Providence *DO NOT USE*
RI Industrial Asset Changes Hands
Legacy Real Estate Ventures, in a joint venture with ProPartners in Parking, acquired 300 Niantic Ave. in Providence. The $4.2 million transaction was negotiated by CBRE/New England.
Webster Bank Closes on $7M Financing Deal
The portfolio financing for a craft beer cooperative includes a partnership with the U.S. Small Business Administration in conjunction with their 504 Program.
Blackstone Sells Value-Add Medical Campus in Providence
Ventas is the new owner of the historic property, which includes South Street Landing, a redeveloped 269,000-square-foot municipal power station anchored by Brown University.
Reebok Announces New Rhode Island Manufacturing Facility
The facility will build shoes using the company’s new liquid plastic technology.
Largest Hotel in Rhode Island Completes $15M Renovation
The newly upgraded skyscraper offers 564 guestrooms and suites that reflect modern designs of local New England flair.
HFF Closes North Kingston Hotel Sale
The firm marketed the 104-key Marriott property on behalf of the seller, Waterford Development and XSS Hotels, and procured the buyer.
U-Haul of Newport Expands with Property Acquisition
Movers in and around Newport will have more self-storage options with the upcoming expansion at U-Haul Moving & Storage of Newport at 111 Connell Hwy.
Procaccianti Group’s Hotel Division Promotes New President & CDO
Meet Paul Sacco, president & chief development officer of TPG Hotels & Resorts, a division of the Procaccianti Group.
Wimpling, Kleiman Appointed as hotelAVE Executive VPs
HotelAVE, a leading hospitality asset management firm, recently named Michele Wimpling and Nina Kleiman as executive vice presidents.
Rhode Island Mixed-Use Gets $25M Refi
Washington Trust has provided a $25 million loan for the refinancing of a major retail, residential and hotel center located in South Kingstown, RI.