Thursday, January 27, 2022

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Real Estate

COST OF COVERAGE: Frank Doyle, AAA Northeast senior vice president of insurance, says the rising value of real estate has played a part in causing home insurance premiums to increase. / PBN PHOTO/MICHAEL SALERNO

Another factor is making housing even more costly

Even homeowners who weren’t looking to buy in the red-hot housing market are digging deeper into their pockets lately. One reason: rising insurance premiums. From...

R.I. Ethics Commission dismisses complaint against McKee’s former chief of staff

PROVIDENCE - The Rhode Island Ethic's Commission on Tuesday dismissed a complaint issued by the state's Republican Party against Gov. Daniel J. McKee's former...
STILL BUSY: Sally Lapides, CEO and president of Residential Properties Ltd., says she believes demand for new homes will remain strong in 2022. / PBN PHOTO/MICHAEL SALERNO

Housing market forecast: ‘From ridiculous to hot’

Prospective homebuyers shouldn’t expect substantial relief on the horizon when it comes to house prices. Following a record-breaking year for the residential real estate market...
BEACON ROCK, located at 147 Harrison Ave., Newport, was sold Wednesday for $23 million. / COURTESY GUSTAVE WHITE SOTHEBY'S INTERNATIONAL REALTY

Newport’s ‘Beacon Rock’ estate sold for $23M

NEWPORT – The real estate market in the City by the Sea continues to soar, with another prominent estate sold on Wednesday. Gustave White Sotheby’s...
OCEAN VIEW, located at 662 Bellevue Ave., Newport, was sold for $16 million. / COURTESY GUSTAVE WHITE SOTHEBY'S INTERNATIONAL REALTY

Newport’s ‘Ocean View’ mansion sold for $16M

NEWPORT – For the third time in approximately three months, a prominent mansion has been sold in the City by the Sea. The estate known...
Arnold B. Chace Jr.

Arnold B. “Buff” Chace Jr.

Arnold B. “Buff” Chace Jr. continues to put his stamp on Providence’s downtown. The property development company Cornish Associates LP – where Chace is managing...
Jack Martin

Jack Martin

Jack Martin first arrived at the Providence Public Library in 2014 and took a mental note of how the place looked. The word that...
James A. Procaccianti

James A. Procaccianti

The Procaccianti name can be seen everywhere in Rhode Island if you look close enough. Procaccianti Cos. was the real estate developer behind the nine-story,...
EVOLVING DISTRICT: The $20 million Providence River Pedestrian Bridge completed in 2019 is part of the changing landscape in the I-195 Redevelopment District. / PBN FILE PHOTO/ARTISTIC IMAGES

Sky has been limit for R.I. developers

REAL ESTATE Real estate has taken center stage in Rhode Island as a form of economic development. After a slow start, the long-vacant I-195 Redevelopment District...
A PROPOSED WAYLAND SQUARE mixed-use residential project is favoring bicycles instead of parking spaces, but the Providence City Plan Commission still has questions about the plans. / COURTESY PROVIDENCE CITY PLAN COMMISSION

Lack of parking at proposed projects stirring debate

More and more frequently, proposals for new apartment buildings in Providence are including less and less on-site parking, and that’s perfectly fine with some...

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