Real Estate
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Butler receives commercial award for Realtors assn.
Jeffrey A. Butler, broker-owner of Butler Realty Group, is the recipient of the 2012 National Commercial Award from the National Association of Realtors. The award, which honors outstanding achievement in the commercial realty industry, recognized Butler for his “deep contribution to the industry, which displays the strength of [the association’s] commercial members.” Butler, a graduate of Tollgate High School, serves as treasurer of both the Rhode Island Commercial and Appraisal Board of Realtors and the Rhode Island Statewide MLS. He is active with several other professional associations and has been a member of the Realtors association since 1977. more
1/28/13
City approval of College Hill apartment plan challenged
Two College Hill neighbors are challenging city approval of Gilbane Development Co.’s proposed 102-unit apartment building at 257 Thayer St. more
REITs gain 26% ditching failing shopping malls: mortgages
Mall owners including Simon Property Group Inc. and General Growth Properties Inc., the biggest in the United States, are signaling they’re moving on from struggling retail centers as the economic rebound drives them to focus on the best-performing markets. more
CBRE: R.I. to see continued investor interest, activity in 2013
Activity in the Rhode Island commercial real estate market should continue to rise in 2013, with rents stable and landlord concessions diminishing, CB Richard Ellis-New England executives said in their annual market overview Thursday morning. more
R.I. foreclosure inventory rises slightly in December
The foreclosure inventory in Rhode Island rose 0.2 percentage points year over year in December to 2.9 percent, CoreLogic reported Friday. This means that 2.9 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
| 2/1/13
R.I. real estate sales continue to rise in December, 2012
Rhode Island single-family home sales rose 9 percent in December compared with the same period the previous year, ending 2012 sales up 20 percent from 2011, the Rhode Island Association of Realtors said Friday. more
R.I. to receive $450K from LPS settlement
Rhode Island is slated to receive nearly $450,000 from a $128 million multi-state settlement from Lender Processing Services Inc. to resolve claims of improper foreclosure practices, including the “robo-signing” of documents. more
| 1/31/13
‘Superman’ bldg owner ‘bullish on Providence,’ considers many uses
The owner of the Industrial Trust Tower said he believes there is demand for new apartments downtown, but is not ruling out any mix of uses for the landmark known as the “Superman building.” more
Prudential Gammons Realty named IMLS ‘preferred partner’
Prudential Gammons Realty has been “specifically selected” as a partner to the International Multiple Listing Service (IMLS), and exclusive access to international leads, the company announced Wednesday. more
Housing packs punch for U.S. growth in 2013 and beyond
The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond. more
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