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Rhode Island real estate market remains strong, due to the fact that inventory remains tight
March 31, 2023
Imagine the economy as a heartbeat, it needs go through rises and lulls, it’s alive. Stagnate activity is cause for concern. We may see a recession but we are in no way able to determine how deep it...
Opt Eyewear leases space in Speidel building in Wayland Square
March 8, 2023
PROVIDENCE – A commercial property in Wayland Square on the East Side of Providence was recently leased to an eyewear business, joining a watch store and repair center, after the company’s previous...
Gursky Wiens law firm leases top floor of Warwick office building
March 1, 2023
WARWICK – A law firm currently based in North Kingstown recently completed a lease agreement to occupy the top floor of an office building at 20 Centerville Road in Warwick, according to Sweeney Real...
Skypath Security moves into Greenwich Mills, forges lease agreement
February 22, 2023
EAST GREENWICH – Skypath Security Inc., a company that outfits schools and other facilities with a mobile app that sends real-time data to first responders, recently moved into The Greenwich Mills...
PWCVB relocating to Paolino building
February 15, 2023
PROVIDENCE – The Providence Warwick Convention & Visitors Bureau recently reached a lease agreement to move into the Paolino Properties LP office building at 100 Westminster St., as the organization...
Utility Supply & Construction expands into 100,000 s/f at West Davisville Commons
February 10, 2023
North Kingstown, RI Utility Supply & Construction Company of Reed City, MI joined the West Davisville Commons (WDC) in December of 2022. The company’s growth changed their footprint in the WDC from...
PBN summit: With recession looming, R.I. economy faces big test
February 3, 2023
The predicted downturn in 2023 will test Rhode Island’s business owners in a state that has yet to adequately prepare its labor force with the professional and technical skills needed for a modern...
PBN summit panel: Economic indicators say recession coming in 2023
January 26, 2023
PROVIDENCE – In many ways, the party is over. At least that’s the way the panelists at Providence Business News’ Economic Trends Summit on Thursday see it when it comes to the national and state...
West Davisville Commons fully leased with arrival of Utility Supply, DuraBody
December 8, 2022
NORTH KINGSTOWN – The two industrial buildings known as the West Davisville Commons in the Quonset Point Commerce Park are now fully leased after the Minnesota-based Utility Supply & Construction Co. ...
Del Toro & Sons building, 3 neighboring properties sell for $1.3M
November 9, 2022
PROVIDENCE – A group of properties in the city’s Valley neighborhood, including the 15,850-square-foot mill building occupied by produce distributor B. Del Toro & Sons Inc., were sold together...
Greater Providence Board of Realtors buys Cranston office for $430K
October 28, 2022
CRANSTON – The Greater Providence Board of Realtors recently bought a new office in Cranston, where the organization plans to host educational events aimed at real estate professionals from the...
Former Garland pen company building in Coventry sells for $800,000
October 5, 2022
COVENTRY – The former Garland Writing Instruments building in Coventry was bought recently for $800,000, after the pen manufacturer was acquired last year by Pen Co. of America and the facility was...
2022 Women in Commercial Real Estate: Christina Rouse, Sweeney Real Estate & Appraisal
September 30, 2022
Are you part of any CRE organizations? How have they helped your professional development? I am an active member of the Rhode Island Commercial & Appraisal Board of Realtors (RICABOR) due to be...
Tom Sweeney named realtor of year by RICABOR
September 16, 2022
Thomas O. Sweeney, SIOR - Principal of Sweeney Real Estate & Appraisal in Providence, has been selected as the 2022 REALTOR® of the Year of the Rhode Island Commercial and Appraisal Board of...
Five Questions With: Kevin Casey
September 14, 2022
As vice president of sales for Sweeney Real Estate & Appraisal, Kevin Casey routinely works on significant commercial property sales throughout the state of Rhode Island, including the $2.87 million...
Former deli building, offices in Cranston sell for $700,000
September 7, 2022
CRANSTON – A closed-down deli and the former office of a cash register equipment company were recently packaged and sold together as one commercial site in Rolfe Square, according to Sweeney Real...
