Silverthorn joins Sanborn Head as senior VP of finance

Bedford, NH Sanborn, Head & Associates, Inc. (Sanborn Head) has added Carolyn Silverthorn, MBA as the firm’s new senior vice president of finance. Silverthorn will lead Sanborn Head’s accounting and finance teams including managing all aspects of the firm’s  financial planning, management, and reporting activities. She will manage and oversee the  development of Sanborn Head’s accounting professionals

North Branch completes 90-unit Red Oak at 409 Elm Street development

Manchester, NH North Branch Construction completed construction of Red Oak at 409 Elm St. The mixed-use development includes 90 market-rate studio, one-bedroom, and two-bedroom apartment homes, the corporate headquarters of Red Oak Apartment Homes, and co-working office spaces. The facility features includes energy-efficient features, LED lighting, Energy Star rated appliances, rooftop solar panels, and electric vehicle charging stations.

Brown, Poland, and Provencher join Foxfire Property Management

Concord, NH Foxfire Property Management has made three new additions to its team. Nathaniel Brown joins as the new commercial property manager, Victoria Poland as a legal intern, and Cynthia Provencher as a staff accountant.  Brown brings experience in managing residential and commercial condominiums with Crowninshield Management and apartment management with John M. Corcoran & Co., where he earned his Accredited Residential Manager (ARM) designation.

Landry/French promotes Gaddar to senior project manager

Scarborough, ME Landry/French Construction, one of Northern New England’s leading construction management firms, has promoted Nick Gaddar to senior project manager. Gaddar has 11 years of experience in commercial construction, encompassing diverse projects in housing, hospitality, and public safety. During his six years at Landry/French he has demonstrated strong project management skills and leadership capabilities.

The Boulos Company sells retail portfolio totaling 25,181 s/f for $5.25 million

Brunswick, ME Brunswick Town Holdings, LLC purchased a retail portfolio of buildings, totaling 25,181 s/f  in an off-market sale. The portfolio consists of 104 Pleasant St., 106–112 Pleasant St., and 275 Bath Rd.The portolio was sold by R.E. Management, Inc. for $5.25 million. The buyer is an out-of-state investor with ties to Maine, and the portfolio, which features a mix of tenants such as Pat’s Pizza, Dunkin’, Subway, and Groups Recover Together, hit all his investment goals.

Annual Southern Maine industrial market survey: Statistics show robust market favoring owners - by Justin Lamontagne

The Greater Portland industrial vacancy rate has remained relatively stable since the last report at the end of last year, with a modest increase of 14 basis points to reach 1.91% as of July 1, 2023. The Dunham Group is pleased to present our mid-year update on the annual Southern Maine industrial market survey. The current statistics still indicate a robust market favoring landlords and property owners, although we did mention earlier this year that there are promising signs for tenants and buyers.

Prolman Realty sells two investment properties for $1.644m

Nashua, NH Prolman Realty, Inc. brokered the sale of two investment properties located at 1 Main St. and 8 Auburn St. on behalf of One Main Street Professional Building, LLC. Mark Prolman, Prolman Realty, Inc. represented the seller, One Main Street Professional Building, LLC and Scott Walker, Premiere Properties represented the buyer, Bangor Savings Bank. 

Bradley and White of Coldwell Banker Realty sell 246 Whittemore Point Rd. N

Bridgewater, NH The most expensive home ever sold on Newfound Lake in Bridgewater closed July 14 for $8.82 million—more than $6 million over the previous highest sale. It marks a banner year for Lakes Region homes in the state. Susan Bradley and Kristin White, sales associates affiliated with Coldwell Banker Realty in Gilford, were the listing agents for 246 Whittemore Point Rd. North, which was only on the market 13 days before going under contract. 

Martin of Colliers leases 17,250 s/f to Lamont, Hanley & Associates

Manchester, NH Colliers, a global leader in commercial real estate services, is pleased to announce Lamont, Hanley & Associates, Inc. leased 17,250 s/f at 186 Granite St. Doug Martin, of Colliers in Manchester, represented the landlord, Manchester Millyard Realty, LLC, and assisted the tenant in the transaction. “Lamont, Hanley & Associates has been a fixture in downtown Manchester for decades.

August 2023 CIBOR president’s message: - by Matthew Bacon

This year, I’ve gotten several questions, clarifications, and looks of confusion over exactly what New Hampshire Commercial Investment Board of Realtors (NHCIBOR) and New England Commercial Property Exchange (NECPE) do and how we’re different than other boards and property sites. Our core purpose is to advance the professionalism and service to our community’s property owners, from a commercial perspective.