It looks like the federal reserve will continue its interest rate hikes to curb inflation. What does that mean for the real estate market? Federal chair Jerome Powell said, “The deceleration in housing prices that we’re seeing should
The city of Lewiston and partner, Lewiston Housing Authority, have gained statewide attention as the smallest city in the country to ever receive the Department of Housing and Urban Development’s $30 million Choice Neighborhood Implementation grant. This resident-led transformational project in downtown Lewiston
Portsmouth, NH The West End Yards development team of Torrington Properties (Torrington), Mount Vernon Company and The Dolben Company, Inc. signed a multi-year lease, with ConvenientMD to relocate the healthcare provider’s corporate headquarters from the Pease Tradeport to the two-story commercial building at the new mixed-use development off U.S. Rte. 1.
Rochester, NH Brady Sullivan Properties sold 35 and 35 E Industrial Way for $6.8 million after over a decade of ownership. The two-building campus is comprised of 210,000 s/f on over 27 acres. Christian Stallkamp of The Boulos Company represented the buyer, Amarosa Industrial Park, LLC.
Nashua, NH Summit Realty Partners, Inc. brokered two land sales in New Hampshire. 8 Merrit Pkwy. sold for $950,000 on July 7, 2022. The 6.21 acre development site was purchased by Parsons Ventures, LLC. This undeveloped property is located in the mixed-use village of Carriage
In case you missed it, the Summer Mixer, hosted at Birchwood Vineyards, was a huge success! The event helped raise over $20,000 for our non-profit CIBOR CARES. Thank you to all who attended, those who donated auction items ranging from Red Sox and Patriots Tickets to plane rides, and all of our generous sponsors!
I hope everyone is enjoying these last few weeks of summer! From what I have been experiencing, the industry as a whole has been far busier than any of us expected. So much for those dog days of summer, right? When you consider recently ever-increasing household costs (gas & utility prices, rent increases, food, interest rate hikes affecting both mortgages
Real estate transactions are now done almost entirely through digital means. For speed, convenience and efficiency, purchase agreements and leases are usually exchanged and signed electronically. The typical “sit-down” closing is something of a relic, with closing documents often signed remotely. “DocuSign” is used as a verb and has been
MarketWatch declares we are in a ‘housing recession.’ Or maybe more accurately, the rents are too d*mn…weird. Zillow claims the recent surge of rent inflation is coming down (well, rising slower but note: still rising). Conversely, the Consumer Price Index shows rents climbing at a consistent rate and have thus far reached
Industrial markets – which include warehousing, manufacturing logistics, etc. – continue to hold a dear place in the hearts and minds of investors. COVID sparked a boom in industrial real estate across the country and released an incredible amount of pent-up demand in New England.