Prominent Federal Hill printing building sells for $550K
September 2, 2022
PROVIDENCE – Sitting at the foot of Federal Hill, right below the iconic “La Pigna” pinecone gateway sculpture, a former printing press building at 91 Atwells Ave. was recently purchased for...
Industrial building in Central Falls sells for $1.85M
August 24, 2022
CENTRAL FALLS – The Buffinton Creative Packaging building at 575 Lonsdale Ave. was sold recently for $1.85 million, according to Sweeney Real Estate & Appraisal, which represented the former owner in...
Sweeney Real Estate & Appraisal sells 20,000 s/f for $1.65 million and leases 2,820 s/f retail
August 12, 2022
Lincoln, RI Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented the sellers of 1320 Eddie Dowling Hwy. The location was previously the home to Cox Communications. Delcar Enterprises...
Sweeney sums up summer in Rhode Island’s 2022 commercial real estate market
July 29, 2022
Well here we are. Many businesses are trying to determine how to navigate the current economic situation. “Economic outlook has dropped to historic lows, down 75% from a year ago as prices have...
Cumberland office building, occupied by CVS, sells for $2.9M
July 27, 2022
CUMBERLAND – A 30,000-square-foot office building, with CVS Health Corp. as its sole tenant, was recently sold for $2.9 million, according to Sweeney Real Estate & Appraisal, which represented the...
Warwick warehouse bought at auction for $1.7M by Grieco
June 15, 2022
WARWICK – A 20,000-square-foot warehouse building in the city that was put into receivership by a state court due to a failure by the prior owner to pay city taxes was recently sold at an auction for...
Five Questions With: Christina Rouse
June 1, 2022
Christina Rouse, director of marketing and operations for commercial real estate brokerage and appraisal firm Sweeney Real Estate & Appraisal, recently became the president-elect of the Rhode Island...
Resmini law firm buys its Providence office condo
May 25, 2022
PROVIDENCE – After relocating to its present location in the summer of 2021 and leasing the space, The Law Office of Ronald J. Resmini recently bought the property where it currently operates at 365...
Chez Pascal property sold, new owner plans another restaurant
May 16, 2022
PROVIDENCE – The former restaurant property of Chez Pascal and The Wurst Kitchen in Providence recently sold for $850,000 after the former business owners announced plans late last year to move to...
Commercial property, home in East Greenwich sell for $1.3M
May 11, 2022
EAST GREENWICH – A building used by a mortgage broker in town, together with a three-story home located behind the business, recently sold for $1.3 million, according to Sweeney Real Estate &...
Pawtucket mill buildings sell for $6.25M
April 29, 2022
PAWTUCKET– Two limited liability companies recently bought two multi-tenanted industrial mill buildings located a half-mile away from each other in Pawtucket for a combined $6.25 million, according...
Schultheis of Sweeney Real Estate sells former Girl Scout Camp for $1.05m
April 29, 2022
Swansea, MA Eric Schultheis of Sweeney Real Estate & Appraisal represented the Girl Scouts of Southeastern New England in the sale of the former Camp Promising Acres located in Swansea and...
Casey of Sweeney Real Estate sells two industrial properties - $1.875 million
April 8, 2022
Smithfield, RI Kevin Casey of Sweeney Real Estate & Appraisal represented the sellers in the sale of 711 Putnam Pike in Smithfield and represented the sellers of 89 & 91 Dunnell Ln. in...
Paolino Properties purchases The Westminster Square Building for $6.55 million; brokered by Sweeney Real Estate and Colliers
April 8, 2022
Providence, RI Paolino Properties has acquired The Westminster Square Building, historically known as the Howard Building, at 10 Dorrance St. Built in 1957, The Westminster Sq. Building is located...
Former Woonsocket nursing home property sells for $1M
March 31, 2022
WOONSOCKET – The former Ballou Home for the Aged in Woonsocket recently sold for $1 million, according to Sweeney Real Estate & Appraisal, which represented the seller. The 21,448-square-foot...
