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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...
THE COMMERCIAL REAL ESTATE market has been heavily impacted by the COVID-19 pandemic. / AP FILE PHOTO/MARK LENNIHAN

Virus pummels commercial real estate, could end long boom

NEW YORK (AP) – Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus...

Report: Commercial real estate loan delinquencies drop in Providence metro

PROVIDENCE – The delinquency rate for commercial real estate loans in the Providence-Warwick metropolitan area dropped below 3% in August, according to new figures...

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...

Trepp: Delinquency rates drop for commercial real estate loans

PROVIDENCE – Commercial banks should be glad to read the latest data from Trepp LLC, a New York-based firm that does research relating to...
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