City: Providence

Commercial Observer AJ Capital Partners has lined up $44.3 million in financing against the Biltmore hotel in Providence, R.I. ACORE Capital provided the five-year, floating-rate mortgage. JLL arranged the financing. AJ Capital, of Chicago, plans on using the funds to ...

Metrovest Equities Inc. has purchased the 257-room Hyatt Regency Newport hotel on Goat Island in Newport, R.I., from a venture of Amstar Group and Davidson Hotel Co. for $71.4 million, or $277,820/room. The deal was brokered by JLL's Hotels & ...

Commercial Real Estate Direct Staff Report The CMBS loan against One Financial Plaza, a 322,402-square-foot office property that's among the tallest in Providence, R.I., has transferred to special servicer C-III Asset Management because it's expected to default. The loan, with ...

Geraghty Associates has paid $31.75 million, or $126,494/unit, for the 251-unit Apartments at Royal Mills in the Providence, R.I., suburb of West Warwick, R.I. Struever Bros. Eccles & Rouse Inc. sold the property in a deal arranged by CBRE. The ...

Boston Business Journal The state of Rhode Island has hired JLL to market for sale 19 acres of land near downtown Providence, R.I. The land, which is along Interstate 95, can accommodate commercial or residential development. Offers are due May ...

Aspen Square has paid $19.5 million, or roughly $90,278/unit, for the Springfield Apartments, with 216 units in Cranston, R.I. Freddie Mac sold the apartment and was represented by ARA. The housing-finance agency took over the property, at 100 Elena St., ...

CityBiz Real Estate Albany Road Real Estate Partners has paid $13.2 million, or about $112/unit, for the Gateway Center, a 117,981-square-foot office building in Providence, R.I. The property, at 15 Park Row West, was offered through CBRE. Tenants include TIAA-CREF, ...

Associated Press High Rock Development is planning to redevelop the vacant office building at 111 Westminster St. in Providence, R.I., into a mixed-use property. The Newton, Mass., company wants to convert the 26-story property, which is known as the Superman ...