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Nexgen buys former R.I. Rental building in Warwick for $2.15M

WARWICK – A 25,352-square-foot warehouse building in Warwick recently sold for $2.15 million, according to Capstone Properties, a Providence-based real estate company, which represented...
GOING UP: Michelle Murphy, owner of Roots Hair Salon LLC in Cranston, works on Talias Oakane of ­Cranston. Murphy says she may have to raise the rent she charges her stylists, who recently raised their prices due to the increased cost of products, because her monthly payment to rent the building space for the salon recently increased.
PBN PHOTO/MICHAEL SALERNO

More businesses struggle with their rent payments

When Michelle Murphy renewed her lease recently for a 5,000-square-foot beauty salon she rents in Cranston, there was some bad news that came with...

Providence City Plan Commission approves 2 mixed-use developments

PROVIDENCE – The City Plan Commission approved two major land development projects on Tuesday afternoon, one located in Upper South Providence and one in Wayland...

Five Questions With: Neil Amper

Neil Amper is vice president at Capstone Properties, a commercial real estate firm in Providence. He spoke to the Providence Business News this week...
CUSTOMER-FOCUSED: Jennifer Massotti, general manager of Barrington Books in Barrington, holds up a bag with a thank-you note, which she wrote for all curbside-pickup orders. The small business was able to secure flexibility on rent payments from the landlords for both of its locations, in Barrington and Cranston. / PBN PHOTO/MICHAEL SALERNO

Overdue rent growing into pandemic problem

How can a business pay its rent when the state orders it to close its doors in a pandemic? The reality is many can’t in...
WATCHFUL EYE: A worker from Shawmut Design and Construction oversees the building of the new Brown University Performing Arts Center on College Hill in Providence in December. / PBN FILE PHOTO/MIKE SKORSKI

Boston’s building boom drawing labor from R.I.

Finding office space in northern Rhode Island for a Massachusetts company that wanted to relocate proved so difficult recently that it required some quick...

Five Questions With: Neal Amper

Neal Amper, vice president of Capstone Properties Inc. in Providence, annually writes a report that summarizes market activity in Rhode Island. He spoke to...
THE PROPERTY at 125-127 Friendship St. in Providence has been listed by Capstone Properties. The property was formerly home to the club Ultra. / COURTESY CAPSTONE PROPERTIES

Capstone Properties lists former nightclub building in Jewelry District

PROVIDENCE – A building in downtown Providence that had accommodated nightclubs for more than 20 years is newly listed by Capstone Properties. The one-story building...
INVOLVED: Jim Boscov is the chairman and CEOALTERNATIVE SERVICES: The Providence Place mall has evolved to compete with online shopping and e-retailers by adding alternative services such as the CycleBar cycling studio and renting space to Comprehensive Community Action Program for a “skills center” that offers computer and language classes, as well as job-training workshops.   / PBN PHOTO/MICHAEL SALERNO

New stores help Providence Place evolve

To many, the closure of Nordstrom at Providence Place mall was a disheartening blow for the capital city, and further proof online shopping is...
NEW STATION: Raymond Lavoie, left, executive director, and Dr. Michael Fine, senior clinical and population health officer, stand in front of Blackstone Valley Community Health Care’s new neighborhood health station in Central Falls.
 / PBN PHOTO/MICHAEL SALERNO

New Blackstone Valley health center seen as boon to Central Falls...

Drive along Broad Street in Central Falls on a weekend and you’ll see that it plays a significant role in the city’s small economy. “It’s...
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