Former Woonsocket nursing home property sells for $1M
March 30, 2022
WOONSOCKET – The former Ballou Home for the Aged in Woonsocket recently sold for $1 million, according to Sweeney Real Estate & Appraisal, which represented the seller. The 21,448-square-foot...
Supply chains, inflation, & resignation, oh my!
March 25, 2022
A pandemic will make you reevaluate how and where you spend your time. Folks want to work from home, work for themselves, or changed what they do for work. “What happens to the labor force and...
Longtime home of Exeter motorcycle gear company sells for $1.4M
March 16, 2022
EXETER – A 27,300-square-foot building in Exeter that’s long been the home of Twisted Throttle LLC, a company that develops and distributes motorcycle accessories, was recently sold for $1.4 million, ...
Schultheis of Sweeney Real Estate & Appraisal leases 3,987 s/f medical office space
February 11, 2022
Cumberland, RI Northern Rhode Island Pediatrics leased  3,987 s/f on the first floor of 175 Nate Whipple Hwy. Northern  Rhode Island Pediatrics relocated to 175 Nate Whipple Hwy. from their Mendon...
Former law office building in Providence sells for $600,000
February 9, 2022
PROVIDENCE – A former law office building at 1000 Smith St. in Providence recently sold for $600,000, which was $25,000 over the asking price, according to Sweeney Real Estate & Appraisal. The...
Pediatric practice moves into Cumberland medical building
January 13, 2022
CUMBERLAND – A medical office building in Cumberland has a new tenant, bringing the occupancy of the 25,000-square-foot property up to 98%, according to Sweeney Real Estate & Appraisal, which...
2021 Year in Review: Thomas Sweeney, SIOR, Owner/Principal, Sweeney Real Estate & Appraisal
December 31, 2021
What was the biggest lesson you learned while working during the pandemic? Early in my career I learned that the building and management of a successful business comes down to creating supportive...
Del Borgo of Places and Spaces Realty installed as Rhode Island Association of Realtors' 2022 president
December 10, 2021
Warwick, RI According to The Rhode Island Association of Realtors (RIAR), Agueda Del Borgo, broker and principal of Places and Spaces Realty in Providence, was installed as the 2022 president of the...
Sweeney Real Estate represents buyer of 71,130 s/f office building for $4.8 million - for 695 George Washington Highway, Lincoln, RI
December 10, 2021
Lincoln, RI Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented the buyers of 695 George Washington Hwy. The 71,130 s/f office building is on 9.97 acres and was purchased for $4.8...
Lincoln office building sells for $4.8M
November 17, 2021
LINCOLN – A 71,130-square-foot office building at 695 George Washington Highway in Lincoln known as “River Place” recently sold for $4.8 million, according to Sweeney Real Estate & Appraisal, which...
Sweeney Real Estate & Appraisal sells 21,276 s/f flex space
September 10, 2021
East Providence, RI Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal brokered the sale of 65 Valley St. and 71-79 Valley St. 65 Valley St. is a 11,876 s/f flex building with two stories of...
Casey of Sweeney Real Estate & Appraisal sells 5,622 s/f office for $1.22 million - Carbone of Domain Properties represents seller
September 10, 2021
Providence, RI Kevin Casey of Sweeney Real Estate & Appraisal represented the buyer in the sale of 141-145 Wayland Ave. & 137 East Manning St. on the East Side of the city. The property is a 5,622...
Optimism is conservatively high for CRE market - office sector has potential to be biggest disruptor
July 30, 2021
As we slowly work our way out of the pandemic, Rhode Island continues to see signs of a recovery but as always there is a good amount of caution in how we will recover. The latest Current Conditions...
47,890-square-foot space in Warwick leased to wood flooring company
July 29, 2021
WARWICK – Thomas O. Sweeney, principal with Sweeney Real Estate & Appraisal, represented the landlords in the lease of 47,890 square feet of industrial space at 55 Colorado Ave. The space was leased...
Atwood Pharmacy leases new space
June 17, 2021
JOHNSTON – Atwood Pharmacy, a family-owned, independent pharmacy, has leased 2,500 square feet of retail space at 1302 Atwood Ave. The pharmacy has a newly approved drive-thru at the site, as...
