News: Rhode Island

Feiner of MG Commercial sells 2 buildings 21,600 s/f for $1.238 million

Providence RI Dan Feiner of MG Commercial Real Estate working with Bank of America through their receiver completed the sale of 790 North Main St. to New England Pension Plan Systems. The property is a two-level 8,600 s/f office building which will be converted to the new headquarters for NEPPS on one floor and the balance of the space will be available for lease. This property was sold for $589,875. Additionally, Feiner working with Washington Trust through their receiver completed a deal at 1630 Mineral Spring Ave., North Providence, with George Paskalis of MG Comm'l. who was representing Bluestone Development Group. This property is a 13,000 s/f medical office and retail building. It is being refurbished. The property was sold for $650,000.
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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