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Calnan of J. Calnan & Associates honored as EY Entrepreneur Of The Year 2023
July 28, 2023
Quincy, MA Jay Calnan, CEO of J. Calnan & Associates (JC&A), has been named the EY Entrepreneur of the Year for 2023. The independent panel of judges recognized Calnan's exceptional entrepreneurial spirit, long-term value creation, purpose-driven approach, remarkable growth, and significant impact in his field
August 2023 CIBOR president’s message: - by Matthew Bacon
August 4, 2023
This year, I’ve gotten several questions, clarifications, and looks of confusion over exactly what New Hampshire Commercial Investment Board of Realtors (NHCIBOR) and New England Commercial Property Exchange (NECPE) do and how we’re different than other boards and property sites. Our core purpose is to advance the professionalism and service to our community’s property owners, from a commercial perspective.
Martin of Colliers leases 17,250 s/f to Lamont, Hanley & Associates
August 4, 2023
Manchester, NH Colliers, a global leader in commercial real estate services, is pleased to announce Lamont, Hanley & Associates, Inc. leased 17,250 s/f at 186 Granite St. Doug Martin, of Colliers in Manchester, represented the landlord, Manchester Millyard Realty, LLC, and assisted the tenant in the transaction. “Lamont, Hanley & Associates has been a fixture in downtown Manchester for decades.
Bradley and White of Coldwell Banker Realty sell 246 Whittemore Point Rd. N
August 4, 2023
Bridgewater, NH The most expensive home ever sold on Newfound Lake in Bridgewater closed July 14 for $8.82 million—more than $6 million over the previous highest sale. It marks a banner year for Lakes Region homes in the state. Susan Bradley and Kristin White, sales associates affiliated with Coldwell Banker Realty in Gilford, were the listing agents for 246 Whittemore Point Rd. North, which was only on the market 13 days before going under contract.
Prolman Realty sells two investment properties for $1.644m
August 4, 2023
Nashua, NH Prolman Realty, Inc. brokered the sale of two investment properties located at 1 Main St. and 8 Auburn St. on behalf of One Main Street Professional Building, LLC. Mark Prolman, Prolman Realty, Inc. represented the seller, One Main Street Professional Building, LLC and Scott Walker, Premiere Properties represented the buyer, Bangor Savings Bank.
Annual Southern Maine industrial market survey: Statistics show robust market favoring owners - by J...
August 4, 2023
The Greater Portland industrial vacancy rate has remained relatively stable since the last report at the end of last year, with a modest increase of 14 basis points to reach 1.91% as of July 1, 2023. The Dunham Group is pleased to present our mid-year update on the annual Southern Maine industrial market survey. The current statistics still indicate a robust market favoring landlords and property owners, although we did mention earlier this year that there are promising signs for tenants and buyers.
A reimagined Canal Plaza: Join Downtown Portland’s thriving business community
August 4, 2023
Portland, ME Ideally located at the confluence of Portland’s historic Old Port and the city’s financial districts, One Canal Plaza is being thoroughly reimagined by local real estate management, investment, and development company, East Brown Cow. Through a $10 million capital improvement investment in partnership with internationally renowned architect, Moshe Safdie
The Boulos Company sells retail portfolio totaling 25,181 s/f for $5.25 million
August 4, 2023
Brunswick, ME Brunswick Town Holdings, LLC purchased a retail portfolio of buildings, totaling 25,181 s/f in an off-market sale. The portfolio consists of 104 Pleasant St., 106–112 Pleasant St., and 275 Bath Rd.The portolio was sold by R.E. Management, Inc. for $5.25 million. The buyer is an out-of-state investor with ties to Maine, and the portfolio, which features a mix of tenants such as Pat’s Pizza, Dunkin’, Subway, and Groups Recover Together, hit all his investment goals.
Landry/French promotes Gaddar to senior project manager
August 4, 2023
Scarborough, ME Landry/French Construction, one of Northern New England’s leading construction management firms, has promoted Nick Gaddar to senior project manager. Gaddar has 11 years of experience in commercial construction, encompassing diverse projects in housing, hospitality, and public safety. During his six years at Landry/French he has demonstrated strong project management skills and leadership capabilities.
The RAM Companies purchases 64,000 s/f industrial complex at 421-429 Warren Avenue for $9.6 million
August 4, 2023
Portland, ME The RAM Companies (RAM) has acquired the 100% leased Warren Ave. industrial complex for $9.6 million. The three-building property is located at 421 and 429 Warren Ave. RAM plans to make several upgrades to the property and will use its in-house team for property management. Founder Howard Goldenfarb, Todd Goldenfarb, and Mark Campbell, SVP of acquisitions & development, led the acquisition effort on behalf of RAM and its affiliate, Mile Marker Investments.
