Northern New England

Alkova of Coastal Land & Commercial Group assists in $9.35 million short sale

Bedford, NH Viktoria Alkova of Coastal Land & Commercial Group assisted in the purchase of an 85 bed, former assisted living facility. Alkova exclusively represented the buyer to complete the off-market short transaction at a sale price of $9.35 million. Alkova encountered challenges

Rice and Smith of Badger Peabody & Smith
sell Adair Country Inn

Bethlehem, NH After nearly a decade of stewardship by the Bedor family, the Adair Country Inn is now under new ownership. The Adair Country Inn and Restaurant is now owned by Mark and Brenda Johnson. The Johnson family has been members of the community for over 40 years.

Newmark completes $39.7 million sale-leaseback
of 12 Innovation Way to R.J. Kelly

Londonderry, NH Newmark negotiated the $39.7 million sale-leaseback of 12 Innovation Way, a manufacturing/R&D facility occupied by EFI and located near the Manchester-Boston Regional Airport.

Northeast Private Client Group closes 15-unit multifamily portfolio sale

Dover, NH Northeast Private Client Group (NEPCG) has brokered the Third St. portfolio sale. Senior associate Brad Carlson and investment associate Brett Curtis represented the seller and procured the buyer for this multifamily portfolio transaction.

Suffolk expands northern New England presence with new office in Portland

Portland, ME Suffolk has opened its new office on Commercial St., which will serve clients across the state, New Hampshire and Vermont. This expansion into Northern New England marks a milestone for the company as it continues to grow its presence in sectors including higher education

Senus joins VHB as senior project manager – real estate market lead

South Portland, ME Dave Senus, PE, has been appointed as senior project manager — real estate market lead at VHB. Enhancing the Maine team with leadership and technical competencies gained from more than 20 years of diverse land development-focused engineering experience.

Malone Commercial sells VIP Tour & Charter

Portland, ME Malone Commercial Brokers negotiated the sale of VIP Tour & Charter, a motor coach tour and charter company founded in 1985, to Conway Scenic Railroad. They will also be purchasing the real estate in the near future. Their plan

Roche Realty Group negotiates over $150m in sales in 2023

Meredith, NH Frank Roche, president of Roche Realty Group, Inc., with offices in Meredith and Laconia, has reported sales for the 12 months ending December 31st, 2023. The firm produced a sales volume of $150,241,590, involving 302 transaction sides.

Remember the good ‘ole days of long inventory lists and property tours? When will they return to Southern Maine? - by Justin Lamontagne

The year was 2011, and a young, ambitious broker received a lead on a 30,000 s/f industrial tenant in search of a simple warehouse with a few overhead doors and a loading dock. The broker swiftly compiled an inventory of seven or eight attractive options in the Greater Portland area and scheduled a

NH CIBOR president’s message: Public Policy Committee of NHAR - by Ethan Ash

As we move beyond the primary season, the focus on politics may wane for some, but in New Hampshire, the 2024 Legislature in Concord faces a considerable workload with over 1,300 bills awaiting consideration. The Public Policy Committee of the N.H. Association of Realtors (NHAR) is diligently