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 I LLC, which has offices in East Providence at 20 Newman Ave. The...

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 Jefferson Blvd. covers 7,623 square feet and was sold for $600,000, according to Sweeney Real Estate & Appraisal, which...

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 all on the laundry list of influential changes.  Market rents in Providence were above...