Brown, Poland, and Provencher join Foxfire Property Management
August 4, 2023
Concord, NH Foxfire Property Management has made three new additions to its team. Nathaniel Brown joins as the new commercial property manager, Victoria Poland as a legal intern, and Cynthia Provencher as a staff accountant. Brown brings experience in managing residential and commercial condominiums with Crowninshield Management and apartment management with John M. Corcoran & Co., where he earned his Accredited Residential Manager (ARM) designation.
North Branch completes 90-unit Red Oak at 409 Elm Street development
August 4, 2023
Manchester, NH North Branch Construction completed construction of Red Oak at 409 Elm St. The mixed-use development includes 90 market-rate studio, one-bedroom, and two-bedroom apartment homes, the corporate headquarters of Red Oak Apartment Homes, and co-working office spaces. The facility features includes energy-efficient features, LED lighting, Energy Star rated appliances, rooftop solar panels, and electric vehicle charging stations.
Silverthorn joins Sanborn Head as senior VP of finance
August 4, 2023
Bedford, NH Sanborn, Head & Associates, Inc. (Sanborn Head) has added Carolyn Silverthorn, MBA as the firm’s new senior vice president of finance. Silverthorn will lead Sanborn Head’s accounting and finance teams including managing all aspects of the firm’s financial planning, management, and reporting activities. She will manage and oversee the development of Sanborn Head’s accounting professionals
Jewett to complete ground-up dealership
for Faith’s Toyota Ford
August 4, 2023
Westminster, VT Jewett Construction Co. hosted a groundbreaking ceremony at Faith’s Toyota Ford to commemorate the construction of a new 37,000 s/f ground-up dual branded dealership in the Green Mountain State. The new building will showcase an array of modern amenities while incorporating LEED-certified features
Marcus & Millichap closes $2.95m sale of 23,400 s/f industrial building
August 4, 2023
Merrimack, NH Marcus & Millichap negotiated the sale of 19 Star Dr., a 23,400 s/f industrial property for $2.95 million. “The interest and demand for this asset were extremely high, as investors were drawn not only by the exceptional quality of the real estate but also by its blend of stability and potential for rental growth,” said Luigi Lessa, associate.
PROCON’s Unitil facility earns first WELL Certified designation in New Hampshire
August 4, 2023
Exeter, NH Unitil, a local provider of natural gas and electricity, said that their Seacoast operations center has become the first building in New Hampshire to achieve WELL Certified designation. Unitil shares this achievement with its facility’s New Hampshire-based design and construction partners, including PROCON and Stibler Associates, LLC, as well as the Resilient Buildings Group, which supported Unitil’s WELL Certification process.
Project of the Month: Acella Construction Corp.
completes construction for Milton Goddard Schoo...
August 4, 2023
Milton, MA Acella Construction Corp., a leader in construction management throughout greater Boston, has completed construction of The Goddard School For Early Childhood Development located at 193 Central Ave., the former site of the Milton Hoosic Club. The project originally started over two years ago when a horrific fire of unknown origin destroyed the historic Hoosic Club building one month into construction.
IFMA Boston - The smart way for starting capital projects: Know your technology - by Jared Curtis
August 4, 2023
Starting capital projects off right requires not just knowledge of your fundamental assets, but accurate data on those assets as well. Many times, people depend on information about their assets from old paper drawings, flat files, blueprints, public documents, etc. Unfortunately, these older files are often not reliable. Those drawings, which may have been accurate at one point in time, may not be up to date.
CAI Fannie Mae and Freddie Mac release lender bulletins for condo and coop mortgages - by Dawn Baum...
August 4, 2023
Within the past few weeks, both Fannie Mae and Freddie Mac released lender bulletins as a step toward making temporary requirements permanent. The temporary requirements addressed issues of structural safety in condominium and housing cooperative buildings in response to the Champlain Towers South condominium collapse.
President’s Message: Knowledge – Tools of the property management trade
August 4, 2023
It was an evening of fun, relaxation, and celebration on July 13th when the Institute of Real Estate Management (IREM) Boston Chapter held a Networking and New Member Installation at Granite Links Golf Club in Quincy. Two people were installed as CPM (certified property manager) and five as ARM (accredited residential manager) at the well-attended event.