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STILL STANDING: 
There is vacant office space in downtown Providence, but people in the local commercial real estate sector say landlords and banks haven’t reached a crisis level as others have nationwide. 
PBN PHOTO/­MICHAEL SALERNO

SHAKY GROUND: Distressed office real estate could undermine banks, wider economy

The former mayor of Providence is distressed. When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...
ANXIOUS TIMES: Office vacancy rates in downtown Providence have been stable in recent months but are expected to rise this year amid ­national pressures created by rising borrowing costs and declining demand. 
PBN FILE PHOTO/­MICHAEL SALERNO

Pandemic fallout taking toll on commercial real estate

The COVID-19 pandemic has ended but the economic fallout is ongoing in some sectors of the economy, including commercial real estate. Owners and lenders invested...

$20M residential renovation of Studley Building completed

PROVIDENCE – A $20 million renovation of the Studley Building was completed in downtown Providence, which was marked recently by a ribbon-cutting, as the...
HONOREES AND HONOREE REPRESENTATIVES pose with their Providence Business News 2023 C-Suite Awards following Thursday's awards event at the Omni Providence Hotel. / PBN PHOTO/MIKE SKORSKI

PBN’s C-Suite honorees lauded for addressing challenges, inspiring others

PROVIDENCE – Health care was a passion for Ann M. Kashmanian even before her time at Brown Medicine. Kashmanian, the CEO of the East Providence-based...
MAKING ADJUSTMENTS: Michael Friedman, Paolino Properties LP’s director of sales and leasing, says the Providence real estate market has moved away from corporate toward more residential use over the past two to three years.
PBN PHOTO/ELIZABETH GRAHAM

When challenges arise, Friedman closes the deal for Paolino Properties

2023 C-Suite Awards Small Private Company: Michael Friedman | Paolino Properties LP director of sales and leasing IN JUST TWO YEARS on the job, Paolino Properties...
ANN M. KASHMANIAN, CEO of Brown Medicine, has been named the 2023 Career Achiever for PBN's C-Suite Awards program. / PBN FILE PHOTO/MIKE SKORSKI

Brown Medicine’s Kashmanian named Career Achiever in PBN’s 2023 C-Suite Awards...

PROVIDENCE – Ann M. Kashmanian, CEO of Brown Medicine, has been named the 2023 Career Achiever for Providence Business News’ annual C-Suite Awards program. Kashmanian,...

RDW Group moves into CIC building after sale of Smith Hill...

PROVIDENCE – Rhode Island marketing agency RDW Group recently leased offices in the CIC Providence building at 225 Dyer St. in the Innovation District...

PWCVB relocating to Paolino building

PROVIDENCE – The Providence Warwick Convention & Visitors Bureau recently reached a lease agreement to move into the Paolino Properties LP office building at...

Paolino Properties to buy RDW Group building in Providence

PROVIDENCE – Paolino Properties LP is purchasing RDW Group’s Providence building for $3.1 million. The 26,000-square-foot property, located at 125 Holden St. on Smith Hill,...

PBN’s most-read stories of 2022

From developments with the potential to reshape the landscape of Providence and a steady stream of million-dollar home sales across Rhode Island, to ongoing...
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