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Marsden RE launches Port Property’s first for-sale residential community
June 2, 2023
Biddeford, ME Port Property, in partnership with Marsden Real Estate/Bean Group, is launching its first for-sale residential community: Landing on the Levee. Scheduled to begin construction this summer, Landing on the Levee will bring a curated selection of for-sale properties to the company’s mixed-use development, The Levee.
Saugatuck Commercial Real Estate and The Boulos Co. represents MMP in third New England lease totali...
June 2, 2023
Portland, ME Mangrove Management Partners and The Vascular Care Group leased 7,901 s/f of medical space from 400 Southborough, LLC at 400 Southborough Dr. Penny Wickey, principal, Saugatuck Commercial Real Estate along with Drew Sigfridson and Claire Richardson of The Boulos Company represented the medical group.
Building solutions: MEREDA Spring Conference tackles housing crisis
June 2, 2023
Portland, ME On Thursday, May 25th, the Maine Real Estate & Development Association (MEREDA) hosted its annual Spring Conference where some 300 real estate professionals gathered at the Holiday Inn By the Bay, as well as virtually, to discuss solutions to
NAI Glickman Kovago & Jacobs facilitates $2.5 million sale of 17-unit apartment property in Worceste...
June 2, 2023
Worcester, MA NAI Glickman Kovago & Jacobs facilitated the $2.5 million sale of a 17-unit apartment building at 3-5 Rugby St. The seller, CAJ Rugby LLC was represented by NAI Glickman Kovago & Jacobs vice presidents David Eldredge, and Tim Whittredge.
Advisors Living opens new sales office at 5 East Main St. in Merrimac Square
June 2, 2023
Merrimac, MA Advisors Living, the residential sales platform of Boston Realty Advisors, opened its newest sales office. The new office is located to serve Greater Newburyport, the Merrimack Valley and areas of southern New Hampshire. This new office, one of the latest in a series of Advisors Living offices opening in suburbs of Greater Boston, is located at 5 East Main St. in Merrimac Square, the commercial, cultural and historical center of the town.
DApice of The Mega Group handles $4.8 million sale of Harbor View Apartments
June 2, 2023
Gloucester, MA The Mega Group has completed the sale of Harbor View Apartments, a 22-unit mixed-use residential and commercial investment opportunity, situated on Stacy Blvd. in the town’s oceanfront seaport district. At the time of the sale, the $4.8 million purchase
Port One Companies continues work on Granite Woods - 500,000 s/f development
June 2, 2023
Hooksett, NH According to Newmark, construction continues on Granite Woods Commerce Center, an industrial development spanning 500,000 s/f at 47 Hackett Hill Rd. With 90% of site work complete, construction of the class A building is well underway and targeting an early 2024 delivery.
Cresa Boston’s Keenan promoted to managing principal
May 26, 2023
Boston, MA The Boston office of Cresa, one of the world’s largest tenant-only commercial real estate firm, has promoted Vicki Keenan to managing principal. A respected leader in the industry, Keenan brings fresh vision and creative portfolio solutions to clients in
True Storage opens 19th Class A self-storage facility at 96 Dupont Dr., Providence, RI
June 9, 2023
Providence, RI True Storage has opened its 19th Class A self-storage facility. Located at 96 Dupont Dr., day-to-day operations will be managed by CubeSmart, while True Storage retains ownership of the property. The multi-story facility was designed
Harnden joins The Dunham Group as partner and broker
June 2, 2023
Portland, ME Jim Harnden has joins The Dunham Group as broker and partner. Harnden comes to the Dunham team having over 35 years of experience in Maine’s commercial real estate market. Harnden has been president of Harnden Commercial Brokers. Harndens’s focus and expertise is tenant representation, having worked with some of the leading companies in our market – including large national, regional and local companies.
DECCO, Inc. releases Virtual Design Solutions
June 2, 2023
Nashua, NH DECCO, Inc. has released its newest service 3D Laser Scanning & Virtual Design Solutions. DECCO’s new 3D Laser Scanning & Virtual Design Solutions supports projects with 3D scanned models and point clouds to integrate piping models and skidded systems into generated virtual environments supporting Building Information Models (BIM).
CBRE completes sale of Holiday Inn Express & Suites Manchester-Airport
June 2, 2023
Manchester, NH CBRE today completed the sale of Holiday Inn Express & Suites Manchester-Airport located at 1298 S. Porter St. The hotel was acquired by Manchester Hospitality. CBRE’s Dave McElroy and Scott Hutchinson of CBRE Hotel Brokerage and Investment Sales represented the seller, the Singer family of Manchester, during the transaction.
New England Real Estate Journal's
Ones to Watching Rising Stars Spotlight
May 26, 2023
Check out New England Real Estate Journal's Ones to Watching Rising Stars Spotlight here!
The Rhode Island industrial market continues to exhibit low vacancy rates - by Mike Giuttari
May 26, 2023
As Rhode Island heads into the 2nd half of 2023, we see: 1) A definite slowdown in the office sector, whether CBD space or suburban space; 2) An increase in sub-lease office space; 3) Continuing demand for industrial space with a complete lack of any useful inventory for this market; and 4) Proposed industrial is all large (250,000+ s/f space) for this market.
Landlords and restaurant leases by Dennis Serpone
May 26, 2023
Seventy-five percent of all small businesses are food and liquor related. Every business owner, once a location is secured, has to be prepared for dealing with a landlord, a build-out, personnel, and then the customers.
Rising office vacancies can create an opportunity for the New Hampshire Seacoast by Christian Stall...
May 26, 2023
If you’ve been keeping up with current events, you may have noticed a shift from concerns about the banking sector to worries about the commercial real estate industry, specifically the office market. However, it’s important to note that the New Hampshire Seacoast office market is not comparable to larger cities such as New York City, Dallas, and Chicago that have been making headlines.
I hope that you see an opportunity as it arises by Vin Cannistraro
May 26, 2023
As Marvin Gaye famously sang, “What’s Going On.” Indeed, it’s quite a challenge to figure that out in today’s climate, and more importantly, to determine where one should be going. One of the most widely accepted assumptions is that [real estate] investors make all of their decisions based on “facts” while homeowners allow themselves to be governed by emotional responses.
2023 Ones to Watch Rising Stars: Chris McHugh, Erland Construction
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? Within the last year, I was provided the opportunity to be the lead estimator for our firm’s largest project to date. This came with some challenges when lead times turned astronomical, material cost was unpredictable, and the availability of manpower was essentially nonexistent.
2023 Ones to Watch Rising Stars: Yinka Kuye-Romelus, The Peabody Companies
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? As employee #4 from 2019-2022 at Tour24, I helped create an industry for self-guided touring in the multifamily housing sector with an award-winning app. I built and managed a cross-functional team, successfully executed strategic product roadmaps and implemented operational processes.
2023 Ones to Watch Rising Stars: Katie Klein, WiredScore
May 26, 2023
What recent project, transaction or accomplishment are you most proud of? I am honored to be a part of the WiredScore team and get the chance to work with some of the very best asset managers and developers in North America. Recently, we proudly launched WiredScore Portfolio – a seal of recognition for their commitment to providing best-in-class connectivity across a significant portion of their building portfolio.