Northern New England

Plan NH reveals 2019 Merit Award recipients at the Capital Commons building in Concord on June 20th

Concord, NH At its annual awards evening, held on June 20th at the Capital Commons building, Plan NH revealed this year’s Merit Award projects.  The projects were selected from a field of nominations by a jury of professionals within the planning, design and development industries.

As summer approaches, we have found transaction volume steady for both leases and sales - by Bill Norton

As summer approaches, it is hard to believe that 2019 is nearly half over. We have found transaction volume steady, for both leases and sales, but every deal is somewhat of a grind. For leases, rates are up due to no new inventory and spiraling construction costs. Even simple TI’s can run $15 - $20 per s/f.

Feature of the Month: Warrenstreet Architects named 2019 Business of the Year

Concord, NH Proving themselves once again as a leader in their industry, Warrenstreet Architects Inc., proudly celebrates their recent naming as a 2019 Business of the Year by Business NH Magazine. A 29-year-young  design cooperative headquartered in New Hampshire’s capital city,

Qualitative and quantitative performance measures to evaluate the health of your occupancy costs - by David De Lise

There are a number of qualitative and quantitative performance measures utilized by commercial real estate professionals to evaluate if tenants are paying rents that are sustainable and “healthy” as these costs relate to their overall sales or gross revenue.

Cardente Real Estate completes three leases totaling 5,770 s/f

Portland, ME Cardente Real Estate has completed the following lease transactions totaling 5,770 s/f: 

The Boulos Company sells 43,000 s/f industrial warehouse for $4.25 million

Seabrook, NH According to The Boulos Co., one of Northern New England’s largest commercial real estate firms serving owners, investors, and tenants, Torrington Properties has purchased a 43,000 s/f industrial warehouse located at 9 Batchelder Rd. from Corium Real Estate Group.

Summit Realty Partners leases 8,232 s/f to Town Fair Tire at Spaulding Commons Shopping Center

Rochester, NH According to Summit Realty Partners, Town Fair Tire leased an 8,232 s/f endcap at the 42,000 s/f recently renovated Spaulding Commons Shopping Center.

New 19,200 s/f Bedford Land Rover dealership on South River Road completed

Bedford, NH Bedford Land Rover’s expansion features a new facility recently completed on South River Rd. (U.S. Rte. 3). The New Hampshire-based design-build team was led by Eckman Construction of Bedford,

Stevens named partner at The Boulos Company

Portland, ME According to The Boulos Co., Nate Stevens, broker, has been promoted to partner. Stevens joined Boulos in 2007 after working with CBRE in Tucson, AZ.

Access to clean water affects residential and commercial real estate - by Douglas Martin

In the March message, I mentioned that we were tracking a number of bills, one of which had to do with water contamination. Senate Bill 287 would require the commissioner of the department of environmental services to revise rules relative to perfluorinated chemical contamination in drinking water.