence Preservation Society. Its 2019...
WARY LANDLORD: Dustin Dezube, owner of Providence Student Living Capital LLC, has 125 properties in Providence, including several buildings on East Transit Street that are newly constructed or renovated. He mostly rents to college students and is concerned a proposed city regulation to expand an existing three-student cap to all structures in single-family zones, could also be applied to multifamily zones.  
 / PBN PHOTO/RUPERT WHITELEY

Some Providence residents want stricter regulation of student housing. A...

Over the past eight years, Providence Student Living Capital LLC has purchased and renovated more than 100 residential structures in Providence, mostly multifamily units. And...
PANORAMIC VIEW: Homewood Suites by Hilton Providence Downtown, a new extended-stay hotel under construction at the corner of Exchange Street and Memorial Boulevard in downtown Providence, offers panoramic views from the first-floor windows.
 / PBN PHOTO/MICHAEL SALERNO

Two new extended-stay hotels to open in Providence this year

The extended-stay hotel, a segment of the hotel market that is growing nationally, will expand its downtown Providence presence this year with two new...
HIGH PRICES: Mike Giuttari, president of Providence-based commercial real estate brokerage firm MG Commercial, said because demand for commercial real estate is so high in the Greater Boston market and because the Rhode Island market is so close, contractors can charge high prices and if they don’t get them in the Ocean State, they can take their business to Boston.
 / PBN FILE PHOTO/RUPERT WHITELEY

After a strong 2018, signs of weakening in commercial real estate?

Living in the shadow of a giant can be difficult. Just ask those on the business end of Greater Providence’s commercial real estate market....

College housing, neighborhood coherence on collision course

Imagine making the biggest investment of your life, buying a house on a leafy street on College Hill. Now imagine yourself a college student, paying...
PBN PHOTO/JAMES BESSETTE

New Construction January 2019

Bayside Condominiums | Cowesett Road and Post Road, Warwick Walls and the roofs are upright on a new 10-unit condominium project, and work is approximately...
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