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WATCH THIS SPACE: Stacey Messier, general manager at Cambridge Innovation Center Providence, a 62,000-square-foot coworking office established at 225 Dyer St. in 2019, says she believes the business model “continues to rise in popularity.” 

Despite failures, landlords still see future in coworking spaces

The recent bankruptcy filing by national coworking space operator WeWork Inc. – once valued at $47 billion before its estimated worth plummeted to $360.9...

Citizens Financial Group reports $487M profit in Q2

PROVIDENCE – Citizens Financial Group Inc. on Tuesday reported a 31% rise in quarterly earnings compared with a year ago, beating Wall Street estimates...
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. 

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. 

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 of self storage raising some alarms

Driving up Interstate 95 on a recent evening, Richard Godfrey, executive director of Roger Williams University’s real estate program, couldn’t help but notice a...

Rascionato to lead Citizens Financial Group Commercial Real Estate team

PROVIDENCE – Citizens Financial Group Inc. has named Jessica Rascionato to lead its Commercial Real Estate team, the company announced on March 6. Rascionato, who joined Citizens...

Partners purchase Hayes & Sherry commercial real estate firm

PROVIDENCE – One of the region’s leading full-service commercial real estate brokerage firms is changing owners. Hayes & Sherry founding owners, Pete Hayes and Karl...

Plans for Microfibres site please some, worry others

FOR THE FIRST TIME since Microfibres Inc. went out of business in 2016, the former fabrics factory at 1 Moshassuck St. in Pawtucket appears...

Hinckley Allen Elevates Thomas W. Madonna, Jr. to Partner

Tom Madonna, Jr. was recently elevated to partner at the law firm of Hinckley Allen, in the Real Estate Group. His practice focuses on...
SNAPPED UP: Warehouse space is hard to come by lately, and that was illustrated by this recently completed flex building at the Quonset Business Park in North Kingstown. The space has already been leased by two businesses that will use the building for warehousing and other purposes. / PBN PHOTO/ELIZABETH GRAHAM

Companies on desperate search for warehouses

Businesses looking for a warehouse in Rhode Island might be searching for a long time because the exploding growth of online retail has spurred...
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