News: Rhode Island

Mitchell of MG Commercial completes 25,750 s/f lease in Providence with Fair of Cushman & Wakefield | Hayes & Sherry

Leeds Mitchell IV of MG Commercial and Matt Fair of Cushman & Wakefield | Hayes & Sherry completed a 25,750 s/f lease with Swipely at 10 Dorrance St. Fair represented the owner of the building, Summit Real Estate Strategies, while Mitchell represented Swipely. "We are excited to welcome Swipely to our building and the Downtown Providence market," said Scott Rouisse, president of Summit. "It's great to see so many high-growth companies move in to downtown. They seem to be drawn by the vibrancy of the city, the transit options, the large number of restaurants and cafes. It seems like parking is becoming less of an issues for them." Swipely is the simple way for local merchants to accept payments, understand customers and grow revenue. Swipely's valuable payments, analytics and marketing tools work with systems merchants already have and with cards consumers already use. Merchants use Swipely to manage over one billion dollars in sales and to deepen relationships with nearly 4 million customers. Founded by Angus Davis and named to the Forbes Magazine 100 list of "America's Most Promising Companies," the Providence based company includes veterans of Tellme, Microsoft, LivingSocial and SeamlessWeb, and is backed by leading Silicon Valley investors including First Round Capital, Index Ventures, Shasta Ventures, and Greylock Partners, among others.
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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