Michael Giuttari - Providence Business News

MICHAEL GIUTTARI, pictured, has sold his company, MG Commercial Real Estate Services Inc., to longtime partners Leeds Mitchell IV and George Paskalis./ PBN FILE PHOTO/MICHAEL SALERNO

MG Commercial sold to longtime partners Paskalis, Mitchell

News Story 07/15/2024

PROVIDENCE – MG Commercial Real Estate Services Inc. is now under new ownership. And, at the same time, kept things in-house. The commercial real estate...

SHELF DISPLAY: Kelley McShane, right, co-owner of beverage manufacturer The Granny Squibb Co. LLC, with Tony Melo, who approves brands to put on the shelf, at Eastside Marketplace in Providence. PBN PHOTO/MIKE SKORSKI

FADING FEARS: Despite lingering concerns, businesses regaining swagger

Cover Story 09/29/2023

After weathering a year largely overcast by fears of a looming recession, business owners are feeling more buoyant as they look ahead despite lingering...

Cranston office building with cafeteria sells for $3.2M

Real Estate 05/11/2023

CRANSTON – A 22,671-square-foot office building in Cranston recently sold for $3.2 million, according to MG Commercial Real Estate Services Inc., which closed the...

PARCEL 42 in the I-195 district is available again for development now that the proposal for the Fane Tower has been withdrawn, but what should go there? / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION

With Fane Tower out, leaders mull over what should go on...

Government 05/05/2023

After years under contract with an out-of-state developer, Parcel 42 on the former Interstate 195 land in Providence is finally up for grabs again....

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...

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...

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...