News & Transactions
February 06, 2023
Hayes & Sherry Facilitates $2.68 Million Sale of 12-Acre Charlestown Property
Consisting of four parcels, Charlestown, R.I. income-producing property holds impressive redevelopment potential...
January 10, 2023
Providence Office MarketBeat Q4 2022
Inflation and rapidly increasing interest rates continue to rule the economic headlines which has led to a weakened outlook for many in the business community. Multi-Family, Industrial and Medical Office continue to be the dominant sectors in the investment market as ...
September 29, 2022
Providence Office MarketBeat Q3 2022
COVID-19 is now firmly in the rear-view mirror as nearly all restrictions have been lifted and everyday life has normalized. Inflation and rapidly increasing interest rates now rule the economic headlines which have led to a weakened outlook ...
September 14, 2022
Hayes & Sherry Transitions to New Ownership
Three, longtime partners have acquired the firm from the founding members and plan to continue its trajectory of growth and commitment to quality service across the full real estate spectrum
March 15, 2022
Cushman & Wakefield WEEKLY DIGEST The Impact of Inflation on U.S. Consumers
The Impact of Inflation on U.S. Consumers
Inflation has emerged as one of the hottest topics in economics and real estate this year as consumer prices continue to rise at the fastest pace in decades...
March 14, 2022
Rhode Island Commercial Real Estate Perseveres Through Economic & Global Challenges
Living with uncertainty has become a new normal. As consumers and companies begin to see a world that’s not dominated by the pandemic, they...
November 03, 2021
Matt Fair and Peter Hayes of Cushman & Wakefield/Hayes & Sherry sell 13,000 SF Jewelry District property for $1.6m
The mixed-use property located at 101 Richmond Street in Providence, RI was recently sold to a local developer planning to redevelop the property into high-end...
October 25, 2021
2021 RI Multifamily Market Report: Strong Growth Continues
The Rhode Island multifamily sector continues to show strong signs of growth as reflected in...
September 13, 2021
Hayes & Sherry Multifamily Team Leader Derek Brazeau, Sells 22 -unit Multifamily Asset for $3.09M
Derek Brazeau and the Hayes & Sherry multifamily team recently completed the sale of a 22-unit multifamily property located at ...
March 26, 2021
Pandemic has diverse impact on Rhode Island commercial real estate sectors
Pandemic has diverse impact on state’s CRE sectors - by Pete Hayes, Steve Flachbart, & Matt Fair
The coronavirus pandemic has had a varying impact on different commercial real estate sectors throughout the country, which has been true for Rhode Island as well. Several areas have had strong market performance over...
January 07, 2021
Fair of Cushman & Wakefield/Hayes & Sherry sells 301 Friendship Street for $765,000
Providence, R.I. – Matt Fair, a Senior Vice President at Cushman & Wakefield/Hayes & Sherry, recently handled the sale of the historic office building at 301 Friendship Street in Providence, RI for $765,000. The + 6,100 square foot, two-story building...
December 30, 2020
Medical office building in East Greenwich sells for $18.7M
EAST GREENWICH - The recent sale of a Class A medical office building at 1454 South County Trail has set a record in Rhode Island for...
October 23, 2020
2020 Multifamily Market Report: Providence outperforming its peers
The Providence multifamily sector remains strong amidst the pandemic. In a time of “doom & gloom”, the Providence market is continuing to...
September 28, 2020
The Future of the Office - Is It the Tale of Two Cities in Providence?
The future of work is in question. Companies like Facebook, Google, and Twitter are allowing...
September 22, 2020
Sherry and Flachbart of Hayes & Sherry Real Estate sell 66,000 SF for $3.8 million
East Providence, R.I. – PACE Organization, a non-profit that provides services for seniors with complex medical needs, has purchased a new...
August 18, 2020
Lucivero and Flachbart of Hayes & Sherry facilitate $8.8 million sale
Warwick, R.I. – August 18, 2020 – The 47,000 SF, 3-story Office Building located at 1 Coastway Blvd in Warwick, RI was recently sold for $8.8 million. The Providence Community Health Centers purchased...
April 16, 2020
U.S. National MarketBeat Q1 2020
Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity, including...
April 09, 2020
Derek Brazeau to lead Hayes & Sherry Multifamily Division
Hayes & Sherry is pleased to announce the hiring of Derek Brazeau. Mr. Brazeau is responsible for leading the Multifamily....
