Real Estate
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(Updated, 2 p.m.) In a move that represents a “major re-investment in the local economy,” Alex and Ani LLC has purchased Sakonnet Vineyards in Little Compton, the jewelry designer announced Thursday. more
When Nora Alexander was a student at Rhode Island School of Design 10 years ago, the only things that routinely drew her and her classmates into downtown Providence were live music and “dive” bars. more
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
The Northeastern Economic Developers Association has named the Rumford Center as its 2012 Project of the Year. more
The Ocean State could be one the first states with offshore wind farms, according to a report released by Environment Rhode Island, the Conservation Law Foundation and the Environment Council of Rhode Island. more
Rhode Island had the fifth-highest Mortgage Fraud Index rating in 2011 for fraud investigations, according to LexisNexis’ 14th Annual Mortgage Fraud Report. more
Union Studio architects have redesigned Gilbane Development Co.’s proposed 102-unit luxury student apartment building on Thayer Street in response to neighborhood complaints that the original plan was “massive” and “monotonous.” more
Cornish Associates has been hired to redevelop the Industrial Trust Tower at 111 Westminster St. in downtown Providence and turn the city’s tallest building into apartments. more
The Quonset Development Corp. has named Rhode Island-based company R.I. Port Services as the new terminal operating agency for container handling at the Port of Davisville, the seventh largest auto importer in North America. more
Bank of America will be moving its downtown office workers to 100 Westminster St. and 1 Financial Plaza as it exits 111 Westminster St., its home in Rhode Island since its predecessor built the iconic, 26-story structure in 1928. more
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