News

 

Court-supervised receivership and special master proceedings are designed to seek the Court's intervention to exercise its powers over assets in order to preserve and protect the value of those...
Borrowing a strategy that other communities have used to restore abandoned, blighted real estate to the tax rolls, the city has petitioned into receivership the owners of the defunct factory complex...
The final plan for Twin River-Tiverton casino and hotel was approved by the Planning Board on Wednesday night, paving the way for a building permit to be issued for the project at William S. Canning...
The purchase and sale of real estate involving underground storage tanks ("UST") can create complications in reaching a successful sale transaction. Understanding the applicable local and state laws...
By Michael Holtzman, The Herald News TIVERTON — Near the intersection of Stafford Road and William S. Canning Boulevard, where Twin River-Tiverton LLC plans to build an 80,000-square-foot casino, at...
The plans by Twin River to build a casino and hotel on 45 acres off of William S. Canning Boulevard represents an "insignificant alteration" to the wetlands on the property, the Rhode Island...
Rehabilitating blighted, residential properties presents a number of complex issues. Currently, there are several strategies emerging to reposition these properties through court-supervised...
The firm was recently involved in assisting the developer of the Lippitt Mill in securing up to $2.1 million from the State’s Rebuild Rhode Island tax-credit program and up to $230,691 in sales tax...
From Newport Daily News --Twin River attorney Mark Russo told the Planning Board the company wanted to address the comprehensive plan amendment now, which would include a detailed description of the...
From The Providence Journal EAST PROVIDENCE, R.I. — After years of litigation, 9 acres in the Phillipsdale section of Rumford may get new owners who plan to build 144 apartments on the property, ...
The firm was recently involved in assisting two distressed properties receive $280,000 in grants from the newly-created Brownfields Remediation and Economic Development Fund. The grants are part of...
The law firm of Ferrucci Russo is proud to announce that John Dorsey has been named a partner in the firm. John serves as counsel to court-appointed receivers in the Rhode Island Superior Court...
Mark Russo's guest column for Providence Business News.  With economic development and job creation closely tied to land development, Rhode Island saw a number of real estate development projects...
From The Valley Breeze:  LINCOLN - Despite some public opposition, the Town Council unanimously voted to approve an application for a comprehensive plan amendment and zone change application...
John Dorsey, an attorney at Ferrucci Russo, was recently named a court-appointed receiver by the R.I. Superior Court. Dorsey has a wealth of experience in cases involving insolvency, turn-around and...
Congratulations to firm attorney John Dorsey who was recently named to the R.I. Superior Court panel of Court-appointed receivers. John joined the firm in 2010 and has gained a breadth of experience...
From the Providence Journal -- WESTERLY, R.I. -- Westerly Hospital is getting something of a bonus as it reaches the formal conclusion of its receivership: The community hospital will receive $1...
Ferrucci Russo closed the sale of Lippitt Mill to JSA Equities of New York on February 27th. The property will be converted into a 94-unit residential development.  In order to reach a closing, ...
From the Providence Journal: EAST PROVIDENCE — A big chunk of underutilized East Providence waterfront will get a formal push onto the market in the coming weeks as the result of negotiations...
Congratulations to Ferrucci Russo attorney John Dorsey who joined the Board of Directors for Quonset Development Corporation where he serves on the finance and compensation committees. He was...
In December 2014, Mark Russo authored a guest article in Providence Business News entitled:  “Westerly Hospital Shows Bankruptcy Not Only Option.” It marked three years since December of 2011 when...
Mark Russo, founder and principal of the Providence-based law firm Ferrucci Russo P.C., announced the firm’s of-counsel affiliation with the 300-attorney Healthcare Law practice of McElroy, Deutsch, ...
Last month, the West Warwick Town Council members approved a consent order giving permission to convert the historic Lippitt Mill to residential apartments. After a competitive bid process, the bid...
"Superior Court Associate Justice Brian P. Stern appointed Providence-based attorney Mark Russo as special master to run the hospital during the receivership and to seek bids for its acquisition. ...
"The Merger & Acquisition Advisor, based in New York City, announced last week that the hospital’s acquisition in 2013 by Lawrence & Memorial Hospital of New London, Conn., would receive its annual...
"The Westerly Hospital filed for receivership in December 2011 after struggling to pay its creditors and employees. Superior Court Associate Justice Brian P. Stern appointed attorney W. Mark Russo as...