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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

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?

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

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...

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

Sprawling expanses of land along the East Providence waterfront that were once used for heavy industrial purposes are now presenting new opportunities for commercial...
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...
PLENTY OF PROJECTS: Jonathan Yaghjian, left, project manager, and Kurtis Quinn, a carpenter apprentice with Cranston-based Pariseault Builders Inc., work on the Zeta Tau Alpha Sorority House on the University of Rhode Island campus in South Kingstown. While many businesses were forced to close their doors 
for much of 2020 due to the COVID-19 pandemic, Pariseault continued to work on a number of multimillion-dollar projects. / PBN PHOTO/ELIZABETH GRAHAM

Builders: Have work, will train

Although the COVID-19 pandemic kept many Rhode Islanders close to home for much of 2020, Pariseault Builders Inc. didn’t slow down. With construction deemed an...
TAKEOUT: Red Stripe in Providence is a city neighborhood restaurant that doesn’t have a drive-thru, but it has converted its back door into something approximating one. General Manager Mike Marchezzo delivers an order to Bill Heindel, of Providence. / PBN PHOTO/MICHAEL SALERNO

Buildings with drive-thrus scarce on the market

The lap blankets, heat lamps and tent-like enclosures will only carry a restaurant so far in the winter. What restaurants really need are drive-thrus. Or...
PROVIDENCE BUSINESS NEWS honored is 2020 25 Leaders & Achievers in a virtual ceremony Aug. 20.

25 business leaders honored as PBN’s 2020 Leaders & Achievers

PROVIDENCE – Twenty-five local business leaders were honored on Aug. 20 by Providence Business News for their career achievements as part of the publication’s...
COMMITTED TO SERVE: MG Commercial Real Estate Services Inc. President Michael Giuttari currently serves as board president of the Society of Industrial and Office Realtors New England chapter and as chairperson of the Highland Charter School board. 
COURTESY MG COMMERCIAL REAL ESTATE SERVICES INC.

Michael Giuttari, president, MG Commercial Real Estate Services Inc.

PBN 2020 Leaders & Achievers Awards Michael Giuttari | President, MG Commercial Real Estate Services Inc. FOR MICHAEL GIUTTARI, president of Providence-based MG Commercial Real...
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