Davis joins Roche Realty Group

Meredith, NH Frank Roche, president of Roche Realty Group, Inc., with offices in Meredith and Laconia, has said that Kathy Davis has recently joined the real estate firm.

New Hampshire Spotlight: Looking ahead into 2023: rising interest rates & CRE sales - by Bill Norton

Well. We all made it through 2022. It was a bit rocky but not too bad. Interest rates are up. Construction cost are still way up. Consequently, existing buildings look cheap (well at least “reasonable” in comparison).

NH CIBOR president’s message 2023: move the industry’s interests forward - by Matthew Bacon

With a new year upon us and the holidays over, I would like to take the opportunity to thank you for the great honor of being part of the team elected to serve NH CIBOR and NECPE. Many top-tier professionals have served these boards over our 46+ year history, and it is this team of volunteer leaders that will work to make 2023 a very successful year for these great organizations.

Interest rates and inflation - by Matthew Bacon

As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.

Wilder named development partner at Waterstone Properties’ $600m Rock Row

Portland, ME Adding to their current role as Rock Row’s retail merchandising specialist, Wilder has become a development partner in the 110-acre Greater Portland, development. Working with developer and owner Waterstone Properties, the two companies will jointly oversee all new phases of development of an additional 1.6 million s/f of retail, dining, hotel, residential, office and entertainment venues.

CP Management earns three landscape awards including first place for The 903 Condominium

Exeter, NH During the 2022 Landscaping Awards competition, seven properties in the CP Management portfolio were entered by their property managers to be judged. These included commercial, multifamily, and residential condominiums properties. Towards the end of summer, during a two-week span

Jones Street Investment Partners secures $179 million construction financing for three multifamily projects

Kittery, ME Jones Street Investment Partners has secured $179 million in construction financing to develop luxury multifamily communities in Kittery and Brunswick, Maine, as well as Manchester, N.H.

Colliers Capital Markets arranges $79.7 million JV equity and construction financing for 250-units

Lebanon, NH Colliers Capital Markets has arranged $79.7 million in joint venture equity and senior secured construction financing for the development of THE MAREK at Lebanon, a 250-unit, class A multifamily community located at 343 Mount Support Rd.

White and Burke of Boulos sell 127,058 s/f retail building - $11.5m

Newington, NH The 127,058 s/f retail building, former anchor for the Fox Run Mall, sold for $11.5 million. Kent White and Caitlin Burke of The Boulos Company represented the seller, Seritage SRC Finance and worked with Atlantic Capital Partners as the listing brokers who also secured the buyers, UEP Second LLC and MVC Fox Run LLC.

Dawley, N. Coe, Hatcher, and G. Coe of Marcus & Millichap sell 13,580 s/f Pittsfield Self Storage facility

Pittsfield, ME Marcus & Millichap brokered the sale of Pittsfield Self Storage, a 13,580 s/f self-storage facility, according to Grant Fitzgerald, regional manager of the firm’s Columbus office.