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Nexgen buys former R.I. Rental building in Warwick for $2.15M

WARWICK – A 25,352-square-foot warehouse building in Warwick recently sold for $2.15 million, according to Capstone Properties, a Providence-based real estate company, which represented...
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...

Five Questions With: Neil Amper

Neil Amper is vice president at Capstone Properties, a commercial real estate firm in Providence. He spoke to the Providence Business News this week...
CUSTOMER-FOCUSED: Jennifer Massotti, general manager of Barrington Books in Barrington, holds up a bag with a thank-you note, which she wrote for all curbside-pickup orders. The small business was able to secure flexibility on rent payments from the landlords for both of its locations, in Barrington and Cranston. / PBN PHOTO/MICHAEL SALERNO

Overdue rent growing into pandemic problem

How can a business pay its rent when the state orders it to close its doors in a pandemic? The reality is many can’t in...
WATCHFUL EYE: A worker from Shawmut Design and Construction oversees the building of the new Brown University Performing Arts Center on College Hill in Providence in December. / PBN FILE PHOTO/MIKE SKORSKI

Boston’s building boom drawing labor from R.I.

Finding office space in northern Rhode Island for a Massachusetts company that wanted to relocate proved so difficult recently that it required some quick...
INVOLVED: Jim Boscov is the chairman and CEOALTERNATIVE SERVICES: The Providence Place mall has evolved to compete with online shopping and e-retailers by adding alternative services such as the CycleBar cycling studio and renting space to Comprehensive Community Action Program for a “skills center” that offers computer and language classes, as well as job-training workshops.   / PBN PHOTO/MICHAEL SALERNO

New stores help Providence Place evolve

To many, the closure of Nordstrom at Providence Place mall was a disheartening blow for the capital city, and further proof online shopping is...
NEW STATION: Raymond Lavoie, left, executive director, and Dr. Michael Fine, senior clinical and population health officer, stand in front of Blackstone Valley Community Health Care’s new neighborhood health station in Central Falls.
 / PBN PHOTO/MICHAEL SALERNO

New Blackstone Valley health center seen as boon to Central Falls...

Drive along Broad Street in Central Falls on a weekend and you’ll see that it plays a significant role in the city’s small economy. “It’s...
POTENTIAL GROCERY STORY: Pictured is the construction site of a six-floor housing project at 78 Fountain St. in Providence, where developers Cornish Associates and Nordblom Co. would like to see a grocery store occupy the ground floor.  
 / PBN PHOTO/MICHAEL SALERNO

Will downtown Providence ever get a supermarket?

Downtown Providence is known as the central political and cultural district of Rhode Island. Among those who live and work there, it’s also known...
HIGH PRICES: Mike Giuttari, president of Providence-based commercial real estate brokerage firm MG Commercial, said because demand for commercial real estate is so high in the Greater Boston market and because the Rhode Island market is so close, contractors can charge high prices and if they don’t get them in the Ocean State, they can take their business to Boston. / PBN FILE PHOTO/RUPERT WHITELEY

After a strong 2018, signs of weakening in commercial real estate?

Living in the shadow of a giant can be difficult. Just ask those on the business end of Greater Providence’s commercial real estate market....

Jewelry District building sells for $2M

PROVIDENCE – A three-story building at 71-85 Richmond St. sold in mid-July for $2 million, about twice its assessed value. The property owned by Asset...
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