Providence Oyster Bar to open second location in East Greenwich
June 3, 2021
EAST GREENWICH – A former retail building at 5707 Post Road will be renovated and reopened as a second location for the Providence Oyster Bar, a seafood restaurant that has its flagship location on...
12-acre site on Route 6 in Seekonk sold to developer
June 3, 2021
SEEKONK – A 12-acre property at 1530 Fall River Ave. has been sold to Oracle Homes LLC, a luxury, custom-home developer. The company plans a commercial project on the land, according to the...
Plant City X to open in Warwick
May 20, 2021
WARWICK – Plant City, a popular food hall in Providence that features vegan meals, will expand into Warwick. The restaurant company will open a new Plant City X location in a former Burger King...
Advanced Production and Design leases new space at Quonset Business Park
April 23, 2021
NORTH KINGSTOWN – Advanced Production and Design a digital events business, has leased and moved into expanded space at the West Davisville Commons in North Kingstown. The property at 338 Compass...
2021 Appraisal Forecast
April 22, 2021
“Appraisal experts foresee a strong 2020 for the appraisal industry”. We opened our appraisal forecast last year with the above quote. Two weeks later the COVID-19 virus “in essence” shut down the...
Sweeney represents transfer of former corporate hdqtrs. of Benny’s Stores
April 9, 2021
Smithfield, RI Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented Esmond Realty Corporation & Barmal Realty Corp. in the transfer of the Esmond Mills at 340 Waterman Ave. to 340...
Sweeney R.E. & Appraisal awarded Power Broker by CoStar Group
March 12, 2021
Providence, RI CoStar Group, a leading provider of commercial real estate information, analytics and online marketplaces, named the recipients of the 2020 CoStar Power Broker Award, recognizing...
Banquet hall property in Providence sells for $1M
February 4, 2021
PROVIDENCE – A property containing a small banquet hall in the city’s Fox Point neighborhood has sold for $1 million. The 5,760-square-foot masonry building at 159 Gano St. most recently was owned...
“Attitude of flexibility is crucial to success” is our anthem as we head through 2021
January 29, 2021
What seems to be the longest year ever has come to an end! We have seen a lot change in a short span of time. Our new ways of interacting have brought forth challenges & opportunities in the business...
Casey of Sweeney Real Estate & Appraisal represents seller in $3.95 million multifamily investment sale
January 15, 2021
Pawtucket, RI Kevin Casey of Sweeney Real Estate & Appraisal represented seller, RISSPORT I LLC in the sale of multiple multifamily properties to ROSO Investment Realty Trust for $3.95 million.  The...
East Providence industrial property sells for $1.8M
December 30, 2020
EAST PROVIDENCE – A nearly 32,000-square-foot industrial building at 22 Almeida Ave. has been sold to 22 Almeida Ave. LLC for $1.8 million, according to Sweeney Real Estate & Appraisal, which...
Salvation Army sells former Cranston office space for $485K
December 10, 2020
CRANSTON – A former fire station in the Pawtuxet Village section of the city has sold for $485,000, according to Sweeney Real Estate & Appraisal, which represented its most recent owner, The...
3 commercial properties, valued at $1.3M overall, sell in Cranston, Warwick, Pawtucket
December 3, 2020
CRANSTON – Eric Schultheis, an agent with Sweeney Real Estate & Appraisal, was involved in three commercial transactions in recent weeks that totaled more than $1.3 million. On Oct. 19, he...
Schultheis, Sweeney and Casey of Sweeney Real Estate brokers four sales totaling $3.02 million
November 13, 2020
Cranston RI Eric Schultheis of Sweeney Real Estate & Appraisal was involved in three transactions that totaled $1.37 million. Schultheis represented the property at 757 Park Ave. for receiver James...
Industrial site sells in East Providence for $1.7M
October 29, 2020
EAST PROVIDENCE – A nearly 5-acre site in an industrial park in the city has sold for $1.7 million. The property at 155 Amaral St. includes four industrial buildings that cover about 29,000 square...
