News: Rhode Island
Posted: July 9, 2021
Alves and Lowe of the Elite Group at KW Commercial sell two Woonsocket properties
Woonsocket, RI Michael Alves and Christopher Lowe of the Elite Group at KW Commercial have completed the sale of multiple residential land lots for the city, and are in the process of selling two further commercial developments for the city, including the Park Place Middle School (357 Park Place - listed at $900,000) and the former Ayotte Field (777 Providence St. - listed at $749,000) which is currently under agreement.
“The insatiable appetite for quality development opportunities means these opportunities are closing fast, which is a great win for the city, having them re-enter the tax rolls. ” said Alves, whose firm will be handling strategic municipal sales for the town, after securing a tender for real estate services late last year.
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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
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
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 industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary