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Stonegate Group and Nauset Construction
break ground on mixed-use development
July 7, 2023
Natick, MA Stonegate Group and Nauset Construction broke ground on the Stonegate St. Patrick redevelopment, a mixed-use project at the site of the former St. Patrick’s School that will deliver 46 apartments with 14,000 s/f of ground-floor restaurant and retail space with four additional two-family townhomes. Located at 45 E. Central St.,
Project of the Month: DeStefano & Associates completes 110,000 s/f warehouse addition for Stonewall ...
July 7, 2023
Dover, NH In February 2023, DeStefano & Associates, Inc. (DAI) completed another warehouse addition on Mast Rd. to be occupied by Stonewall Kitchen. The project team consisted of Summit Land Development, developer; JSN Associates, architect/engineer; and DAI Construction Manager.
July 2023 CIBOR president’s message: - by Matthew Bacon
July 7, 2023
Summer is here and in full swing! As we enjoy the beauty and many resources that NH has to offer, especially at this time of year, many of us gather for an annual tradition to build and foster relationships, recognize achievements, and just have some fun at our annual summer kick-off – the NHCIBOR annual BBQ and ROTY/AOTY presentation.
Choate and Bachman of Colliers facilitate 53,664 s/f lease renewal
July 7, 2023
Newington, NH Colliers has facilitated the recent 53,664 s/f, seven-year lease renewal for FedPoint, a federal benefits administrator, at 100 Arboretum Dr. David Choate and Abigail Bachman, of Colliers’ Portsmouth office, represented the tenant in the renewal and Steve Horan of Farley White Interests represented the landlord.
PROCON completes 139-kW rooftop solar array at headquarters
July 7, 2023
Hooksett, NH PROCON has completed a 139-kilowatt solar array that sits atop the company’s headquarters. The array will generate an estimated 154,377-kilowatt (kW) hours of renewable energy each year, offsetting nearly 50% of the company’s electric load and over 151,000 pounds of annual carbon emissions.
Gilbert of North Branch Construction receives LEED Green Associate Certification
July 7, 2023
Concord, NH North Branch Construction’s project manager, Susane Gilbert, has recently received the LEED Green Associate credential from the U.S. Green Building Council. LEED Green Associates are equipped with the knowledge and skills necessary to promote and implement green building practices within the workplace and community.
The financial/economic house is still standing - by Bill Norton
July 7, 2023
We have made it halfway through 2023 and the financial/economic house is still standing! In fact, several pundits are starting to float the idea that there will be no recession this year. The democrats will go to extreme ends to achieve that because of the blow-back on the Biden Administration and their hopes for re-election.
New Hampshire multifamily market growth benefits all - by Michael Charron
July 7, 2023
As I reflect on the past 10 years, I am reminded about the multifamily expansion and growth, nationwide. The remarkable progress in this sector has not only revitalized our cities but has also positively impacted countless lives; I am grateful for the prosperity it has brought to our communities and its citizens.
Aho of Aho Properties arranges sale of 4,638 s/f building for $740,000
July 7, 2023
Newington, NH Joel Aho, president of Aho Properties, represented ownership in the sale of the 4,638 s/f building on 0.2 acres located at 23 River Rd. for $740,000.
Colliers completes $1.15m sale of three buildings totaling 5,514 s/f
July 7, 2023
Barrington, NH Colliers has sold 528 & 532 Calef Hwy. for $1.15 million. The sale consists of 4.29 acres with three buildings totaling 5,514 s/f, known as Knight’s Garage and The Barrington Depot. Andrew Ward, of Colliers’ Portsmouth office, represented the seller, TRS Knight Family Rev Trust, and Deane Navaroli, of William & Reeves Commercial Real Estate, represented the buyer, Desaulniers Commons, LLC, in the sale.
