Northern New England

Eastern Bank provides $2.5 million construction loan to Summit for 8,500 s/f build-to-suit medical building

Somersworth, NH Eastern Bank has provided a $2.5 million construction loan to Dover-based developer Summit Land Development (Summit) for ground-up construction of an 8,500 s/f building at 5 Terrascape Pkwy. along Somersworth’s “Medical Mile.” 

Prolman Realty handles 3,000 s/f lease to Sky Market

Nashua, NH Prolman Realty, Inc. handled the lease of  9 Main St. to Sky Market. According to Mark Prolman and Lisa Ferrari who represented the lessor, CAZ Holdings, LLC and assisted the lessee. 

Summit Realty Partners leases 2,400 s/f in Tilton, N.H. to Clear Choice MD Urgent Care

Tilton, NH Summit Realty Partners, Inc. completed a lease transaction with Clear Choice MD Urgent Care who plans to construct a 2,400 s/f building on a pad site at Tilton Plaza.

Brown and Silvernail join TFMoran with 53 years combined experience

Portsmouth, NH Amy Brown has joined TFMoran as office manager for the Portsmouth division. Brown has a bachelor of science degree in Business Management from Granite State College. She has nearly twenty years of experience in business and project management, all aspects of business accounting, and executive administrative support. 

IRS section 1031 tax deferrals –2019 and roaring in terms of property values and exchange volume - by Greg Hill

This calendar year is shaping up to be a banner year in terms of property values and exchange volume. Real estate currently is extremely frothy – good if your selling, terrible if you’re trying to find a replacement property that

Appraisers in a box – again: Current trends appear to be constricting ability to provide services - by Bill Pastuszek

I reread an article I wrote three years ago entitled “Appraisers in a Box.” The article discussed that “[r]eal estate professionals are finding it increasingly difficult to carry out professional responsibilities in an increasingly competitive and regulatory stifling environment.” The professionals include those in conveyancing, brokerage, and appraisal.

The carbon sequestered in your building materials: Protocols for addressing impact of design and development - by Thomas House

There are several protocols for addressing the carbon impact of design and development, the most well-known being LEED, and Passivhaus (on this side of the pond, Passive House Institute US). Here are some things to consider – and we’ll highlight a common sense third way.

Protecting and managing the family vacation home: Have a written agreement in place - by Philip Hastings

Over the past few years, I have helped several clients in some variation of the following situation: “My parents recently passed away, leaving the family vacation property to me and my brothers and sisters. What do we do now?” Although every situation is unique, there are several common issues that families in these circumstances need to think about.

Chittenden County Vermont experiencing a flurry of growth and development - by Doug Nedde and Nikki Fitzcharles

Chittenden County has experienced a flurry of development in the last two years, with the majority of growth occurring in the retail and residential rental markets. One of the major projects is the development of 60 acres of waterfront property by Eric Farrell called Cambrian Rise, which will feature a 735-unit mix of condos, houses, apartments, restaurants, shops and a hotel.

Novaya Real Estate Ventures leases 119,000 s/f to BAE Systems

Hudson, NH Novaya Real Estate Ventures has leased 119,000 s/f of industrial space to BAE Systems, which is relocating from Merrimack. The property, located at 36 Executive Dr., features 32’ clear height, 40x40 column spacing, and ample loading and trailer parking.  There is 95,000 s/f of available space at the property.