Housing
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Picerne expands into student housing business
Picerne Military Housing - a builder and manager of U.S. military housing - is launching a new parent company, Corvias Group, and a new student housing division, Corvias Campus Living, the company announced Tuesday. more
R.I. home sales on ‘path to recovery’
Rhode Island single-family home sales rose 17 percent in June compared with the same period last year, the 12th consecutive month of increased volume. more
HousingWorks RI relocates to downtown
Roger Williams University is allowing the affordable housing coalition, HousingWorks RI, to relocate to its downtown campus, HousingWorks announced late last week. more
Health care and housing – a taxing issue
When the Supreme Court upheld the health care-reform law on federal tax grounds, it restoked a housing issue that had been relatively quiet for the past year: The alleged 3.8 percent “real estate tax” on home sales beginning in 2013 that is buried away in the legislation. more
7/23/12
Military housing went from job to vocation after 9/11
John Picerne was raised on the real estate business in the third-generation Picerne Real Estate Group. But the further he went in the family business, the less comfortable he became with the boom-and-bust cycles of residential housing. Craving a more stable slice of the market, Picerne ventured into military housing, particularly building apartments on Army bases, and broke off the independent Picerne Military Housing in 2005. more
Property owner faces $421,900 EPA fine
Private Reserve Properties LLC, a Providence company, faces an Environmental Protection Agency penalty of up to $421,900 for what the agency says are repeated violations of federal lead-based paint disclosure laws and regulations. more
| 7/20/12
Arcade ready to again be innovator
Can what’s old really become new again? more
Clarendon Court sells for $13.1M
Clarendon Court, the Cliff Walk mansion and former home of Claus and Sunny von Bulow, has sold for $13.1 million, the highest price in the state this year, listing agent Paul A. Leys of Gustave White Sotheby’s International Realty announced. more
R.I. is 5th-highest for mortgage fraud investigations
Rhode Island had the fifth-highest Mortgage Fraud Index rating in 2011 for fraud investigations, according to LexisNexis’ 14th Annual Mortgage Fraud Report. more
Underwater mortgages drop 3.4% in 1Q
The number of underwater homes in the Providence-Fall River-New Bedford area dropped 3.4 percent in the first quarter of 2012 from the fourth quarter of last year, CoreLogic said Thursday. more
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