Northern New England

November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash

While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I

CORE completes acquisition of
24,000 s/f Kittery shopping center

Kittery, ME CORE has acquired 360 US Rte. 1. This 24,000 s/f shopping center is in the downtown and is home to Brooks Bros., Talbots, and Sustenance Herbs – a locally based, organic pet food store. The transaction, which closed on August 22nd, marks another deal for CORE’s

True Storage completes 10th development
of 2024 with Kmart conversion

Hooksett, NH New England self-storage developer, True Storage completed its 10th completion of the year this past week with the opening of its newest CubeSmart conversion. The project is a conversion of a former Kmart that had been vacant for over a decade. The property is located at 1267 Hooksett

Sullivan Construction celebrates
milestone at Market and Main

Bedford, NH Sullivan Construction has reached a major milestone at the Market and Main retail center with the “topping off” ceremony for Building D. The final beam was signed and raised into place, marking the structural completion of the 37,135 s/f building.

Dartmouth College launches $500 million
undergraduate housing plan

Hanover, NH Dartmouth College has launched a $500 million program to invest in new and renewed undergraduate housing, representing the school’s largest campus housing investment in a generation. College president Sian Leah Beilock has pledged to add a combined 1,000 beds

Tidemark, PROCON and BOD Holdings
break ground on 135-unit apartment complex

Somersworth, NH Tidemark and BOD Holdings LLC have broken ground on a new 135-unit apartment project in downtown. This modern residential project will offer surface parking and amenities. State and local officials, along with members of the community, joined BOD Holdings LLC, Tidemark, and PROCON’s design-build team for a groundbreaking ceremony to celebrate

Andrews of Nobis Group appointed to American Council of Engineering Companies New Hampshire board of directors

Concord, NH Tim Andrews, PG, director of state & municipal services at Nobis Group, has been appointed to the American Council of Engineering Companies New Hampshire (ACEC-NH) Chapter’s board of directors. “As a developing professional and project geologist, I recall the importance of involvement

Ravenelle joins Elm Grove Companies as vice president of development and construction

Manchester, NH Aaron Ravenelle has joined real estate development firm Elm Grove Companies as the new vice president of development and construction. Ravenelle brings over 26 years of extensive experience successfully leading development and construction project teams through residential, educational and commercial projects

The Greater Portland industrial mid-year market update - by Nate Roop

The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for

Patriot Holdings retains The Boulos Co. to lease 40,000 s/f new high-bay industrial/flex facility in Somersworth, NH

Somersworth, NH Patriot Holdings has delivered another exciting real estate development as the private equity real estate firm expands its presence in New England. In Somersworth, a three-building industrial park is now available for lease and for sale. This industrial/flex facility has the potential for units starting at 1,600 s/f with a potential