Apartment portfolio sells for $7.4M
October 15, 2020
PAWTUCKET – Six apartment buildings located in Pawtucket, Cranston, Lincoln and Central Falls have been sold by a Rhode Island limited liability company to The Hennessy Group LLC. The sale by...
Sweeney and Schultheis of Sweeney Real Estate handle multiple deals
October 6, 2020
Pawtucket, RI Sweeney Real Estate & Appraisal has completed multiple deals in the state.  Eric Schultheis of Sweeney Real Estate represented the sellers of 1 Main St. The property was sold to AA...
Pawtucket office building sells for $280K
September 16, 2020
PAWTUCKET – A commercial property at 1 Main St. was sold on Sept. 10 to AA Prime Properties LLC for $280,000, according to Sweeney Real Estate & Appraisal, which represented the seller. The property...
Schultheis of Sweeney Real Estate brokers East Side investment deal
September 11, 2020
Providence, RI Eric Schultheis of Sweeney Real Estate & Appraisal represented the sellers of the five family apartment complex located on the city’s East Side at 41 E Transit St.  The property was...
Fertility Solutions leases new office space in Providence
August 26, 2020
PROVIDENCE – Fertility Solutions PC has signed a lease on a new location in Providence. The fertility services clinic will move to 134 Thurbers Ave., at Eddy Street. The landlord, J&H Realty LLC, ...
Fox Point apartment building sells for $660K
August 19, 2020
PROVIDENCE – A five-family apartment building in the city’s Fox Point neighborhood has sold for $660,000, according to Sweeney Real Estate & Appraisal, which represented the sellers. The property at...
Sweeney Real Estate & Appraisal sells 15,000 s/f house of worship
August 14, 2020
Providence, RI The Congregation of Ahavath Sholom Sons of Zion, Shaare Zedek of Providence sold a 15,000 s/f place of worship located on the city’s East Side at 120 Rochambeau Ave. to Aletheia Church...
PBN announces 2020 25 Leaders & Achievers honorees
July 17, 2020
PROVIDENCE – Providence Business News has announced its winners for its second annual 25 Leaders & Achievers Awards program honoring local business leaders. The individuals chosen for this year’s...
Five Questions With Thomas Sweeney
July 8, 2020
Thomas Sweeney is the principal and chief appraiser of Sweeney Real Estate & Appraisal, a commercial real estate firm based in downtown Providence. He is a graduate of Providence College. Sweeney...
Sweeney Real Estate & Appraisal sells 20,000 s/f flex building in Highland Corporate Park
June 12, 2020
Woonsocket, RI Prime Restoration and Remediation LLC purchased an industrial flex building located at 811 Park East Dr. for $1.35 million. The 20,000 s/f property sits on 2.5 acres in Woonsocket’s...
Once we all trust each other we will be able to move forward and work in these unusual times
May 29, 2020
As we get finished up with the ninth week of the COVID pandemic, we must realize that the entire globe is going through a major change. While everyone is affected both globally and nationally, our...
Sweeney recognized nationally by Boys & Girls Clubs for expanding youth opportunities
May 28, 2020
Longtime Boys & Girls Clubs of Warwick board of governors’ member Thomas O. Sweeney is the recipient of the Boys & Girls Club of America 2020 Roy McBean Memorial State Alliance Board Member of the...
Prime Restoration and Remediation purchases Woonsocket building
May 21, 2020
WOONSOCKET – A residential and commercial remediation and repair company has purchased an industrial flex building in the Highway Office Park of Woonsocket and plans to relocate its headquarters...
Sweeney Real Estate & Appraisal honored by CoStar Group with Power Broker Award
May 8, 2020
Providence, RI CoStar Group, Inc., the data/analytics leader of the commercial real estate industry, named this year’s Power Broker Award recipients, recognizing professionals and firms who closed...
Pandemic could alter way companies view their offices
April 24, 2020
Within a few weeks after the first COVID-19 case was confirmed in Rhode Island, working from home became the norm. Suddenly, many commutes consisted of grabbing coffee from the kitchen and finding a...
