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Promenade Apartments sold in $105M deal

PROVIDENCE – The Promenade Apartments at the Foundry complex have sold for a combined $77.8 million, according to property records filed Oct. 1 for...

Promenade Apartments for sale, 433 luxury apartments in 2 buildings

PROVIDENCE – One of the largest mill redevelopments in the city is for sale. The Promenade Apartments consists of 433 luxury units in two...
INTO THE FUTURE: Mark K. W. Gim, bottom left, The Washington Trust Co. president and chief operating officer, provides his outlook for the Rhode Island economy at PBN’s Economic Trends Summit on Feb. 18. Also participating in the virtual event were, clockwise from top left, Thomas Tzitzouris, director at Strategas Research Partners; PBN Editor Michael Mello; Alden Anderson Jr., CBRE/New England senior vice president and partner; and Kristen Adamo, Providence Warwick Convention & Visitors Bureau CEO and president.

The recipe for recovery? Depends on whom you ask

Point of view matters, perhaps now more than ever. Indeed, panelists at Providence Business News’ Economic Trends Summit on Feb. 18 painted very different pictures...
MARK W. GIM, bottom left, The Washington Trust Co. president and chief operating officer, provides his outlook for the Rhode Island economy at PBN's Economic Trends Summit on Thursday morning. Also participating in the event was, clockwise from top left, Thomas Tzitzouris, director at Strategas Research Partners; PBN Editor Michael Mello; Alden Anderson Jr., CBRE/New England senior vice president and partner; and Kristen Adamo, Providence Warwick Convention & Visitors Bureau CEO and president.

PBN Economic Summit: Long-term crisis looms after stimulus runs out

PROVIDENCE – Fiscal stimulus and mass vaccinations should bring short-term economic relief, but a long-term crisis marked by structural unemployment, inflation and a bond...

Brown Medicine expands into Class A space in Smithfield

SMITHFIELD – Brown Medicine, a nonprofit primary care and subspecialty medical group practice, will expand this spring into a newly renovated facility in the...
RESHORING INCENTIVE: Steven J. King, managing director of the Quonset Business Corp., says the coronavirus pandemic may incentivize more manufacturers to “reshore” activities domestically after experiencing the supply-chain breakdowns created by the pandemic. / PBN PHOTO/ELIZABETH GRAHAM

Pandemic slows interest in Quonset Business Park

On a recent Wednesday ­afternoon, Quonset Business Park hummed with activity: trucks barreling down the winding roads, construction crews chatting on a break, cranes...

CBRE: Providence vacancy rate declines to 10.2% in Q2

PROVIDENCE – Downtown Providence office vacancy was 10.2 percent in the second quarter of 2018, a 1.8 percentage-point decline year over year, according to...
READY TO LEASE: Hayes & Sherry broker Matt Fair, left, and firm partner Peter Hayes are marketing about 3,500 square feet of available space at Providence’s IGT Center. / PBN PHOTO/TRACY JENKINS

There are vacancies in Providence, but large office spaces limited

The slow, steady conversion of vintage downtown buildings into residential spaces, or boutique hotels, has tightened the supply of Class B office space in...
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