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Value of commercial real estate sales grows 37%


PROVIDENCE – The value of Rhode Island commercial properties sold in 2015 increased 37.3 percent to $379 million, according to an annual report compiled by Capstone Properties. The increase was driven by large-asset sales, including the …


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PROVIDENCE – The value of Rhode Island commercial properties sold in 2015 increased 37.3 percent to $379 million, according to an annual report compiled by Capstone Properties. The increase was driven by large-asset sales, including the Royal Mills apartments in West Warwick, which sold for $31.7 million, and the interior sections of the Rhode Island Mall, which sold for $9.5 million. if( $(window).width() >= 1200 ){ var bust = Math.floor(89999999*Math.random()+10000000); var millis = new Date().getTime(); var referrer = encodeURIComponent(document.location); // ========== THIS SECTION IS STOP AUTOMATIC REFRESH ========== document.write(''); // ========== THIS SECTION IS TO INCLUDE AN AUTOMATIC REFRESH EVERY 60 SECONDS ========== // document.writeln('); // document.writeln('); // document.writeln('); // document.writeln('); // document.writeln('); } Sales of apartment buildings, in particular, showed strength in 2015, with the number of closed units remaining flat, while the price-per-unit sold grew to $110,000, an increase from $82,000 the prior year, according to Capstone. Overall, 266 commercial real estate transactions closed in 2015, an increase of 6.8 percentThe total sales volume of $379 million was an increase from $276 million in 2014• Keywords Rhode Island, Providence, commercial real estate transactions, Capstone Properties, 31~08, Real estate Print Email Comment Tweet (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.0"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk')); lang: en_US --> Comments No comments on this story | Please log in to comment by clicking here Please log in or register to add your comment #comment_add { display: none; } Related Stories Popular Most Read 1. ProvPort looks for $20M bond to expand footprint along Allens Ave. 2 days ago 2. Brown receives $11.5M grant to launch Center for Biomedical Research Excellence Yesterday at 10:07 AM 3. 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