News: Rhode Island

Residential Properties facilitates $2.1 million sale

Providence, RI Residential Properties Ltd. facilitated the $2.1 million sale of 51 Prospect St. RPL represented both sides of the transaction, with sales associate Jim DeRentis as the listing agent and sales associate Kira Greene as the buyer’s agent. According to Statewide MLS data, this marks the 13th East side sale of over $1 million this year, with RPL listing nine of the sales and proudly representing 19 of the possible 26 transaction sides.

This modern Contemporary was selected as the winner of the Honor Award as part of the American Institute of Architects (AIA) Rhode Island Design Awards. The AIA RI Design Awards is an annual program that celebrates excellence in architecture and recognizes achievements in design. The Honor Award is the highest award in the highly competitive residential sector.

Designed by Albert Garcia of KITE Architects, the focus of the project was to visually and spatially transform the building and its landscape to increase privacy, without losing its connections to Providence’s center of residential and student activity. 

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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