News: Rhode Island

Accetta of Joseph W. Accetta & Associates completes 7 sales - $2.1 million: Plus two leases totaling 22,403 s/f with Marchwicki of Bismarc Properties

Joseph Accetta of Joseph W. Accetta & Associates and Brenda Marchwicki of BisMarc Properties have completed recent transactions in Cranston, North Providence, Providence, Johnston, Warwick, and Pawtucket, RI. * 1700 Mineral Spring Ave., North Providence, has been sold for $1 million for Barrett Avenue Realty Trust to K Bros. This corner location on Douglas Ave. is a mixed-use property of retail, apartments, and a gas mart. * 1334 Associates has leased 1334 Park Ave. in Cranston to Bowen Investment Corp. The former Tim Horton's Donut Shop has been refitted to become a Honey Dew Donuts. The ten-year-old 2,003 s/f building sits on a 21,283 s/f corner site. * 624 Woonasquatucket Ave., North Providence, has been sold from the St. Lawrence Church Corporation of Centerdale to Pathfinder Corporation. The former 24,000 s/f elementary school and adjacent wood frame 1,696 s/f rectory will be utilized as an adult day care center. The sale price was $250,000. * 110 Kenyon Ave., Pawtucket, has been sold for $275,000 by Richard Land, Esq., Receiver to Jonathan Savage. The 85,204 s/f industrial building is sited on a 25,500 s/f site. * 1150 Pontiac Ave., Cranston, has been leased from Under One Roof, Inc. to Vassa Yoga Studio. The 2,400 s/f one level space has been extensively renovated for its new use. * 49 North Union Street, Pawtucket sold for $175,000. This warehouse building contains 66,000 s/f on three floors. It is situated on a 14,000 s/f site in the downtown area of the city. The seller was Major Electric and the buyer was Nexus Corp. * 70 Jefferson Blvd., Warwick has been sold for the Kirkpatrick Trust to Karen Bacon. The 1,500 s/f second floor office condominium sold for $175,000. * 70 Greenville Ave., sold for $115,000. This was a 1,920 s/f garage on a 9,890 s/f site. The seller was Joseph Rendine. The buyer was Metro Surveillance. * 158 Courtland St., Providence, has been sold for $110,000. This 1,637 s/f church building is on a 4,356 s/f site. It was sold for $110,000 to Seventh Day Advent Reform Movement.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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