Northern New England

August 2024 NH CIBOR president’s message: Election season coming - by Ethan Ash

As we are nearing the elections in November, I can only imagine what the political landscape looks like as you are reading this message. I think most people can agree that at a national level, elections have become more fanatic and tribal - focused far more about a side winning versus the

Colliers facilitates $76.2 million in construction
financing for Dover’s Cochecho Waterfront

Dover, NH Colliers’ capital markets team arranged $76.2 million in construction financing to facilitate the development of the first phase of Cochecho Waterfront, a 220-unit waterfront multifamily project. A Colliers team led by executive vice president Jeff Black, vice

Italiaander and Gallagher of The Boulos Company lease 2,920 s/f to Blaze Pizza at 451 Payne Rd.

Scarborough, ME Blaze Pizza has leased 2,920 s/f at 451 Payne Rd. from Miser Investments, LLC. The Boulos Company’s Joe Italiaander and Chris Gallagher arranged the transaction on behalf of Blaze Pizza, concluding a multi-year search across the greater Portland

Worthen joins Preti Flaherty’s real estate and finance practice group

Portland, ME Matthew Worthen has joined Preti Flaherty as a director in the firm’s real estate and finance group. Worthen previously served as a shareholder and chair of the real estate group at a Maine-based law firm.

MEREDA appoints Deering of NBT Bank and Dovich of TD Bank to board of directors

Portland, ME Jeremy Deering and Ron Dovich have been elected to the board of directors of the Maine Real Estate & Development Association (MEREDA).

Colliers sells Manchester office building for $1.2 million - site planned for multifamily conversion

Manchester, NH Colliers has sold 1138 Elm St. This 16,555 s/f downtown office building, situated on 0.117± acres, was sold for $1.2 million, as recorded by the Hillsborough County Registry of Deeds.

Richards of Hay Runner appointed MEREDA president for 2024-2026

Portland, ME The Maine Real Estate & Development Association (MEREDA) has appointed Shannon Richards of Hay Runner, to president for 2024-2026.

PROCON breaks ground on Duprey Hospitality’s Arts Alley

Concord, NH According to Duprey Hospitality ground has been broken for Arts Alley, a project celebrating the redevelopment of the area adjoining the Bank of New Hampshire Stage on South Main St. Scheduled for completion by April 1, 2025, this PROCON designed and built facility

MAG Capital Partners buys KBS Builders’ 84,800 s/f manufacturing headquarters

South Paris, ME MAG Capital Partners purchased an 18.65-acre industrial property in a sale leaseback transaction with KBS Builders, Inc., a wholly-owned subsidiary of Star Equity Holdings.

DeWolfe of Greater Boston Commercial Properties sells 1.35-acre development site for $1.6 million

Scarborough, ME Tyler DeWolfe of Greater Boston Commercial Properties, Inc. represented the seller of 2 Ginn Rd. DeWolfe sold the 1.35-acre site for $1.6 million to Atlantic Regional Federal Credit Union which plans to construct a new brick and mortar credit