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NEW WORKSPACE: Peter Gillespie, senior vice president and branch manager for Cross Insurance Inc., stands at the entrance of the company’s new offices at The Foundry in Providence. 
PBN PHOTO/MATTHEW MCNULTY

‘Low supply and low demand’: R.I. office market undergoing ‘repositioning’

On a sunny summer morning at the Foundry in Providence, Cross Insurance Inc. employees move past exposed brick walls and soaring 14-foot ceilings before...
DEVELOPING SITUATION: About 7 acres of land in the I-195 Redevelopment District remain available for build-out. The 195 District Park on the west side of the Providence River, seen above, will remain open space – except for a 3,500-square-foot food and beverage pavilion under construction near the center of the park. 
PBN PHOTO/ARTISTIC IMAGES

CAUTION ZONE? As I-195 district projects proceed, economic factors have some...

Developer D+P Real Estate Inc. toiled for years on plans for a six-story, 240,000-square-foot, mixed-use building along Interstate 195 in Providence that would have...

Online auction for former St. Joseph’s Hospital slated for Feb. 10-12

PROVIDENCE – The former St. Joseph’s Hospital will be officially up for auction next week.  Cushman & Wakefield real estate auction platform Ten-X has slated...

Westerly Industrial Park building sells for $2.5M

WESTERLY – A 34,815-square-foot industrial park property with 3.1 acres of land recently sold for $2.5 million, according to Hayes & Sherry Real Estate...

Is housing the best possible use for Providence’s former St. Joseph’s...

Paolino Properties LP on Nov. 25 said the former St. Joseph’s Hospital property in Providence is for sale. The historic property is being listed by...

Paolino putting former St. Joseph’s Hospital property on market

PROVIDENCE – The former St. Joseph’s Hospital property – which comprises multiple buildings and is located at 21 Peace St., with Broad Street bordering...

Five Questions With: Matthew Fair

Matthew Fair is a partner at Hayes & Sherry Real Estate Services, the Providence-based commercial real estate broker, which was founded in 1990 and...
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.” 
PBN FILE PHOTO/RUPERT WHITELEY

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...

Former Tarbox Toyota property in North Kingstown sells for $2.6M

NORTH KINGSTOWN – The former Tarbox Toyota property at 6975 Post Road on Route 1 recently sold for $2.6 million, according to Hayes &...

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...
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