Rhode Island real estate market remains strong, due to the fact that inventory remains tight
Sweeney Real Estate & Appraisal
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7M ago
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 will be, if it’s not already here. The overall impression of the ..read more
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GEM parent company leases River Place Office Building in Lincoln
Sweeney Real Estate & Appraisal
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7M ago
LINCOLN – The parent company of Lincoln-based GEM Plumbing and Heating recently leased another office space in the town, according to a statement from Sweeney Real Estate & Appraisal. Homex Services Group LLC, the parent company of GEM, leased 16,296 square feet of office space in the River Place Office Building ..read more
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Sweeney Real Estate & Appraisal sells 125 Holden for $3.1 million and negotiates three other deals
Sweeney Real Estate & Appraisal
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7M ago
Providence, RI Sweeney Real Estate & Appraisal negotiated two sales and two leases. Thomas Sweeney, SIOR represented the owners of 125 Holden St. in its sale to Charles Montague Assoc., LLC. The 26,500 s/f office building was sold with two parking lots for a total of just over an acre in ..read more
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Blackstone Valley Advocacy Center buys former Pawtucket bank for $975K
Sweeney Real Estate & Appraisal
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7M ago
PAWTUCKET – A former Pawtucket bank building at the corner of Central and Newport avenues sold recently for nearly $1 million to a nonprofit that provides services to victims of domestic violence and sexual abuse, according to Sweeney Real Estate & Appraisal, which represented the former owners of the property. The 10,365-square-foot Pawtucket ..read more
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Woonsocket warehouse building occupied by CVS sells for $1.65M
Sweeney Real Estate & Appraisal
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7M ago
WOONSOCKET – A 20,876-square-foot warehouse building in Woonsocket that’s occupied by CVS Health Corp. was recently sold for $1.65 million, according to Sweeney Real Estate & Appraisal. The 220 Founders Drive property was acquired by G3 220 Founders Drive LLC, a real estate holding company based in Cranston affiliated with the Tasca Automotive Group. Tasca owns several ..read more
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Providence Barbell Club buys Federal Hill building for $865K
Sweeney Real Estate & Appraisal
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7M ago
PROVIDENCE – An industrial building in the Federal Hill area of Providence was sold recently for $865,000 to a multipurpose training facility with a focus on Olympic-style weightlifting, according to Sweeney Real Estate & Appraisal, which represented the buyers in the deal. Providence Barbell Club LLC purchased 479 Washington St. as ..read more
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E.P. buildings, home to Brazilian takeout restaurant, sell for $870K
Sweeney Real Estate & Appraisal
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7M ago
EAST PROVIDENCE – Two neighboring properties that feature a Brazilian takeout restaurant recently sold for $870,000, according to Sweeney Real Estate & Appraisal, which represented the sellers. The commercial buildings at 227 through 233 Warren Ave. and the neighboring residential property 5 through 7 Berkeley St. amount to a total three ..read more
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Sweeney Real Estate & Appraisal and Hayes & Sherry lease 4,387 s/f office space
Sweeney Real Estate & Appraisal
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7M ago
West Warwick, RI Chicago Title Insurance Company signed a lease agreement at 1300 Division Rd. The firm leased 4,387 s/f in the Gardens Office Park. The firm plans on occupying the space come early September 2023. Thomas Sweeney, SIOR of Sweeney Real Estate & Appraisal represented Chicago Title and Matt Fair ..read more
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Elite Group at KW Commercial and Sweeney Real Estate lease 29,000 s/f industrial
Sweeney Real Estate & Appraisal
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7M ago
Pawtucket, RI Michael Alves of the Elite Group at KW Commercial on behalf of the lessor Sami and Tara Trust leased 29,000 s/f industrial space at 89/93 Dunnell Ln. The tenant, Interplex Engineered Products, was seeking additional storage requirements, surplus to current facilities in a tight northern Rhode Island industrial market ..read more
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Monitoring the market, making the right decision at the right time
Sweeney Real Estate & Appraisal
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7M ago
When you are sick your body fights infection by stimulating your immune system via a fever. Similarly, to the body’s response to sickness, the commercial real estate market likely will worsen over the next 12 months before leveling out. This will be concentrated on the volatility of the office market ..read more
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