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PBN FILE PHOTO/CHRIS BERGENHEIM[/caption]
1. IGT Center sells for $71M POSTED ONLINE: JAN. 17. The IGT Center, 10 Memorial Blvd., Providence – which houses the U.S. headquarters for International Game Technology PLC and other tenants – was sold for $71 million on Dec. 27 by 10 Memorial Boulevard Owner LLC to TFG Providence Center Property LLC, a subsidiary of the Boston-based Tritower Financial Group, according to city records.
pbn.com/igt-center-sells-for-71m
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COURTESY CARNEGIE ABBEY CLUB[/caption]
2. Carnegie Abbey Club sells for $8.8M POSTED ONLINE: JAN. 10. Carnegie Abbey Club, the Portsmouth-based 18-hole golf course, which also consists of an equestrian center, marina and clubhouse, was sold for $8.8 million. The sale was scheduled to close Jan. 11.
pbn.com/carnegie-abbey-club-sells-for-8-8m
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COURTESY RESIDENTIAL PROPERTIES LTD.[/caption]
3. Home sale for $2.5M is highest on Providence East Side in 2018 POSTED ONLINE: JAN. 8. A Colonial Revival home at 61 Cooke St., Providence, was sold for $2.5 million, the highest sale on the city’s East Side in 2018. The property was built by manufacturer George Parks for his wife, and later sold to another jewelry manufacturer, Englehart Ostby, who died on the Titanic, according to a property description.
pbn.com/home-sale-for-2-5m-is-highest-in-providence-east-side-in-2018
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COURTESY SCOTT KINGSLEY[/caption]
4. Former mayor, downtown property owners sue city, state over transit hub POSTED ONLINE: JAN. 7. Former Providence Mayor Joseph R. Paolino Jr. and a group of property owners filed a lawsuit against the city and state seeking to stop work on the proposed Providence transit center. The group accuses the city, the R.I. Department of Transportation and the R.I. Public Transit Authority of violating state and federal law by pursuing a project without following city zoning rules.
pbn.com/former-mayor-downtown-property-owners-sue-city-state-over-transit-hub
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BLOOMBERG NEWS FILE PHOTO/SCOTT FELLS[/caption]
5. JPMorgan Chase discloses details of R.I. plans POSTED ONLINE: JAN. 11. JPMorgan Chase & Co. announced it will open the first of 12 retail bank branches in Greater Providence and Rhode Island in June. The bank plans to open additional branches in Cranston, Smithfield, East Greenwich, South Kingstown, Pawtucket, Middletown, Barrington and Attleboro over the next few years.
pbn.com/jp-morgan-chase-discloses-details-of-r-i-plans
6. Colonial Mills to relocate to East Providence POSTED ONLINE: JAN. 23.
pbn.com/colonial-mills-to-relocate-to-east-providence
7. Educating teachers is a shrinking business PUBLISHED IN PRINT: JAN. 11.
pbn.com/educating-teachers-is-a-shrinking-business
8. Lawsuit filed over Hope Point Tower POSTED ONLINE: JAN. 15.
pbn.com/lawsuit-filed-over-hope-point-tower
9. Brown purchases commercial property on Providence East Side POSTED ONLINE: JAN. 10.
pbn.com/brown-purchases-commercial-property-on-providence-east-side
10. R.I. investment adviser accused of breaching fiduciary duty POSTED ONLINE: JAN. 22.
pbn.com/r-i-investment-adviser-accused-of-breaching-
fiduciary-duty
