Northern New England

New Hampshire CIBOR president’s message: 2022 will be a great year - by Scott Forte

New Hampshire CIBOR and NECPE are two of the best commercial real estate groups in the country. Consistently, year after year, we are praised by other Realtor Boards and Commercial Realtors throughout

As much as “blue collar” housing is needed, current zoning and building regulations make this difficult - by Bill Norton

Clearly, 2021 was a better year than 2020 for our industry. We had a great year. I’m making up for 2020, which was a dud. God bless low interest rates because that is what is keeping this economy going. Rising rates

Atlantic Capital Partners sells 133,924 s/f Durgin Square for $40.5 million - a 133,924 s/f grocery-anchored shopping center in Portsmouth, NH

Portsmouth, NH Atlantic Capital Partners has brokered the $40.5 million sale of Durgin Sq., a 133,924 s/f grocery-anchored shopping center. This 96% leased center is anchored by Whole Foods Market, a 41,980 s/f grocery store that was added to the center,

Retail property continues its strong performance as we enter 2022 - by David De Lise

Despite the reported demise of retail properties, not only is the retail industry enjoying a bit of a renaissance, but operating fundamentals are considerably stronger than a year ago, and in many cases, several

Wason Associates Hospitality Real Estate Brokerage Group negotiates $11.5 million sale of 61 room Wentworth Inn - sold by Ellie Koeppel to Atlantic Equity Partners, LLC

Jackson, NH Wason Associates Hospitality Real Estate Brokerage Group brokered sale of the 19th century 59,000 s/f Wentworth Inn at 1 Carter Notch Rd., to AE Wentworth, LLC. AE Wentworth purchased the 61-guest-room inn for $11.5 million.

Reed of Stebbins Commercial sells 30,000 s/f at 215 Canal St. for $2.3 million

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC negotiated the sale of the 30,000 s/f commercial building at 215 Canal St. from 215 Canal Street, LLC to Travis and Kyle York. Reed represented the seller, and Don Eaton of Colliers International represented the buyer.

Rizzo and Sigfridson of The Boulos Co. sell 24.6 acres at 300 Innovation Way

Scarborough, ME The Boulos Co. said the Crossroads Holdings’ ‘Innovation District’ – a 154-acre subdivision is fully sold out. The project broke ground in August 2019 and will create over 825,000 s/f of non-residential

Stebbins Commercial Properties sells 298 Hanover St. for $325,000

Manchester, NH Mike Reed, president of Stebbins Commercial Properties LLC brokered the sale of 298 Hanover St. from the State of New Hampshire to Waypoint. Reed represented the buyer, and NAI Norwood Group represented the seller.

Sununu attends ribbon cutting for The Kane Co.’s 145 Maplewood Ave.

Portsmouth, NH Governor Chris Sununu spoke at the ribbon cutting and grand opening ceremonies of 145 Maplewood Ave., a mixed-use office building located in the city’s North End. Calling the The Kane Company and PROCON project

Town of Scarborough advances downtown plan

Scarborough, ME The vision for a downtown for Scarborough got a little clearer with the submission of the Ad Hoc Downtown Committee’s report to the town council in late October.  The report is the culmination of nine months