Casey of Sweeney Real Estate & Appraisal sells 138,000 s/f industrial building on 14.65 acres
April 10, 2020
Coventry, RI Sweeney Real Estate & Appraisal sold 538 Main St. sold to Response Properties LLC. for $400,000. Kevin Casey of Sweeney Real Estate & Appraisal represented the sellers, Fiskeville...
Appraisal experts foresee a strong 2020 for the appraisal industry
March 27, 2020
Appraisal experts foresee a strong 2020 for the appraisal industry. The profession continues to evolve, and so does the demand for different types of appraisals. Demand in general remains high, and...
Schultheis of Sweeney Real Estate & Appraisal leases 3,000 s/f
March 13, 2020
Providence, RI Eric Schultheis of Sweeney Real Estate & Appraisal recently leased two properties: 458 Putnam Pike in the  Greenville  section of Smithfield and 135 Gano St. The property on Putnam...
Connect with staff, community
March 13, 2020
Thomas O. Sweeney | Sweeney Real Estate & Appraisal owner and principal broker Early in my career I learned that the building and management of a successful business comes down to creating...
PBN summit: High business costs, education are concerns in R.I.
February 21, 2020
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...
PBN economic summit keynote: Recession not in the forecast
February 13, 2020
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...
2019 Annual Review: Thomas Sweeney of Sweeney Real Estate & Appraisal
December 27, 2019
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...
Casey of Sweeney Real Estate sells three multifamily properties for RISSPORT I - sales totaling $6.5 million
December 13, 2019
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...
Collection of apartment buildings sells for combined $6.5M
December 12, 2019
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, ...
Doherty’s Ale House sold, to become dog day care
October 30, 2019
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...
Smart businesses are learning quickly how to trim fat, adapt and best position themselves for the future
October 25, 2019
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...
Casey of Sweeney Real Estate and Appraisal sells 7540 Post Road for $1 million
October 11, 2019
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...
Sweeney Real Estate & Appraisal sells 34,500 s/f for $1.5 million; Schultheis brokers $375,000 sale of 742 Ten Rod Road
September 13, 2019
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...
Marine life education entity purchases conference center in Exeter
August 15, 2019
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...
Rhode Island is riding the wave of success
May 31, 2019
Sometimes in our lives the personal side and the business sides intersect in ways that we never would have dreamed of. When I am out in a business setting recently there are two questions that people...
Ones to Watch 2019: Eric Schultheis, Sweeney Real Estate & Appraisal
May 31, 2019
Year you entered your current field? 2014 What do you consider to be your greatest professional accomplishment in the past 12 months? In the last year my network has grown exponentially through...
Sweeney Real Estate sells 15,360 s/f building
April 26, 2019
Smithfield, RI Barmal Realty Corp. sold 333 Waterman Ave. to Al’s Real Estate Holding, LLC. The property consists of a 15,360 s/f flex building and 7,050 s/f of cold storage contractor units on 8.5...
Casey of Sweeney Real Estate & Appraisal brokers two sales totaling $1.05 million
April 12, 2019
North Smithfield, RI Olp Associates, LLC sold 40 Old Louisquisset Pike  to Cavco Real Estate, LLC for $780,000. The property is a 6,080 s/f office building with 0.52 acre of land. Kevin Casey, of...
Brown purchases commercial property on Providence East Side
January 10, 2019
PROVIDENCE – Brown University has purchased a 4,000-square-foot building near Thayer Street that previously was a retail location and has plans to acquire the surrounding parking lot. The...
Casey of Sweeney Real Estate & Appraisal sells commercial condo unit
November 30, 2018
Lincoln, RI A&M Realty Associates, LLC sold Unit 203 at 6 Blackstone Valley Place to TBT Enterprises, LLC for $345,000. The unit is a 5,333 s/f commercial condo in a multi tenanted campus with first...
