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ADDITIONAL PAYMENT: The 11,579-square-foot home at 626 Bellevue Ave. in Newport, which sold for $30 million in 2021, is now assessed at $21.6 million. That will mean an additional $103,200 annual payment to the state under the “Taylor Swift tax” taking effect in July. 
COURTESY GUSTAVE WHITE SOTHEBY’S INTERNATIONAL REALTY

How will ‘Taylor Swift tax’ impact R.I.’s luxury real estate market?

As the Ocean State’s so-called “Taylor Swift tax” is poised to go into effect this July, observers agree that for Rhode Island’s wealthiest homeowners,...
NIGHTLIGHT: This is an example of moonlighting along a driveway in Barrington. New England Landscape Lighting Inc. placed lights in the trees so the soft beam filters through the branches. 
COURTESY NEW ENGLAND LANDSCAPE LIGHTING INC.

Tech helps spark a boom In landscape lighting

From light bulbs to wiring, automation to smartphone-based controls, Christopher Beneduce’s world has changed quite a bit in recent years. When Beneduce, the president of...

R.I.’s median home price rises to $499K in January, while sales...

WARWICK – The median sale price of single-family homes in Rhode Island was $499,000 in January, 7.3% higher than it was a year ago,...
PLACE OF PRIDE: Joan and Tony Assante purchased a 1,400-square-foot condominium at Chapel View, one of the first of 14 condos in the development to be occupied 17 years ago. Every condo was eventually purchased. 
PBN PHOTO/MICHAEL SALERNO

SEEKING BALANCE: Developers see financial benefits of live-work-play projects

No matter what Joan and Tony Assante want to do, they usually don’t have to go far to get it done. Grocery shopping? There’s a...

Providence City Council proposes capping annual rent hikes at 4%; mayor...

PROVIDENCE – The City Council outlined a new rent stabilization proposal aimed at curbing rising housing costs on Tuesday. Under the plan, landlords would be...

Median home price in Bristol County, Mass., up to $500K in...

PROVIDENCE – The median price of single-family homes sold in Bristol County, Mass., increased to $500,000 in December, rising 1% from a year ago....
SIGNS OF THE TIMES? People opposed to a data center proposal at the former Pennhurst state hospital grounds in Spring City, Pa., brought signs to express their opposition to the plan at an East Vincent Township supervisors meeting on Dec. 17.  
AP FILE PHOTO/MARC LEVY

Opposition is building against expanding plans for data centers

Tech companies and developers looking to plunge billions of dollars into ever-bigger data centers to power artificial intelligence and cloud computing are increasingly losing...

R.I. monthly unemployment dips to 4.3% in November

CRANSTON – Rhode Island’s seasonally adjusted unemployment rate in November was 4.3%, down slightly from 4.5% in September, the R.I. Department of Labor and...
THE RHODE ISLAND home price index increased 3.5% year over year in October, the second-highest growth rate in New England, according to Cotality, formerly CoreLogic Inc. / AP PRESS FILE PHOTO/NAM Y. HUH

Cotality: R.I. home price index jumps 3.5% year over year, 2nd-highest...

PROVIDENCE – The Rhode Island home price index increased 3.5% year over year in October, the second-highest growth rate in New England, according to...
Steve Callahan Jr.

This is one big opportunity for affordable housing

The shortage of affordable housing in Rhode Island and the South Coast region of Massachusetts is a challenge that lawmakers, businesses and state agencies...
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