News: Northern New England

AlliedCook Construction breaks ground on 6,500 s/f NHVDL

AlliedCook Construction, one of northern New England's premier construction management firms, broke ground on the New Hampshire Veterinary Diagnostic Laboratory (NHVDL). The one-story 6,500 s/f facility, designed by Port City Architecture, will house necropsy, serology, microbiology, histology, and molecular diagnostics laboratories, as well as offices, waiting and reception areas, conference room, and other support areas. The laboratory is an efficient, open-concept design that supports collaborative learning, cross training and resource sharing, ensuring UNH students gain hands-on experiential opportunities. The new facility will also offer improved climate control and ventilation along with additional safety and technology features in the lab spaces, which are designed to meet NIH and BSL2 standards. Designed to fit with the rural character of the agricultural part of the UNH Durham campus, the building is located on the University of New Hampshire's Durham location near the MacFarlane Greenhouses at Main St. and North Dr. The AlliedCook Construction/Port City Architecture design-build team also included Jacobs Consultancy who provided programming services for the specialized labs. Construction is expected to be completed in August.
MORE FROM Northern New England

Reveler Development celebrates final phase of work at The Levee - new 51-unit apartment building in Biddeford

Biddeford, ME Reveler Development has begun construction on 10 Upper Falls Rd., the fourth and final phase of Reveler’s master-planned development in downtown,The Levee. “We’re thrilled to embark on this major milestone at The Levee,” said John Laliberte, CEO of Reveler
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Columns and Thought Leadership
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell

The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units. 

The Greater Portland industrial mid-year market update - by Nate Roop

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Interest rates and inflation - by Matthew Bacon

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

Residential is here to untie the office space doom loop - by Thomas House

Residential is here to untie the office space doom loop - by Thomas House

The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion