News: Rhode Island

Kern and Scotti of Peter Scotti & Associates sell 9,659 s/f St. Bernard's School

Michael Kern and Peter Scotti of Peter M. Scotti & Associates sold St. Bernard's School located at 415 Tower Hill Rd. for $670,000. The buyer South County Community Action was represented by Scotti. The seller was represented by Kern. * Brick and block constructed school built over a partial basement circa 1950. * 9,659 s/f apportioned into six classrooms, office and all purpose room. * Recent updates to fire alarm system and environmental matters. * About 30% of building leased to Montessori School. * Oil fired, hot water heating, partial A/C * 3.44 acre site located south of intersection with Ten Rod Rd.which is west of Wickford Village.
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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