The Rhode Island economy has come a long way since the dark days of the Great Recession, when the unemployment rate was among the highest in the country. R.I. Commerce Secretary Stefan Pryor, a panelist at the Providence Business News Economic Trends Summit at the Crowne Plaza Providence-Warwick on Feb.
WARWICK – “There is no reason to suspect there will be a recession in the U.S. anytime soon,” said Thomas Tzitzouris, a Rhode Island native and a director for Strategas Research Partners in New York. Tzitzouris was the keynote speaker for the Providence Business News’ Economic Trends Summit at the
What are your predictions for commercial real estate in 2020?We have seen the market continue to rise over these last few years, but with each quarter of growth skepticism also grows. The positive change continues to have momentum and while the commercial market is less elastic than the residential, outside
Pawtucket, RI Kevin Casey of Sweeney Real Estate & Appraisal represented sellers, RISSPORT I, LLC, in the $6.5 million sale of three multifamily investment properties. The properties total 84 units in seven buildings: • 100 Park Place, Pawtucket – buyer: Blackstone Point, LLC & MJ Cobalt Holdings LLC – two buildings,
PAWTUCKET – Three multifamily investment properties were sold recently for a total of $6.5 million, consisting of seven buildings and 84 units. The properties were located in Pawtucket and Lincoln, according to Sweeney Real Estate & Appraisal of Providence, which represented the sellers. The properties were all held by RISSPORT
WARWICK – The former Doherty’s Ale House building in Warwick has been sold and will be renovated and converted to a dog day care and spa. Dogtopia will open a dog day care, boarding facility and spa in the location. The anticipated opening is February 2020. The property at 30
The commercial real estate industry is constantly influenced by change. It is those owners and users that are able to quickly adapt to the changes that will survive the inevitable lull. Adapting to new business models, the use of technology in businesses and managing expectations for tenants and investors are
North Kingstown, RI The YMCA of Greater Providence sold the West Bay YMCA located at 7540 Post Rd. to Ocean State Job Lot Charitable Foundation for $1 million. The 20,000 s/f wellness center has been refurbished by the buyers. Kevin Casey of Sweeney Real Estate and Appraisal was the exclusive broker
Providence, RI Sweeney Real Estate & Appraisal sold 125 Ernest St. for $1.5 million. The 34,500 s/f warehouse building is located in the ManuCenter section in the city, off of Allen’s Ave. The seller, Shane Realty LLC was represented by Thomas Sweeney of Sweeney Real Estate & Appraisal and the buyer,
EXETER – An entity that plans to produce environmental programs on marine life has purchased a property in Exeter most recently owned by the National Sheriff’s Association. The newly incorporated WarFish Shark Research Center LLC purchased 742 Ten Rod Road on Aug. 9, according to online real estate records. The
