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Winstanley, Surrey Buy Rhode Island Mall for $38M; Makeover in Store

Winstanley, Surrey Buy Rhode Island Mall for $38M; Makeover in Store

In a $38 million deal, a joint venture of Winstanley Enterprises L.L.C. of Concord, Mass. and New York-based Surrey Equities L.L.C. has acquired Rhode Island Mall in Warwick, the Providence Business News reported. Eastern Retail Properties represented the buyers of the 450,000 square-foot property, while Cushman & Wakefield Inc. represented…

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Rhode Island Housing Wins 2 Awards in National Competition

Rhode Island Housing Wins 2 Awards in National Competition

Rhode Island Housing has received the National Council of State Housing Agencies’ special achievement and communications awards. NCSHA cited the state agency’s comprehensive approach to foreclosure prevention and its efforts to forge human and electronic links with more than 60 local and national lenders in its special achievement award. Housing…

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Providence’s Waldorf Capital Buys M-F Asset in Fall River

Providence’s Waldorf Capital Buys M-F Asset in Fall River

Tag Fall River Real Estate III LLC, a division of Providence-based Waldorf Capital Management LLC, has purchased a 49-unit apartment complex in Fall River, Mass. for $3.42 million, the Boston Business Journal reported. NAI Hunnema's investment sales team represented the seller, Clearview Investments, and procured the buyer. Tag Fall…

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Washington Trust Provides $4.8M Financing for Historic Property

Washington Trust Provides $4.8M Financing for Historic Property

The Washington Trust’s commercial real estate group recently provided $4.8 million in commercial mortgage financing to Emanon Associations L.P. The funds will be used to refinance, capitalize and improve The Gardner Building in Providence. Located at 40 Fountain St., the eight-story, 75,000-square-foot office property has been owned by Emanon Associations…

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URI Debuts $75M Research Center at College of Pharmacy

URI Debuts $75M Research Center at College of Pharmacy

The University of Rhode Island has formally unveiled a $75 million research center for its College of Pharmacy that will enable expansion of its graduate and undergraduate programs. At five stories and 144,000 square feet, the facility can accommodate 820 students and is the largest academic building on…

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Bronhard Buys East Side M-F Portfolio; Arcade to Reopen

Bronhard Buys East Side M-F Portfolio; Arcade to Reopen

Walter L. Bronhard Real Estate has purchased seven multi-family buildings located on the East Side of Providence for approximately $5.9 million. According to the Providence Journal, the sellers are the Plushner Family Limited Partnership and 63 Realty Corp. The Providence Business News reports that the acquisition includes the four-story, mixed-use…

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Bristol Harbor Flood Control Project Breaks Ground

Bristol Harbor Flood Control Project Breaks Ground

Federal and local officials have broken ground on a critical $4 million flood-control project in the southern end of Bristol Harbor. The Tanyard Brook project will replace the existing pipe and stone-lined channel from Garfield Street to the outfall at Walker’s Cove with a new concrete box culvert. The project…

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