PROCON and Easterseals NH finalize blueprints for military and veterans campus
July 7, 2023
Franklin, NH What started as a conversation with governor Sununu regarding deepening Easterseals NH’s long-term commitment to military service members, veterans and their families has evolved into a partnership with the state to provide a central hub for housing and a variety of services designed to give back to those who have given so much.
2023 MEREDA Index unveiled at annual spring conference
July 7, 2023
Portland, ME On May 25th, over 300 real estate insiders gathered both in-person at the Holiday Inn By the Bay and virtually for the Maine Real Estate & Development Association’s (MEREDA) annual spring conference. As part of the Conference, MEREDA released its 17th edition of the MEREDA Index.
Landry/French Construction and Waterstone Properties Group top off Rock Row’s Medical and Research...
July 7, 2023
Westbrook, ME Landry/French Construction joined Waterstone Properties Group on June 1, 2023 to celebrate the placement of the last steel beam on Rock Row’s Medical and Research Campus building. The Rock Row Medical & Research Campus, anticipated to be completed in 2024, will be anchored by New England Cancer Specialists, the largest medical oncology group and leading provider of cancer care in the region.
Nobis Group awards 2023 STEM scholarships
July 7, 2023
Concord, NH Nobis Group recently awarded scholarships to two 2023 high school graduates. Now in its fifth year, the Nobis scholarship program was developed to further the company’s dedication to promoting Science, Technology, Engineering, and Mathematics (STEM) to high school students.
Hopson joins TFMoran as structural project manager
July 7, 2023
Bedford, NH Mahreana Hopson, PE has joined TFMoran as a structural project manager in the Bedford office. Hopson is a licensed professional engineer in the states of Connecticut and New Hampshire. Hopson earned her Bachelor of Science in Civil Engineering Technology, Magna Cum Laude, from the Rochester Institute of Technology.
The Boulos Company arranges sale of 8,800 s/f office space
July 7, 2023
Brunswick, ME Knickerbocker Group purchased 21 Stanwood St. and will convert part of the 8,800 s/f space into an office. The current tenant, Women’s Fitness Studio & Spa, will downsize and remain in the building. Knickerbocker Group offers architecture, interior design, landscape architecture, construction, real estate, and property management services from offices in Boothbay, Portland, and soon, Brunswick.
Finegold Alexander Architects completes 118,000 s/f judicial center
July 7, 2023
Biddeford, ME Boston-based Finegold Alexander Architects completes the York Judicial Center along with governor Mills and many members of the Judicial Branch at the recent ribbon cutting. Finegold Alexander was selected to do the planning and design for the 118,000 s/f judicial center which consolidates four existing York County Courthouses into a single Judicial Center.
Affordable housing development underway for adults with disabilities
July 7, 2023
Scarborough, ME An affordable housing development will soon bring much needed independent living opportunities for disabled adults to one of the region’s fastest-growing hubs. Set to rise within a 524-acre mixed-use community known as The Downs, this new 51-unit fully accessible apartment building is designed by architecture and interiors firm. Gary Kane, principal with The Architectural Team (TAT)
Torrington acquires Mill Road Plaza from
Colonial Durham Associates for $8.8 million
July 7, 2023
Durham, NH Torrington Properties (Torrington) has acquired the Mill Road Plaza from Colonial Durham Associates for $8.8 million. The 10-acre Mill Road Plaza is the current home to Hannaford, Allegiant Physical Therapy, Appledore Family Medicine and Pediatrics, Domino’s Pizza, Mei Wei, Rite Aid and The Works Café. The Mill Road Plaza joins Torrington’s growing list of recent retail and commercial acquisitions and developments.
Willamette Management Associates, a Citizens company, adds new Boston office - names Bello as managi...
July 7, 2023
Boston, MA According to Willamette Management Associates, a Citizens company, Marc Bello has joined the firm as a managing director. He will lead Willamette’s new Boston office. Bello’s professional expertise centers in the areas of business valuation, forensic accounting and financial consulting services dealing with complex compensation and taxation issues.