March 17, 2020
Rhode Island CRE market maintains steady momentum with limited new supply
The overall economy in Rhode Island showed consistency in 2019. The state gained 1,700 jobs from January 2019 to January 2020 and the unemployment rate decreased from 4.0% to 3.4%. The stable economy combined with limited new speculative office developments in either downtown Providence or the suburbs has continued to tighten the local office market and...
March 12, 2020
CoStar Power Broker Award Winner 2019
Washington, D.C. ---CoStar Group, Inc., the data/analytics leader of the commercial real estate industry, just announced this year’s Power Broker Award recipients, recognizing professionals and firms who closed the highest transaction volume in commercial real estate deals and leads in their respective markets. In Providence, RI, Hayes & Sherry, a Cushman & Wakefield Alliance member
October 21, 2019
Providence Office Market Beat Q3 2019
Rhode Island’s unemployment rate decreased from 4.0% in third quarter 2018 to 3.6% in third quarter 2019. RI continues to win new business through...
August 28, 2019
Matt Fair of Cushman & Wakefield/Hayes & Sherry sells 21,000 SF Medical Office Buildings for $6.1m
The Medical Office Buildings located at 120 Centerville Road and 45 Gilbane Street in Warwick, RI were recently sold to...
July 16, 2019
Providence Office Market Beat Q2 2019
Rhode Island’s unemployment rate decreased from 4.2% in second quarter 2018 to 3.7% in second quarter 2019. RI continues to win new business through the state’s jobs tax credits and other economic incentives. Orsted...
April 09, 2019
Providence Office Market Beat Q1 2019
Rhode Island’s unemployment rate decreased from 4.5% in first quarter 2018 to 3.9% in first quarter 2019. The state’s new jobs tax credits and other economic incentives continue to...
February 11, 2019
Hayes joins Delta Dental of Rhode Island board of directors
PETER HAYES, founder and partner of Hayes & Sherry Real Estate Services, has joined the board of directors at Delta Dental of Rhode Island.
February 07, 2019
Freestanding office building sells for $2M in Jewelry District
THE THREE-STORY BRICK building at 89 Ship St. in the Jewelry District of Providence has sold for $2 million. / COURTESY HAYES & SHERRY REAL ESTATE SERVICES
February 01, 2019
Flachbart Joins Hayes & Sherry
Steve Flachbart joined Hayes & Sherry Real Estate Services in 2018 as a commercial real estate broker. He specializes in the office services division serving clients’ needs in both leasing and...
January 01, 2019
Providence Office MarketBeat Q4 2018
Rhode Island’s unemployment rate decreased from 4.5% in fourth quarter 2017 to 4.0% in fourth quarter 2018. The state’s new jobs tax credits and other economic incentives continue to pick up steam: Mobius,...
October 11, 2018
Providence Office Market Beat Q3 2018
The overall vacancy rate decreased again this quarter from 12.0% in second quarter 2018 to 11.9%...
July 30, 2018
Providence Office MarketBeat Q2 2018
Rhode Island’s unemployment rate decreased from 4.6% in Q2 2017 to 4.5% in Q2 2018. The state’s new jobs tax credits and other economic incentives continue to pick up steam: Mobius, Epiq, Infosys, VistaPrint, GE, J&J, Agoda, E-Money Advisors, and Virgin Pulse will...
June 11, 2018
Hayes & Sherry/Mott & Chace Sell 321 South Main Street
Granoff Associates has sold the building known as The Heritage Building located at 321 South Main Street in Providence. The Buyer is 321 SMS Partners from Providence. The building,
April 19, 2018
Providence Office MarketBeat Q1 2018
The overall vacancy rate increased slightly this quarter, jumping from 12.0% in Q4 2017 to 12.1% at the end of Q1 2018. Leasing activity was healthy and asking rents continued their trend of moderate increases. After two strong quarters of absorption
March 20, 2018
Providence Office Market Update March, 2018
The City of Providence had decent office leasing activity over the past year. The vacancy rate, as reported in our Cushman & Wakefield | Hayes & Sherry Market Beat report for Q4 2017, was 12% down from 12.7% a year earlier.
January 18, 2018
Providence MarketBeat Office Q4 2017
Driven by new tenants from outside the state, the Providence office market strengthened throughout 2017 and there are hopes the trend will continue in 2018. The most significant development....
