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 40,000 s/f to 100,000 s/f in a few weeks. Utility Supply & Construction also added just over four acres
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 economy. In addition, the state needs better infrastructure, more housing and more effort to foster emerging industries.
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 economies, which they believe are headed into a recession sometime in 2023, though how painful
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. recently signed a deal to occupy the last remaining 40,000 square feet of the property, according to Sweeney Real Estate
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 recently in a portfolio sale for $1.3 million, Sweeney Real Estate & Appraisal announced. The portfolio spans two parcels and four buildings, which
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 region. The one-story, brick-veneer building at 1169 Park Ave. was sold to the organization for $430,000 by Surfside Properties LLC, according to a
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 closed, according to the commercial real estate firm that represented the sellers. The 40,000-square-foot mill building, located at 1 South
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 installed as president of the organization in November. The RICABOR has not only helped build my relationships with
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 REALTORS®. This prestigious award is based on his outstanding contributions and leadership in the real estate industry.
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 acquisition of a 30,000-square-foot office building in Cumberland occupied by CVS Health Corp. and a $1.73 million purchase of a 20,000-square-foot warehouse building in Warwick. A
