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Mill Creek Townhomes development in North Kingstown sells for $27.6M

NORTH KINGSTOWN – A 140-unit market rate townhouse apartment rental development in the town recently sold for $27.6 million, according to public records and...
JAMES S. BENNETT has been named R.I. Commerce Corp.'s new president and chief operating officer. / COURTESY PROVIDENCE MAYOR'S OFFICE

R.I. Commerce names Bennett new president

PROVIDENCE – The city’s former economic development director will now lead R.I. Commerce Corp. James S. Bennett, who led Providence’s economic development from 2011 through...

Fall River Stop & Shop building sells for $13.2M

FALL RIVER – A property that contains a Stop & Shop supermarket recently sold for $13.2 million, according to CBRE Group Inc., which arranged...

Unison Realty sells Bristol Place in Attleboro to RK Centers for...

ATTLEBORO – Bristol Place, a massive shopping center in Attleboro next to the town’s border with Pawtucket, was sold recently for $70.5 million by...
STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

SHAKY GROUND: Distressed office real estate could undermine banks, wider economy

The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...
ANXIOUS TIMES: Office vacancy rates in downtown Providence have been stable in recent months but are expected to rise this year amid ­national pressures created by rising borrowing costs and declining demand. 
PBN FILE PHOTO/­MICHAEL SALERNO

Pandemic fallout taking toll on commercial real estate

The COVID-19 pandemic has ended but the economic fallout is ongoing in some sectors of the economy, including commercial real estate. Owners and lenders invested...
GROWTH PLAN: House Speaker K. Joseph Shekarchi, left, speaks during an October press conference supporting state investment in the biotechnology and life sciences sector. Also pictured are Robert  Coughlin, middle, and Travis McCready of JLL Inc. 
PBN FILE PHOTO/
CHRISTOPHER ALLEN

There’s hope for life sciences success

National lists and rankings of business activity are usually not kind to the Ocean State, where the business climate annually ranks among the nation’s...

Report: Life sciences industry has room to grow in R.I.

PROVIDENCE – A $45 million investment to jump-start the Ocean State's position in the booming life sciences industry was left intact when the House Finance...

Former R.I. Commerce Corp. president, COO Fagan joins CBRE Group

PROVIDENCE – Hilary Fagan, former president and chief operating officer of R.I. Commerce Corp., has joined CBRE Group Inc. as vice president. In this role,...

Five Questions With: Alden Anderson Jr.

Alden Anderson Jr., based in Providence, joined CBRE Group Inc. in 1994 and serves as senior vice president, leading the company’s New England operations....
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