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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...
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...
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...
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...
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...
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...
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 – 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 – 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...
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...
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...
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...
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– 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...
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...
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...
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...
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...
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...
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, ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
“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...
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...
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...
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...
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...
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 – 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...
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...
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...
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...
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...
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...
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 – 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...
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...
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, ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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. The profession continues to evolve, and so does the demand for different types of appraisals. Demand in general remains high, and...
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...
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...
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...
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...
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...
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...
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, ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 – 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 – 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...
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...
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...
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...
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...
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, 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...
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...
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...
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...
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...
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...
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, ...
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...
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...
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...
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...
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”...
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...
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...
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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