Search
Story results for:
Ligotti, Redeker and McGranaghan of Boston City Group broker $2.445 million sale
February 3, 2023
Reading, MA The property at 25-27 Minot St. was sold on December 29th, 2022, for $2.445 million. The property is a 12-unit two building multifamily complex.
Interest rates and inflation - by Matthew Bacon
January 3, 2023
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.
MEREDA launches new real estate podcast: “MEREDA Matters”
February 3, 2023
Portland, ME Have you ever been curious about the people who have put together some of Maine’s most important development deals? MEREDA has launched MEREDA Matters, a podcast that highlights the people, stories, and relationships behind the responsible development happening in Maine.
Winter is coming... - by Justin Lamontagne
February 3, 2023
For years now, I’ve had client after hopeful client ask if things were “cooling off” in the industrial market. And my answer had consistently been on the contrary, it was only getting more competitive. Year after year, we saw our vacancy rates plummet and plateau only when there was no plummeting left to go!
Maine Realty Advisors brokers seven sales and one lease totaling $6.475 million
February 3, 2023
Saint Albans, ME Nathan Beaulieu purchased 181 Springer Rd. a 1,000 s/f residential building, from Scott and Jennifer Smith for $310,000. Ben Spencer of Maine Realty Advisors and Erin Levesque of Real Estate 2000 ME/NH brokered the deal.
Port Property submits 10-year plan for West Bayside including 800+ units and 28,500 s/f
February 3, 2023
Portland, ME Port Property, a development and management company, submitted a master development plan to the city ’s planning department for consideration. The plan proposes the creation of 800+ new units of rental housing while also introducing mixed-use community spaces, increased pedestrian access, and connectivity throughout the neighborhood.
Greater Portland office market outlook - by Nate Stevens
February 3, 2023
One more year has come and gone since the pandemic began, and here at The Boulos Company, we’re constantly evaluating its ongoing overall impact on the Greater Portland office market. The dust seems to have settled somewhat in terms of the pandemic-inspired shift in office requirements, and there is some stability now on that front for both tenants and landlords.
PROCON names Cochran, Lizotte, and Pelton to leadership team
February 3, 2023
Hooksett, NH PROCON LLC has named Kimberly Cochran, Christopher Lizotte, and Tracey Pelton as new members of the company’s leadership team, joining managing directors John Stebbins and Jennifer Stebbins Thomas and co-presidents James Loft, AIA, and Lance Bennett.
Roche Realty reaches record annual sales
February 3, 2023
Meredith, NH Frank Roche, president of Roche Realty Group, Inc., has reported sales for the 12 months ending December 31, 2022. The firm produced a sales volume of $181 million involving 340 transaction sides.
Reed of Stebbins Commercial Properties sells 60,000 s/f industrial building - $2.85 million
February 3, 2023
Milford, NH Mike Reed, president of Stebbins Commercial Properties LLC has commpleted the sale of the 60,000 s/f industrial building at 1 Hampshire Dr., from SBJ Real Estate Associates to Milford Equities NH, LLC.
Campbell of North Branch named to AIANH board of directors
February 3, 2023
Concord, NH Joseph Campbell, president of North Branch Construction, has been named to the 2023 American Institute of Architects New Hampshire (AIANH) chapter board of directors as an affiliate director.
Brady Capital Advisors, LLC brokers $7.07 million in acquisition financing of Elaine Street Apartmen...
February 3, 2023
Hampton, NH Brady Capital Advisors, LLC (BCA) has arranged and facilitated $7.07 million in acquisition financing for the Elaine Street Apartments, a 41-unit, multifamily portfolio located on 1.01 acres along Elaine St. for a closing that took place on January 11, 2023.
Nedde Real Estate negotiates 6 sales and leases in Vermont
February 3, 2023
Colchester, VT Nedde Real Estate has brokered six sales and lease transactions in Vermont. Nedde Real Estate has sold 46-72 Heineberg Dr. in Colchester, two apartment buildings. Jaeger Nedde and Fernando Cresta represented the sellers William Metro and Sally Stockwell.
Overdeput of Colliers sells 26,000 s/f industrial/flex for $2.4 million
February 3, 2023
Derry, NH Colliers has completed the sale of the 26,000 s/f industrial/flex building with 8,000 s/f of office space at 4 Tinkham Rd. to Wrap City. Hugo Overdeput, of Colliers’ Manchester office, procured the buyer, G&P Holdings, LLC. According to the Rockingham County Registry of Deeds, the sale price was $2.4 million.
Summit Realty Partners Inc. sell 8,346 s/f restaurant at 242 West Broadway in Gardner, MA for $970,...
February 3, 2023
Gardner, MA Summit Realty Partners, Inc. represented the sale of a 413 seat, full-service restaurant building. 242 West Broadway sold for $970,000 on January 4, 2023. This 0.98 acre property is improved with an 8,346 s/f full-service restaurant building.
Burt of TFMoran Inc. retires from field surveyor after 30 years
February 3, 2023
Bedford, NH After 30 years with TFMoran, Inc., expert field surveyor Michael Burt will retire from the company. Burt joined the firm in October 1993 and quickly became an essential member of TFMoran’s survey field crew.
Chapman Construction completes new HQ for SELT Mathey Center using sustainable practices
February 3, 2023
Epping, NH Chapman Construction/Design, a construction management company specializing in high-performance building, has completed the construction of a new two-story 7,744 s/f wood-frame building which will serve as the headquarters for the Southeast Land Trust (SELT).
MEREDA recognizes four exceptional individuals for their contributions to real estate development an...
February 3, 2023
Portland, ME On January 26, 2022, the Maine Real Estate and Development Association (MEREDA) recognized four exceptional individuals for their significant and lasting contributions to real estate development in the state of Maine. The awards were presented in person at this year’s forecast conference at the Cross Insurance Arena attended by close to 800 real estate professionals.
Peaks & Plateaus: MEREDA’s forecast conference gives context to Maine’s Real Estate data
February 3, 2023
Portland, ME On Thursday, January 26, over 800 of Maine’s real estate and development professionals gathered at the Cross Insurance Arena to learn about the latest trends and predictions for the real estate economy at the Maine Real Estate & Development Association’s (MEREDA’s) Forecast
G.S. Wilcox & Co. arranges $10 million in financing for affordable development
January 20, 2023
Union, NJ G.S. Wilcox & Co. has completed $10 million in permanent financing for a 2 building, 88-unit affordable housing apartment community. The financing, arranged by Gretchen Wilcox, president, and David Fryer, principal, was secured