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Gurney’s Newport Resort sells for $174 million

Gurney’s Newport Resort has sold, according to a press release from Pebblebrook Hotel Trust. Bethesda, Maryland-based Pebblebrook Hotel Trust on Friday announced that on June 23, 2022, it acquired the 257-room hotel and resort in Newport for $174.0 million. “We are very excited to acquire this extremely unique premier resort within the vibrant, high barrier […]

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Manufacturers struggle to keep pace with vinyl record demand

By DAVID SHARP Associated Press The arrival of the compact disc nearly killed off record albums, with vinyl pressing machines sold, scrapped and dismantled by major record labels. Four decades later, with resuscitated record album sales producing double-digit annual growth, manufacturers are rapidly rebuilding an industry to keep pace with sales that reached $1 billion […]

RPL’s Libby Kirwin closes multi-million dollar sale of Newport’s Scales & Shells restaurant

Residential Properties Ltd. takes pleasure in announcing the sale of 527 Thames Street, 537 Thames Street, and 2 Goodwin Street in Newport. RPL Broker Associate Libby Kirwin proudly represented both sides in this multimillion-dollar transaction. For nearly four decades, the building has been home to a staple of Newport’s active restaurant scene, Scales & Shells, […]

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BankNewport hosts Financial Education Fair for students at Rogers High School

BankNewport held its first in-person Financial Education Fair since 2020 for 140 students at Rogers High School in Newport recently. Throughout the school year, BankNewport conducted presentations on topics such as Careers, Checking and Savings, Digital Banking, Personal Insurance, and the Importance of Credit.  The Fair served as a capstone to the partnership, giving students […]

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Regenerative Medical Clinic, Dumpster Business, Chopmist Charlie’s, and other businesses currently for sale in Rhode Island

The latest listings on BizBuySell, LoopNet, and Kirby Properties show all kinds of businesses currently for sale in Rhode Island. Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business. The names and locations are generally left out, but there are occasional […]

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MVYRADIO completes ‘Our Island Home’ campaign, will host a ribbon cutting and open house

MVYRADIO announced on Wednesday the successful completion of their Our Island Home capital campaign.  The local, independent, nonprofit radio station raised over $2.5 million dollars to buy and renovate its new broadcast facility on State Road in West Tisbury.In 2019, MVYRADIO purchased 489 State Road with the intent of moving its operations from its longtime […]

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Raytheon to establish global headquarters in Virginia

RICHMOND, Va. (AP) — Aerospace and defense company Raytheon Technologies will establish a global headquarters in Arlington, Virginia, the company announced Tuesday. The location just outside Washington “increases agility in supporting U.S. government and commercial aerospace customers and serves to reinforce partnerships that will progress innovative technologies to advance the industry,” the company said in […]

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Newport Restaurant Group appoints Jeff Tenner as Director of Concept Development

Newport Restaurant Group (NRG) this week announced the appointment of Narragansett resident Jeff Tenner as director of concept development. In this new role, Tenner is responsible for the development and business implementation of new concepts and production practices, with a focus on balancing current values with emerging trends and new opportunities. Tenner brings 25 years of industry […]

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Tacos On The Hill, Chopmist Charlie’s, and other businesses currently for sale in Rhode Island

The latest listings on BizBuySell, LoopNet, and Kirby Properties show all kinds of businesses currently for sale in Rhode Island. Reasons for selling, when provided, typically do not mention economic hardship, but more often involve the owner retiring or not having time to actively run the business. The names and locations are generally left out, but there are occasional […]

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People’s Credit Union announces Centennial Scholorship Program

People’s Credit Union has launched its Centennial Scholarship Program to benefit six area graduating high school students. The program was established to encourage and reward high schoolers whose community involvement and volunteerism reflect the Credit Union’s core values of being – genuine, trustworthy, earnest, empathetic, and resourceful. As part of the application process, students will […]

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Innovation Arts & Entertainment taps James Macdonald to run events on Martha’s Vineyard

Innovation Arts & Entertainment (IAE) today announced that it has hired music industry veteran James Macdonald to oversee all of its festival and live event operations. Macdonald comes to IAE with more than two decades of experience producing and promoting live entertainment events including the Life is Good Festival. According to IAE, Macdonald will oversee […]

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Ocean State Job Lot’s third “To The Rescue” program to benefit animal welfare organizations across the northeast begins on May 26

 Ocean State Job Lot (OSJL) today announced the return of its “To The Rescue” charitable program to benefit animal welfare organizations, rehabilitation farms, wildlife centers, and nonprofit rescue organizations throughout the Northeast. From Thursday, May 26th to Wednesday, June 29th, customers can make a donation when checking out at any of OSJL’s stores throughout the region, or by clicking the “Donate Now” button on […]

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J.P. Morgan Wealth Management named presenting sponsor of the 2022 Newport Mansions Wine & Food Festival

 The Preservation Society of Newport County today announced J.P. Morgan Wealth Management as the presenting sponsor for the 2022 Newport Mansions Wine & Food Festival, to be held September 16-18. “J.P. Morgan Wealth Management is excited to sponsor and participate in the 17th Annual Newport Mansions Wine & Food Festival. We are looking forward to a wonderful […]

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Coastal Medical closes half its laboratories

Coastal Medical, which “merged” with Lifespan in April 2021, has “temporarily closed” more than half of its laboratories. This comes as Lifespan reportedly is also closing its weight loss clinic. According to the Coastal Medical website, it has temporarily closed six of its 11 laboratories, leaving some patients that rely upon the practice’s laboratories few […]

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