Mg Commercial Real Estate Services Inc. - Providence Business News

Former Catholic churches in Warwick listed over $1M each

Economy 03/17/2023

WARWICK – Two former Catholic churches in Warwick are on the market. St. Catherine's Cathedral Church at 3248-3252 Post Road was listed for $1 million,...

GOING UP: Michelle Murphy, owner of Roots Hair Salon LLC in Cranston, works on Talias Oakane of Cranston. Murphy says she may have to raise the rent she charges her stylists, who recently raised their prices due to the increased cost of products, because her monthly payment to rent the building space for the salon recently increased. PBN PHOTO/MICHAEL SALERNO

More businesses struggle with their rent payments

Economy 12/09/2022

When Michelle Murphy renewed her lease recently for a 5,000-square-foot beauty salon she rents in Cranston, there was some bad news that came with...

THE TURKS HEAD BUILDING, right, is at the heart of what was once a thriving financial district in Providence. PBN FILE PHOTO/MARY MACDONALD

Is I-195 land a drain on downtown?

Economy 10/14/2022

Some new projects on the former Interstate 195 land have heightened concerns about incentives that favor new development in certain areas of Providence at...

STRENUOUS SUMMER: Brad Marthens, who co-owns The Atlantic Inn on Block Island with his wife, Anne, had to cut room rates to help fill vacancies and didn’t have enough staff to open the inn’s restaurant daily until August, something he is usually able to start doing in June. PBN PHOTO/K. CURTIS

SINKING SPIRITS: Slowed supply chains, inflation, labor shortage are sapping optimism

Cover Story 09/30/2022

There’s only so long you can keep your chin up. After a 2½-year battle against health and economic devastation, Rhode Island companies have been beaten...

East Providence building bought by Glencore Recycling for $4.8M

Real Estate 09/21/2022

EAST PROVIDENCE – The U.S. branch of an international metal recycling company recently bought a 50,000-square-foot industrial facility in East Providence for $4.8 million,...

MESSAGE MAKER: Lori Giuttari and co-owner Scott Indermaur in 2018 established Visual Thrive LLC in Cranston, an agency that helps small and midsize businesses market their message using web design, social media, professional photography and video. /  PBN PHOTO/DAVID HANSEN

Lori Giuttari, Visual Thrive LLC chief marketing officer

Business Services 08/19/2022

Leaders & Achievers 2022 LORI GIUTTARI Chief marketing officer, Visual Thrive LLC AFTER 30-PLUS YEARS as a marketing professional, Lori Giuttari says running a successful business...

THE PHILLIPSDALE LANDING INDUSTRIAL COMPLEX at 310 Bourne Ave. in East Providence recently sold for $8.3 million after being on the market for four months, according to MG Commercial President Mike Giutarri, left, who closed the deal alongside his firm's vice president, Julie Freshman. / PBN FILE PHOTO/MICHAEL SALERNO

East Providence mill complex sold for $8.3M after 4 months on...

Economic Activity 01/05/2022

EAST PROVIDENCE – In a swiftly negotiated deal for a transaction of this magnitude, a property investment group from California bought the Phillipsdale Landing...

Venus de Milo owner plans to sell popular banquet facility

Food & Agriculture 12/29/2021

SWANSEA – The owner of the Venus de Milo banquet facility, a longtime gathering place for Rhode Islanders and southeastern Massachusetts residents alike, is...

HOT PROPERTY: Michael Giuttari, left, president of Providence-based MG Commercial Real Estate Services Inc., and MG Vice President Julie Freshman outside Phillipsdale Landing in East Providence, which was listed for sale in August at $9 million. / PBN PHOTO/MICHAEL SALERNO

Big property deal is indicator of interest in E.P. waterfront

Focus 11/26/2021

Sprawling expanses of land along the East Providence waterfront that were once used for heavy industrial purposes are now presenting new opportunities for commercial...