News: Rhode Island

Feiner of MG Commercial Real Estate completes 10 retail leases; leases out Ocean State Shopping Center for Aegian Capital

Dan Feiner, senior vice president of MG Commercial, representing Aegian Capital, the owner of Ocean State Shopping Center at 361 Reservoir Ave., completed deals with Advance America, Cardi's Mattress store and VS Jewelers for a total of 4,000 s/f. As a result of these transactions, the shopping center is 100% leased. In addition, Feiner relocated Curves to 1725 Mendon Rd., Cumberland and completed a deal with Mick Hogan of Hayes & Sherry, who represented Sprint, at 616 George Washington Highway, Lincoln. At 2000 Mendon Rd., Cumberland Plaza, Feiner negotiated a deal with Impulse, a new jewelry and accessory retail store. And Feiner represented Rumford Pet Center in their expansion to Apple Valley Mall in Smithfield where they will operate a 5,800 s/f store. Recently, Feiner completed a deal with Catanzaro's Pizzeria at 1283 Park Ave., Cranston in a 2,200 s/f free-standing building. And in Mass. Feiner represented the ownership of Plainville Commons in Plainville and recently completed a lease with Battleground Games and Hobbies for 2,000 s/f. This retailer followed in Piezoni's Restaurant at the shopping center. Also, Feiner was able to complete a second deal with Piezoni's at 25 Roberts Dr. in Easton with Samuel's & Associates, the owners of Highland Plaza Shopping Center.
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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