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TAX RELIEF: Providence City Solicitor Jeffrey Dana said tax challenges represent almost 20% of the active civil cases involving the city. In his most recent annual tally, Dana reported to the City Council that 155 of the 845 open civil cases Providence has in either state or federal court are seeking tax relief.
 / PBN PHOTO/MICHAEL SALERNO

What’s commercial property worth? Depends whom you ask

No one likes to pay property taxes. In Providence, fighting that annual bill has become almost routine for many large commercial property owners when...
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....

Providence tower among nation’s largest delinquent commercial loans

PROVIDENCE – One Financial Plaza, Providence’s second-tallest building, was among the nation’s five largest newly delinquent loans last month in the commercial mortgage-backed securities...
ONE FINANCIAL PLAZA has sold for $51.8 million. / PBN PHOTO/MARK S. MURPHY

One Financial Plaza sells for $51.8M

PROVIDENCE - One Financial Plaza, Providence, the city’s second-tallest building, was sold for $51.8 million to Brooklyn, N.Y.,-based JFR Global Investments, according to a...

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