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Monday, January 21, 2019
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COMMERCIAL REAL ESTATE absorption totaled more than 150,000 square feet across the eight downtown districts in Providence, with a total vacancy rate of 9.8 percent, an improvement from the 12 percent reported at year-end 2017. / PBN FILE PHOTO/MICHAEL SALERNO

CBRE: Providence commercial real estate market strengthens

PROVIDENCE – The Downtown Providence office market continued to strengthen in 2018, with the combined commercial districts that make up the area ending the...

Low vacancies, rising rents attracting investors to workforce housing

PROVIDENCE – Workforce housing, defined as rental communities that are affordable for low- to median-income workers, has outperformed the multifamily market for the past...
the prop: “It’s the backpack I bought when I originally left for college,” Christina Rouse said, “and little did I know it was going to be with me on pretty much any adventure I took.” / PBN PHOTO/MIKE SKORSKI

Christina Rouse, 29

DIRECTOR OF MARKETING AND OPERATIONS – SWEENEY REAL ESTATE AND APPRAISALWhat advice would you give your 22-year-old self? Don’t worry what everybody else is...
the prop: Andrew Galvin’s laptop and a CBRE sign say it all. “It’s an unbelievable company. … I’m really excited about the future.” / PBN PHOTO/MIKE SKORSKI

Andrew Galvin, 37

FIRST VICE PRESIDENT/PARTNER – CB RICHARD ELLIS – NEW ENGLAND PARTNERS LPWhere do you see yourself professionally in 20 years? Hopefully, I’m relaxing at...
BANK RHODE ISLAND has provided $17 million in financing for a group of residential real estate properties in the northeast corner of Providence County.

BankRI provides $17M loan for residential units north of Providence

PROVIDENCE – The commercial real estate division of Bank Rhode Island has closed a $17 million loan to RISSPORT II LLC to assist in...

PBN’s Top 5: R.I. Commercial Real Estate Sales – Retail

PBN’s list of the top five Rhode Island commercial real estate sales - retail ranked by 2017 sale price. For more information, or to purchase one of...
THE AVERAGE SALE PRICE per square foot declined in the retail and office sectors, but increased for the industrial sector in Rhode Island. / COURTESY CAPSTONE PROPERTIES

Report: R.I. commercial real estate transactions decline in 2017

PROVIDENCE – The number of commercial real estate transactions in Rhode Island declined from 2016 to 2017, according to the Capstone Report released Tuesday...
PROVIDENCE MAYOR JORGE O. Elorza speaks at the CBRE 2018 Market Outlook, presented by CB Richard Ellis New England. / PBN PHOTO/MARK S. MURPHY

CBRE 2018 Outlook: Downtown, suburban office markets tighten, industrial space at...

PROVIDENCE – The commercial real estate market across Rhode Island is strengthening, with record occupancy rates in industrial properties and shrinking availability in the...
EMONEY ADVISOR WILL locate on a floor at 100 Westminster St./ PBN PHOTO/STEPHANIE EWENS

EMoney Advisor to open office at 100 Westminster building

PROVIDENCE – EMoney Advisor LLC has announced plans to open a new office in the 100 Westminster building downtown, occupying nearly 7,000 square-feet in...
WEST VALLEY INN in West Warwick closed last year. / COURTESY WEST VALLEY INN

Buyer emerges for West Valley Inn

Updated at 2:32 p.m.WEST WARWICK – Nearly a year after the West Valley Inn closed, a buyer has stepped forward with plans to purchase...
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