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Adapting to change - by Bill Pastuszek
March 3, 2023
As the warmth and hopeful prospects of the holidays and the New Year are in the rear view mirrors, the hard work starts in trying to understand what the year portends. Now two months into 2023, there are high points and there are pain points to be discussed.
Spencer of Maine Realty Advisors sells two properties
March 3, 2023
Belgrade, ME Manchester Self Storage, LLC purchased a five-acre parcel at 210 Augusta Rd. from Ronald and Diana Bellavance for $275,000. Ben Spencer of Maine Realty Advisors and Dennis Wheelock of KW Commercial brokered the deal.
Cobb of Colliers and Mitchell of Malone Commercial lease 5,150 s/f
March 3, 2023
Biddeford, ME According to Colliers, a global leader in commercial real estate services, Colliers Engineering and Design has leased 5,150 s/f at 234 Main St. Mike Cobb, of Colliers in Maine, represented the tenant and Brandon Mitchell, of Malone Commercial Brokerage, represented the landlord.
Acella promotes Costa to project manager
March 3, 2023
strong>Pembroke, MA Nick Costa has been promoted to project manager at Acella Construction Corp. In this role, Costa oversees construction projects, upholds client expectations, and maintains schedules and financials to ensure projects are completed on time and within budget.
Carleton, Cilley and Soule join Vitalius Real Estate Group as brokers
March 3, 2023
Portland, ME Vitalius Real Estate Group welcomes brokers Nancy Carleton, Poe Cilley and Tyson Soule to its brokerage team. “Nancy, Poe and Tyson are highly respected veterans of the midcoast real estate market,” said Brit Vitalius, principal of Vitalius Real Estate Group.
American Association of Automatic Door Manufacturers celebrates 30th anniversary
March 3, 2023
Boston, MA In 1993, “Jurassic Park” made us believe dinosaurs lived again, “I Will Always Love You” dominated the pop charts, and the Buffalo Bills made their third of a historic four consecutive trips to the Super Bowl. That same year, another milestone was reached with the forming of the American Association of Automatic Door Manufacturers (AAADM).
Haynes Group and Ebbrell create new space for AlDa Aesthetics
March 3, 2023
Hanover, MA When taking your business to the next level, your space, “Needs to reflect the work you’re doing and provide an experience that makes clients feel like part of the family,” said Dana Broslovsky, LME, and co-owner of AlDa Aesthetics.
Weekender Hotels renames recently acquired Jack Daniels Inn
March 3, 2023
Peterborough, NH Weekender Hotels is renaming the Jack Daniels Inn, which Weekender Hotels acquired in 2022, and will now be called Riverhouse by Weekender. Weekender Hotels founder, Keir Weimer said, “We wanted this property to reflect the Weekender brand, which is all about adventure, new experiences and explorations, highlighting the best parts of the local area, combined with a comfortable, luxurious, design-forward and tech-enabled stay.
The Peabody Cos.’ Donovan receives NE Affordable Housing Management Association Legacy Award
March 3, 2023
Braintree, MA According to The Peabody Companies, a group of award-winning property management and real estate firms, vice president of administration Doreen Donovan is the 2022 recipient of the New England Affordable Housing Management Association’s Legacy Award.
Camber Development and Wheelock achieve 100% occupancy at 85 John Rd.
March 3, 2023
Canton, MA Camber Development, a Boston-based real estate investor and operator, and Wheelock Street Capital, have achieved 100% occupancy at their 94,000 s/f life sciences and advanced manufacturing property at 85 John Rd. 88 Acres, a national food brand producing seed-based products, will join Underwriters
Donahue + Associates lease 5,640 s/f at 150 Water Tower Circle to Fab-Tech
March 3, 2023
Colchester, VT Steve Donahue of Donahue + Associates leased 5,640 s/f in 150 Water Tower Circle to bring the occupancy of the building to 100%.
TFMoran celebrates 11 years of BOB Awards
March 3, 2023
Bedford, NH TFMoran was voted as Best Engineering Firm in New Hampshire Business Review’s Best of Business (BOB) Awards. More than 3,000 NH Business Review readers cast their votes to select this year’s award recipients, including nearly 100 businesses across the state in a range of business-to-business categories.
Healey, Burke and Miller of Boulos lease 55,575 s/f to Johnstone Supply - 875 Holt Ave.
March 3, 2023
Manchester, NH National HVACR wholesale distributor Johnstone Supply leased 875 Holt Ave., represented by The Boulos Company. The Boulos Company team—Chris Healey from the Manchester office, Caitlin Burke from the Portsmouth office, and Derek Miller from the Portland office collaborated to represent Johnstone with an eye toward additional growth in New Hampshire.
Boston Realty Advisors achieves record-breaking sales in 2022
March 3, 2023
Boston, MA Boston Realty Advisors, one of the largest independent real estate brokerage firms in the city, and the associated residential sales platform Advisors Living achieved record-breaking sales, leasing and real estate industry advisory growth for the 2022 calendar year, according to executives.
Reed of Stebbins Commercial Properties sells 38-acre site for $1.65 million to Torrington Properties...
March 3, 2023
Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC negotiated the sale of a 38-acre development site on Wellington Hill from the city, The Roman Catholic Bishop of Manchester and Pam Weilbrenner to Torrington Properties.
Mezheritskiy of ROI Corporation represents owners in sale of Whiteface Hollow
March 3, 2023
South Tamworth, NH ROI Corporation, a full-service business brokerage firm, completed the sale of the 25-acre Whiteface Hollow vineyard and event venue. The business, owned by Jennifer and John Ferreira, was sold to Jazz and Adam Cunningham.
DeStefano & Associates, Inc. begins 45-unit condo project
March 3, 2023
Cumberland Foreside, ME DeStefano & Associates, Inc. has started the construction of a 45-unit condo project off Rte. 1. The four-story structure will contain one- and two- bedroom condos, underground parking, workout room, community area, and car charging port.
Beacon Communities hires Reed as president
March 3, 2023
Boston, MA Beacon Communities has hired Christopher Reed as president of Beacon Residential Management, Beacon’s property management company. The hiring of Reed marks the end of a national search for a new president, following the departure of long-time leader Darlene Perrone.
Porta, Ciampi, and Gwilym of Porta and Company negotiate 511 Congress St. and 48 Brown St. master le...
March 3, 2023
Portland, ME Joe Porta SIOR, Vince Ciampi, and Peter Gwilym of Porta and Co. represented all parties for a master lease at 511 Congress St. and 48 Brown St.
Maugel DeStefano completes base building at Condyne’s Baker Hollow Logistics Center
March 3, 2023
Windsor, CT Maugel DeStefano Architects has completed the base building at Condyne Capital Partners’ Baker Hollow Logistics Center. Located on a 15-acre site, 105 Baker Hollow Rd. is a 165,625 s/f class A high-bay facility constructed using tilt-up concrete walls. The design provides flexibility