News: Rhode Island

Brenner, Realtors sells condo development for $1 million

Brenner, Realtors of Newport, R.I. and Fall River, Mass., has sold 8.9 acres, representing the previously uncompleted portion of the Clock Tower Business/Professional Condo Development on the west side of West Main Rd., near the terminus of Rte. 24. According to company president, Realtor George Brenner, GRI, CRB, the purchaser, Clock Tower Square, LLC of Warwick, intends to complete the development project with a similar type of combination first level retail/professional condos and upper level professional office units. It is anticipated that dates for commencement of construction, as well as availability of units for purchase and occupancy, will be announced by the new developer within the next few months. The sale was a cooperative transaction with MG Commercial Real Estate Services of Providence, represented by their sales associate and listing agent, Realtor Dan Feiner, who also represented the seller.
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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

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