News: Rhode Island

Saletin Real Estate Group leases 4,000 s/f at 40 Sharpe Drive

Saletin Real Estate Group has leased 4,000 s/f at 40 Sharpe Dr. to Rhode Island Society of Certified Public Accountants (RISCPA). The 30,000 s/f office building is also home to two Fortune 500 companies, the worldwide technology company, Siemens, and Concentra, a subsidiary of Humana, Inc. "We are very pleased that the RISCPA has chosen 40 Sharpe Dr. in Howard Industrial Park for their association's new Rhode Island headquarters. They are a great fit with the other professionals in the building and we are confident their members will make great use of both the building and large parking lot," said Jeffrey Saletin, president of Saletin Real Estate Group, the property management firm and sole broker in conjunction with the lease. RISCPA, previously located in Providence, sponsors numerous courses and events for its membership throughout the year. "Following a rather robust search for our new office building, we happily discovered Saletin Real Estate Group and principal, Jeff Saletin who, based on a solid inventory of properties, introduced my team to several buildings suitable to our needs," said Robert Mancini, RISCPA executive director. "I am happy to report that our final selection fits the bill perfectly in terms of location, amenities and, of course, ample parking," Mancini said. RISCPA officially opened its Cranston office on July 14.
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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