Sweeney Real Estate & Appraisal brokers two sales totaling $2.24 million
October 12, 2018
Cranston, RI Alves Properties, LLC sold 25 Slater Rd. to G3 Slater Road, LLC for $1.75 million. The property is a 25,548 s/f industrial building with office space in the Howard Industrial Park on...
Sweeney Real Estate & Appraisal brokers two sales totaling $1.375 million
September 14, 2018
Pawtucket, RI Thomas Sweeney of Sweeney Real Estate & Appraisal represented Theodore Orson of Orson & Brusini, appointed receiver of Ten Mile Associates, LLC for the sale of real estate located at...
Churchill & Banks purchases Pawtucket industrial property
August 30, 2018
PAWTUCKET – Providence-based developer Churchill & Banks has purchased a three-building industrial site in Pawtucket, with plans to convert two of the buildings for a mixed-use project. The company...
Sweeney Real Estate & Appraisal and Capstone Properties broker $2 million deal
August 10, 2018
Providence, RI Asset Preservation, Inc. sold 71-85 Richmond St. to Seventy One Richmond, LLC for $2 million. The property is a 14,434 s/f, 3-story building located in the Downtown Development...
Rhode Island jumped ahead of 24 states and are now the 9th best economy in the U.S. - by Tom Sweeney
May 25, 2018
There have been a lot of changes in the past few years on how consumers consume and businesses run their businesses. We have seen steady big box reduction as online ordering increases, we have seen...
Lincoln Freight Terminal sells industrial building for $1.4M
February 22, 2018
LINCOLN – Lincoln Freight Terminal Inc. sold a 213,500-square-foot industrial building on nearly 6 acres recently for $1.4 million. The property, at 50 Industrial Circle, was sold to 50 Industrial...
South Kingstown auto dealership sold, land will be redeveloped
February 15, 2018
SOUTH KINGSTOWN – A vintage car dealership in the village of Wakefield has been sold and will be redeveloped into a new retail center. Fred W. Smith Inc., established in 1916, sold a nearly 5-acre...
Sweeney and Casey of Sweeney Real Estate broker $2.2 million sale
December 8, 2017
Warwick, RI Thomas Sweeney and Kevin Casey of Sweeney Real Estate & Appraisal brokered a $2.2 million sale of a 42,442 s/f retail building that sits on 3.4 acres along Bald Hill Rd.   The Rockola...
Sweeney of Sweeney Real Estate sells Warwick Cove Marina for $805,000
November 10, 2017
Warwick, RI Warwick Cove Marina, Inc. sold 2 Seminole St. to Fairwinds Marina, LLC for$805,000. The 90-slip marina is located off of Greenwich Bay in Warwick Cove. The sale included anoffice building...
The Rhode Island real estate market has been very active both on a local and national level
October 26, 2017
Winter is coming! Temperatures are dropping, Lardaro’s Current Conditions Index beat its year-earlier value for the seventh consecutive time this year and cranes are active in the sky, all seems well...
Sweeney of Sweeney Real Estate & Appraisal brokers $2.03 million sale
July 14, 2017
Cranston, RI New London Real Estate, LLC sold 1150 New London Ave. to Vancass Holdings LLC for $2.03 million. The property is a multi-tenanted, 3-story, 24,586 s/f building located close to Garden...
Jewish Family Service purchases former medical office building for $600K
June 29, 2017
PROVIDENCE – Jewish Family Service Inc. has purchased a former medical office building at 1165 North Main St., for $600,000. The property, at 10,306 square feet, fronts the highly traveled road on...
Spring brings new growth, and in Providence shovels for new construction are breaking ground
March 31, 2017
Spring brings new growth, the ground begins to thaw and in Providence shovels for new construction are breaking ground. Year after year we’ve said that things are getting better but without cranes in...
Sweeney of Sweeney Real Estate brokers $1.275 million sale of redevelopment site
December 9, 2016
Cumberland, RI Joseph & Dolores Amaral sold a 4-acre redevelopment site located at 15 Jones St. to Civic RI Central Falls Charter I LLC for $1.275 million. The 4 acres was improved by a 13,960 s/f...
