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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...
THE WASHINGTON TRUST CO. recently provided $11.7 million to finance the acquisition of a "highly desirable" mixed-use commercial property in Westport, Conn., by Accel International.

Washington Trust finances $11M acquisition in Connecticut

WESTERLY – The Washington Trust Co. recently provided $11.7 million to finance the acquisition of a mixed-use commercial property in Westport, Conn. The Westerly-based bank...
THE WASHINGTON TRUST CO. recently provided $2.7 million for a one-story, multi-tenant commercial property in Wallingford, Conn.

Washington Trust provides $2.7M for Wallingford property

WESTERLY – The Washington Trust Co. recently provided $2.7 million for a commercial property in Wallingford, Conn. The deal was made with owners of a...
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