PM Construction Co. continues to play a key role in the ongoing development of housing in the city. The Daymark condo project (shown) on Chestnut St. is underway. The seven-story (70,000 s/f) building will consist of 52 units. Development is being led by The ProcopioPortland, ME
Maine’s industrial real estate sector has been booming the past few years, with the pandemic only intensifying the demand for warehouse and manufacturing spaces. From craft breweries to cannabis to life sciences companies like Abbott Labs, Maine is hostConcord, NH
Nobis Group has appointed Chris Adams, PE and Pete Delano, PE to the company’s board of directors. Adams joined Nobis Group in 1999 and brings 24 years of design, construction, and management related industry experience. He serves Concord, NH
North Branch Construction recently began a 22,000 s/f interior demolition and office fit-up renovation for Community Bridges at their future new location at 162 Pembroke Rd. In addition to a new site drainage system, sidewalks with a parking lot expansion, and landscaping, interior work will include demolition of existing space,
The retail market has certainly changed, or rather accelerated, its trajectory over the last two years! The COVID-19 pandemic, technological advancements, changes in the economy and other local, national & global events have collectively significantly affected the retail industry – for better or worse.
We know spring is coming. But as I sit here on a sunny, but cold, morning it is still winter. So that leaves us with anticipation. The commercial real estate (CRE) sector has anticipation, along with some anxiety. Inflation, of and by itself, is not always the worst thing for CRE (think rising rents), but after so many years
After the roller coaster that was 2020 (remember the Great Pause of March/April 2020?!), we settled into a more traditional industrial sector experience in 2021. That is to say, it was nuts. Our decade run of increasing demand and decreasing supply continued and we see no signs of material change in the coming year.
Labor shortages, rising prices, and regulatory delays. No sector of the economy seems to be immune to these problems, although the construction sector seems to be among the hardest hit. “When will things return to normal” is no longer the question – the new normal is all around us. Although these problems mayWestbrook, ME
The owners of the $600 million, 110-acre Rock Row development, Waterstone Properties, have acquired control of an additional 17 acres of developable parcels adjacent to Rock Row. The sale price was not revealed. The two sites to be developed by Waterstone are:Goffstown, NH
Marcus & Millichap brokered the sale of Goffstown Back Rd. Self-Storage, a 65,700 s/f facility, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The sale price was not disclosed.