NEREJ Fall Preview
October 28, 2016
We collect data, conduct economic analysis, review economic indicators and engage consumers all to gain a better understanding of the influencers which impact the commercial real estate market. The...
Sweeney of Sweeney Real Estate & Appraisal brokers $1.8 million sale and leases 8,414 s/f
October 14, 2016
Middletown, RI Leicester Associates, LLC sold 875 Aquidneck Ave. to Middletown Self-Storage, LLC for $1.8 million. The property is a 15,000 s/f office and distribution center that is located along...
Office, distribution center sells for $1.8M
September 29, 2016
MIDDLETOWN – Leicester Associates LLC recently sold a 15,000-square-foot office and distribution center, at 875 Aquidneck Ave., for $1.8 million. The 1.66-acre property was sold to Middletown Self...
We can finally say that there is fundamental growth and dare we say even price appreciation
March 25, 2016
As we look ahead to the second half of 2016, we must remember that 2015 will be remembered as the year that things finally got better. What was previously stagnant is now gaining momentum and...
Sweeney Real Estate completes $985,000 sale and leases 7,000 s/f
March 15, 2016
Smithfield, RI Ferranti Properties LLC sold 16,800 s/f of space at 29 Lark Industrial Dr. to the Carlyle Johnson Machine Company for $985,000. Coast to Coast Promotions plans to lease back 4,370 s/f...
Downtown lease, vacancy rates rise
March 11, 2016
The overall vacancy rate for office space in downtown Providence increased last year, in large part due to consolidation of corporations and some defections to suburban office parks. In addition, ...
Five Questions With: David W. Widmann
March 3, 2016
David W. Widmann is vice president of appraisals for Providence-based Sweeney Real Estate & Appraisal. He previously worked for Rodman Real Estate and has been in the commercial real estate business...
Sweeney announces $835K sale of East Providence building
March 3, 2016
EAST PROVIDENCE – Sweeney Real Estate & Appraisal recently announced the sale of a 17,920-square-foot industrial building at 85 Commercial Way in East Providence. The building sold for $835,000. The...
Kushner of RE/MAX Commercial sells 22,671 s/f for $2.4 million in Cranston
February 19, 2016
Cranston, RI RE/MAX Commercial sold the 22,671 s/f class A professional office building at One Coastway Plaza, the former home of Coastway Community Bank.  Andy Kushner of RE/MAX Commercial...
Casey of Sweeney Real Estate facilitates $1 million transaction
January 6, 2016
Woonsocket, RI LSI Graphic Solutions Plus sold 811 Park East Dr. to 811 Park East Drive, LLC for $1 million. The property is a 20,540 s/f manufacturing building in the Highland Corporate Park that...
Success stories not limited to Providence, as Quonset Business Park and suburbs continue to see growth
October 30, 2015
As we head into the 4th quarter of 2015, it is becoming apparent that the 3rd quarter of 2015, may be remembered as the period of time in the most recent economic cycle where “things did get better”...
Sweeney of Sweeney Real Estate & Appraisal sells 83,750 s/f industrial building for $2.7 million
September 18, 2015
Fall River, MA AGC Flat Glass, North America, Inc. of Alpharetta, Georgia, sold 575 Currant Rd. to 575 Currant Road LLC for $2.705 million. The property is an 83,750 s/f industrial building on 8.75...
Sweeney and Casey of Sweeney Real Estate sell 12,222 s/f for $875,000; To Quality Business Enterprises, LLC at 49 Plain Street
January 19, 2015
NORTH ATTLEBORO MA - 49 Plain Street Realty Associates, LLC sold 49 Plain St. to Quality Business Enterprises, LLC for $875,000. The property is a 12,222 s/f office building off of Rte. 152. Thomas...
Casey, of Sweeney Real Estate, facilitates 1 Million Dollar transaction for manufacturing space in Highland Corporate Park
October 2, 2014
PROVIDENCE, RI – LSI Graphic Solutions Plus sold 811 Park East Drive in Woonsocket to 811 Park East Drive, LLC for $1,000,000. The property is a 20,540 square foot manufacturing building in the...
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