January 18, 2018
Providence MarketBeat Industrial Q4 2017
The Rhode Island market remains quite active, especially on the sales side. There is a low supply....
October 17, 2017
The Value Of A Box
In today’s retail world, things are not the same. There is a huge shadow hanging across the market brought on by the explosion of online retailing and what it is doing to “bricks and mortar” retailers...
October 17, 2017
Providence MarketBeat Office Q3 2017
Providence, RI The direct vacancy rate decreased slightly from 12.5% reported in Q2 2017 to 12.2% at the end of Q3 2017. Leasing activity was strong again this....
July 27, 2017
Providence MarketBeat Industrial Q2 2017
The Providence industrial market still maintains asking rental rates in the $4.50 - $6.50 NNN per square foot (psf) range for facilities in the 20,000-50,000 square foot (sf) range ‘as is’.
July 18, 2017
Providence MarketBeat Office Q2 2017
The direct vacancy rate decreased slightly from 12.6% reported in Q1 2017 to 12.5% at the end of Q2 2017. Leasing activity was strong again this quarter and asking rents also ticked up slightly.....
June 12, 2017
Hayes & Sherry Represents Wells Fargo
Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Wells Fargo...
June 09, 2017
Karl Sherry and Jeff Finan Represent Medicare In 20,000 SF Lease
Karl Sherry and Jeff Finan of Hayes & Sherry, a Cushman & Wakefield Alliance member, represent Medicare in its lease....
May 16, 2017
Karl Sherry Represents Blue Cross Blue Shield of RI For 50,000 SF Lease
Karl Sherry of Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Blue Cross Blue Shield of RI for a....
May 15, 2017
Karl Sherry Represents Blue Cross Blue Shield of RI For 45,000 SF Lease
Karl Sherry of Hayes & Sherry, a Cushman & Wakefield Alliance member, represents Blue Cross Blue Shield of RI for....
May 04, 2017
Hayes & Sherry finishes lease-up on the redevelopment of Boaters World property at Wildes Corner in Warwick
Link Commercial Properties purchased the vacant 4-acre parcel on West Shore Road because of its...
April 28, 2017
Matt Fair completes three new leases and one sale at The Gardens Office Park totaling 12,000 SF
New ownership acquired the asset in 2015 and has invested significant capital in upgrading....
April 24, 2017
Pathway Capital Leases 7,100 SF
Pathway Capital leases 7,100 SF at 500 Exchange Street, Providence.
April 24, 2017
Karl Sherry Represents Higgins, Cavanagh & Cooney, LLP
The law firm Higgins, Cavanagh & Cooney, LLP has leased 12,500 SF......
April 24, 2017
Blue Cross Blue Shield Leases 51,000 SF in East Providence
Blue Cross Blue Shield of Rhode Island recently leased 51,000 SF....
April 23, 2017
Hayes & Sherry acts as exclusive tenant representative for AT Cross
Hayes & Sherry acts as exclusive tenant representative for AT Cross and after a nearly two exhaustive search AT Cross was able to secure a sublease agreement...
April 20, 2017
Providence MarketBeat Office Q1 2017
Rhode Island’s unemployment rate decreased from 5.5% in Q1 2016 to 4.5% in Q1 2017. The State’s new jobs tax credits and other economic incentives continue to pick up steam.....
April 20, 2017
Northwoods Office Park Lands Three New Tenants
Northwoods Office Park adds three new tenants; United Health Care, Pannone Lopes Devereaux & O'Gara LLC and American Arbitration Association....
March 31, 2017
Governor Raimondo's tax credits, incentives and grants are attracting new companies in RI
Governor Raimondo and Commerce RI's efforts attract new companies to RI.....
March 30, 2017
Providence Office Market Update March, 2017
The City of Providence has had no new ground-up office development over the last year. The vacancy rate, as reported in our Cushman & Wakefield | Hayes & Sherry MarketBeat report...
December 21, 2016
Cross Pen Maker Seeks Revival with Flagship Store
The 170-year-old company that makes Cross pens opened a flagship retail store Wednesday at its new Providence headquarters.
December 21, 2016
Raimondo, Elorza Celebrate A.T. Cross Expansion in Providence
Legendary Rhode Island-Based Company Relocates and Expands in Providence, Opens New Storefront at 299 Promenade Street.